February 19, 2010 (FinancialWire) — T. Rowe Price Group, Inc.’s (NASDAQ: TROW) board of directors has declared a quarterly dividend of $0.27 per share payable March 29, 2010 to stockholders of record as of the close of business on March 16, 2010. The quarterly dividend rate represents an 8% increase over the previous quarterly dividend rate of $0.25 per share.

Baltimore-based T. Rowe Price Group is an investment management organization that posted $391.3 billion in assets under management as of December 31, 2009. The organization provides a range of mutual funds, sub-advisory services, and separate account management for individual and institutional investors, retirement plans, and financial intermediaries.

It also offers investment planning and guidance tools.

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