Reinvesting T. Rowe Price's Dividend for 20 Years Changes the Math Completely. Here's How.
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 . 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. Continue reading