Reinvesting T. Rowe Price's Dividend for 20 Years Changes the Math Completely. Here's How.
T. Rowe Price's return looks significantly better with the dividend reinvested.
Overview
There are not many dividend stocks that are better than T. Rowe Price (NASDAQ: TROW).
The asset management firm has increased its dividend for 40 straight years, putting it well on its way to becoming a Dividend King.
Details
It has been an exceptional and consistent dividend stock because of its financial management. The company carries virtually no long-term debt, and has not carried debt for years. That rock-solid balance sheet gives T. Rowe Price the foundation to feed its dividend every year, with a healthy yield, without ever extending itself too far.
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.