If You Invested $1,000 in T. Rowe Price 20 Years Ago, This Is How Much You Would Have Today
In recent years, T. Rowe Price (NASDAQ: TROW) has faced increasing competition from passively managed investment companies. Despite a significant shift in investors' preference from active management to passive management for over a decade, T. Rowe continues to deliver for its investors.
The asset manager has raised its dividend over multiple recessions and pays investors a healthy 4.3% dividend yield. If you invested $1,000 in T. Rowe Price 20 years ago, your investment today would be worth $10,580. To put this in perspective, a $1,000 investment in the SPDR S&P 500 ETF (NYSEMKT: SPY) would be worth $6,681 today.
T. Rowe has delivered over a long time for investors, but the stock has faced quite a bit of volatility in recent years. Here's what you should consider before buying this dividend stock.
Source Fool.com