Before You Buy T. Rowe Price: Here's a Dividend Stock I'd Buy First
T. Rowe Price (NASDAQ: TROW) is one of the most attractive dividend stocks you can find. The asset management company, which runs the T. Rowe Price family of investments, has all the attributes of a great dividend stock. It is one of the leaders in its market, with some $1.4 trillion in assets under management, and it has raised its dividend each year for the past 36 years. Only a few dozen stocks, called Dividend Kings, have longer streaks.
That commitment to the dividend stems from its incredible capital management, as the company carries no long-term debt and has substantial cash, which enables it to maintain and increase its dividend -- even in hard times.
You really couldn't go wrong adding T. Rowe Price to your portfolio as a dividend stock, but I think there's a stock within its industry that looks like an even better option: (NYSE: BLK). Let's take a look at the two side by side.
Source Fool.com
Blackrock Inc. Stock
With 17 Buy predictions and not the single Sell prediction the community is currently very high on Blackrock Inc..
As a result the target price of 852 € shows a slightly positive potential of 7.09% compared to the current price of 795.6 € for Blackrock Inc..
