How Much Would It Take To Earn $100 A Month From T. Rowe Price Stock?

T. Rowe Price Group, Inc. TROW provides services to individuals, institutional investors, retirement plans, financial intermediaries and institutions. It launches and manages equity and fixed-income mutual funds. The firm invests in public equity and fixed-income markets across the globe.

It will report its Q4 2024 earnings on Feb. 6, 2025. Wall Street analysts expect the company to post an EPS of $2.14, up from $1.72 in the year-ago period. According to data from Benzinga Pro, quarterly revenue is expected to be $1.84 billion, up from $1.64 billion in the year-ago period.

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The 52-week range of T. Rowe Price Group stock price was $100.49 to $125.81.

T. Rowe Price Group’s dividend yield is 4.27%. During the last 12 months, it paid $4.96 per share in dividends.

The Latest On T. Rowe Price Group

On Nov. 1, the company announced its Q3 2024 earnings, posting an adjusted EPS of $2.57, beating the consensus estimate of $2.33. However, revenues of $1.786 billion missed the consensus of $1.835 billion, as reported by Benzinga.

Rob Sharps, chair, CEO and president, commented, "We are seeing encouraging signs that we are on the right path. Our active ETF franchise is expanding, we are deepening our retirement leadership position with the launch of innovative retirement solutions and our associates are advancing our strategic initiatives. Our long-term performance is solid and we remain on track to reduce net outflows this year."

Check out this article by Benzinga for 14 analysts' insights on T. Rowe Price Group.

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How Can You Earn $100 Per Month As A T. Rowe Price Group Investor?

If you want to generate $100 per month – $1,200 annually – from T. Rowe Price Group dividends, your investment value needs to be approximately $28,103, which is 242 shares at $116.07 each. 

Understanding the dividend yield calculations: When estimating, you need two key variables – the desired annual income ($1,200) and the dividend yield (4.27% in this case). So, $1,200 / 0.0427 = $28,103 to generate an income of $100 per month.

You can calculate the dividend yield by dividing the annual dividend payments by the stock’s current price.

The dividend yield can change over time. This is the outcome of fluctuating stock prices and dividend payments on a rolling basis.

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For instance, assume a stock that pays $2 as an annual dividend is priced at $50. Its dividend yield would be $2/$50 = 4%. If the stock price rises to $60, the dividend yield drops to 3.33% ($2/$60). A drop in stock price to $40 will have an inverse effect and increase the dividend yield to 5% ($2/$40).

In summary, income-focused investors may find T. Rowe Price Group stock an attractive option for generating steady income of $100 per month by owning 242 shares of stock. 

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