T. Rowe’s Dividends to Increase Marginally in 2017
In 2017, T. Rowe Price Group (TROW) is expected to witness a marginal rise of 4.2% in its dividend distribution as compared to 2016. The company is expected to declare total dividends of $2.23 per share in 2017. From February 2016 to October 2016, the company consistently declared quarterly dividends of $0.54 per share. However, in February 2017, the company declared quarterly dividends of $0.57 per share, which was paid in March 2017. In April 2017, the company declared the same quarterly dividend of $0.57 as in February 2017. The dividend declared in April 2017 was paid in June 2017.
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Bank of New York Mellon (BK) declared a quarterly dividend of $0.19 per share in April 2017, which was paid in May 2017. In July 2017, the company declared a quarterly dividend of $0.24 per share. The dividend declared in July 2017 was paid on August 11, 2017. Bank of New York Mellon is expected to declare dividends of $0.86 per share for the full year of 2017.