T. Rowe Price Dividend Growth Fund, Inc.
Name
As of 11/20/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
17.0%
1 yr return
22.9%
3 Yr Avg Return
7.8%
5 Yr Avg Return
N/A
Net Assets
$24.2 B
Holdings in Top 10
27.5%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.50%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 12.30%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$0
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 11/20/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
TRZDX - Profile
Distributions
- YTD Total Return 17.0%
- 3 Yr Annualized Total Return 7.8%
- 5 Yr Annualized Total Return N/A
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 1.46%
- Dividend Yield 1.6%
- Dividend Distribution Frequency Quarterly
Fund Details
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Legal NameT. Rowe Price Dividend Growth Fund, Inc.
-
Fund Family NameTROWEPRICE
-
Inception DateFeb 22, 2021
-
Shares OutstandingN/A
-
Share ClassZ
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerThomas Huber
Fund Description
The fund normally invests at least 65% of the fund’s total assets in stocks, with an emphasis on stocks that have a strong track record of paying dividends or that are expected to increase their dividends over time. The adviser believes that a track record of dividend increases can be an excellent indicator of financial health and growth prospects, and that over the long term, income can contribute significantly to total return. Dividends can also help reduce the fund’s volatility during periods of market turbulence and help offset losses when stock prices are falling.
The adviser’s research analysts look for stocks with sustainable, above-average growth in earnings and dividends. When appropriate, the portfolio manager may attempt to buy stocks when they are temporarily out of favor or undervalued by the market. Holdings tend to be in large- to mid-cap companies.
At times, the fund may have a significant portion of its assets invested in the same economic sector.
In selecting investments, the adviser generally favors companies that it believes possess one or more of the following:
·either a track record of, or the potential for, above-average earnings and dividend growth;
·a competitive current dividend yield;
·a sound balance sheet and solid cash flow to support future dividend increases;
·a sustainable competitive advantage and leading market position; and
·attractive valuations, such as low price/earnings, price/cash flow, or price/sales ratios.
While most assets are typically invested in U.S. common stocks, the fund may invest in foreign stocks in keeping with its objective(s).
TRZDX - Performance
Return Ranking - Trailing
Period | TRZDX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 17.0% | 3.5% | 44.2% | 83.70% |
1 Yr | 22.9% | 6.0% | 54.8% | 84.28% |
3 Yr | 7.8%* | -12.1% | 15.9% | 56.99% |
5 Yr | N/A* | -8.1% | 109.9% | 19.72% |
10 Yr | N/A* | -0.4% | 52.4% | 23.24% |
* Annualized
Return Ranking - Calendar
Period | TRZDX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 10.5% | -42.6% | 47.4% | 81.50% |
2022 | -13.5% | -56.3% | -4.2% | 6.89% |
2021 | N/A | -27.2% | 537.8% | N/A |
2020 | N/A | -22.5% | 2181.7% | N/A |
2019 | N/A | -13.5% | 40.4% | N/A |
Total Return Ranking - Trailing
Period | TRZDX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 17.0% | 3.5% | 44.2% | 83.70% |
1 Yr | 22.9% | 6.0% | 54.8% | 84.28% |
3 Yr | 7.8%* | -12.1% | 15.9% | 56.99% |
5 Yr | N/A* | -8.1% | 109.9% | 19.15% |
10 Yr | N/A* | -0.4% | 52.4% | 22.11% |
* Annualized
Total Return Ranking - Calendar
Period | TRZDX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 14.4% | -5.0% | 47.4% | 89.16% |
2022 | -9.7% | -36.8% | -2.2% | 8.53% |
2021 | N/A | 3.0% | 537.8% | N/A |
2020 | N/A | -15.8% | 2266.0% | N/A |
2019 | N/A | -0.4% | 241.3% | N/A |
NAV & Total Return History
TRZDX - Holdings
Concentration Analysis
TRZDX | Category Low | Category High | TRZDX % Rank | |
---|---|---|---|---|
Net Assets | 24.2 B | 2.34 M | 1.55 T | 10.80% |
Number of Holdings | 104 | 2 | 3963 | 52.32% |
Net Assets in Top 10 | 6.82 B | 880 K | 517 B | 11.62% |
Weighting of Top 10 | 27.53% | 0.3% | 112.9% | 89.56% |
Top 10 Holdings
- MICROSOFT CORP 7.14%
- APPLE INC 4.80%
- VISA INC 2.15%
- JPMORGAN CHASE CO 2.10%
- ELI LILLY CO 2.05%
- T. Rowe Price Government Reserve Fund 2.03%
- CHUBB LTD 1.94%
- GENERAL ELECTRIC CO 1.82%
- UNITEDHEALTH GROUP INC 1.75%
- MCKESSON CORP 1.75%
Asset Allocation
Weighting | Return Low | Return High | TRZDX % Rank | |
---|---|---|---|---|
Stocks | 97.74% | 0.00% | 105.85% | 75.79% |
Cash | 2.15% | 0.00% | 99.07% | 24.37% |
Preferred Stocks | 0.11% | 0.00% | 2.53% | 4.47% |
Other | 0.00% | -13.91% | 100.00% | 60.19% |
Convertible Bonds | 0.00% | 0.00% | 5.54% | 46.62% |
Bonds | 0.00% | 0.00% | 94.06% | 50.61% |
Stock Sector Breakdown
Weighting | Return Low | Return High | TRZDX % Rank | |
---|---|---|---|---|
Technology | 18.89% | 0.00% | 48.94% | 79.16% |
Healthcare | 18.30% | 0.00% | 52.29% | 12.16% |
Financial Services | 16.54% | 0.00% | 55.59% | 19.93% |
Industrials | 14.50% | 0.00% | 29.90% | 7.86% |
Consumer Defense | 9.52% | 0.00% | 47.71% | 13.98% |
Consumer Cyclical | 8.35% | 0.00% | 30.33% | 79.32% |
Utilities | 4.50% | 0.00% | 20.91% | 10.50% |
Real Estate | 3.32% | 0.00% | 31.91% | 27.54% |
Basic Materials | 2.68% | 0.00% | 25.70% | 45.08% |
Communication Services | 1.81% | 0.00% | 27.94% | 94.71% |
Energy | 1.60% | 0.00% | 41.64% | 80.15% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | TRZDX % Rank | |
---|---|---|---|---|
US | 97.01% | 0.00% | 105.85% | 70.35% |
Non US | 0.73% | 0.00% | 64.54% | 21.28% |
TRZDX - Expenses
Operational Fees
TRZDX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.50% | 0.01% | 19.75% | 73.92% |
Management Fee | 0.49% | 0.00% | 1.90% | 45.47% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.00% | 0.85% | N/A |
Sales Fees
TRZDX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 1.00% | 5.75% | N/A |
Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
TRZDX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 0.25% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
TRZDX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 12.30% | 0.00% | 268.00% | 26.92% |
TRZDX - Distributions
Dividend Yield Analysis
TRZDX | Category Low | Category High | TRZDX % Rank | |
---|---|---|---|---|
Dividend Yield | 1.59% | 0.00% | 25.47% | 29.89% |
Dividend Distribution Analysis
TRZDX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Quarterly | Annual | Quarterly | Annual |
Net Income Ratio Analysis
TRZDX | Category Low | Category High | TRZDX % Rank | |
---|---|---|---|---|
Net Income Ratio | 1.46% | -54.00% | 2.44% | 6.64% |
Capital Gain Distribution Analysis
TRZDX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Semi-Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Sep 26, 2024 | $0.325 | OrdinaryDividend |
Mar 26, 2024 | $0.285 | OrdinaryDividend |
Dec 13, 2023 | $0.328 | OrdinaryDividend |
Dec 13, 2023 | $1.145 | CapitalGainLongTerm |
Sep 27, 2023 | $0.308 | OrdinaryDividend |
Jun 28, 2023 | $0.317 | OrdinaryDividend |
Mar 29, 2023 | $0.274 | OrdinaryDividend |
Dec 13, 2022 | $2.034 | OrdinaryDividend |
Sep 28, 2022 | $0.281 | OrdinaryDividend |
Jun 28, 2022 | $0.300 | OrdinaryDividend |
Mar 29, 2022 | $0.250 | OrdinaryDividend |
Dec 13, 2021 | $1.150 | OrdinaryDividend |
Sep 28, 2021 | $0.250 | OrdinaryDividend |
Jun 28, 2021 | $0.240 | OrdinaryDividend |
Mar 29, 2021 | $0.160 | OrdinaryDividend |
TRZDX - Fund Manager Analysis
Managers
Thomas Huber
Start Date
Tenure
Tenure Rank
Mar 31, 2000
22.18
22.2%
Thomas J. Huber is a portfolio manager in the U.S. Equity Division of T. Rowe Price since 2000. Mr. Huber has been chairman of the committee since 2000. He joined the Firm in 1994. Mr. Huber has 21 years of banking and investment experience, 20 of which have been with T. Rowe Price. Prior to assuming his portfolio management responsibilities, he was an equity analyst specializing in leisure, food and drug retail, and specialty retail. Mr. Huber was employed by Robert W. Baird as an assistant vice president managing IPO and merger and acquisition activity. Prior to this, he was a credit analyst and corporate banking relationship manager for NationsBank Corporation (now Bank of America). A graduate of the University of Virginia, Mr. Huber earned a B.S. in finance. He earned an M.S. in finance from the University of Wisconsin-Madison, School of Business in the applied security analysis and portfolio management program. He has also earned the Chartered Financial Analyst designation.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.04 | 39.02 | 7.24 | 2.42 |