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T. Rowe Price Group, Inc. (TROW) recently increased its quarterly dividend by 1.64%, from $1.22 to $1.24 per share. The dividend is payable on March 28 to shareholders of record on March 15. The ex-dividend date is March 14, 2024.

T. Rowe Price's contribution to my projected annual dividend income will increase by $12.00 to $744.00. I own 150 shares of the stock at an average cost basis of $88.49 per share. Following this increase, my yield on cost is 5.61% (TROW's forward yield is 4.52% at $109.70 per share).

TROW became my 30^th Home Run stock in January 2021, when the stock doubled my original capital outlay.

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