T. Rowe Price Group (TROW) is a global investment corporation with over $900 billion in assets under management (AUM). They are one of the premier active investment management firms, and they generate revenue from fees charged on client assets managed through their mutual fund products. T. Rowe Price is also a dividend aristocrat, having increased its dividend for 31 consecutive years, which is one of the primary reasons I recently decided to add the stock to my personal portfolio.
I launched my portfolio of dividend growth stocks in September 2017. My investment goal is to replace my paycheck with dividends over a 25 year period. I pick my own stocks based on select investment criteria, and use the Robinhood app so that I can trade without incurring any broker fees. You can read about my stock criteria and all my individual holdings here. T. Rowe Price is one of the original 5 stocks added to my portfolio. In deciding what stocks to invest in, I am looking for “great” companies that have the following qualities: