About PRDGX
T. Rowe Price Dividend Growth Fund is an actively managed mutual fund designed to provide both dividend income and long-term capital growth, primarily through investments in U.S. equities. The fund's strategy centers on holding at least 65% of its assets in the common stocks of companies with a robust track record of paying dividends or those anticipated to increase their dividends over time. This focus on growing dividends is intended to signal underlying financial strength and stable long-term growth prospects for the underlying businesses.
Classified within the large blend category, the fund diversifies across major U.S. industries, including significant allocations to technology, financial services, healthcare, consumer defensive, and industrials. Its top holdings frequently include prominent blue-chip companies such as Microsoft, Apple, Visa, and JPMorgan Chase, reflecting an emphasis on established leaders with demonstrated earnings and dividend growth.
The T. Rowe Price Dividend Growth Fund has a relatively low expense ratio and modest portfolio turnover, which can help control costs for investors. Its quarterly dividend distributions, coupled with a history of competitive long-term returns, underscore its role as a core equity holding for those seeking both income and capital appreciation within the framework of the U.S. stock market.
Fund Family T. Rowe Price
Category Large Blend
Performance Rating Average
Risk Rating Low
Stock Exchange Nasdaq
Ticker Symbol PRDGX
Index S&P 500 TR
PRDGX had a total return of 13.75% in the past year, including dividends. Since the fund's
inception, the average annual return has been 10.43%.
