T. Rowe Price Dividend Growth Fund
PDGIX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 100 East Pratt Street Baltimore MD United States of America 21202
- IPO Date
- Dec 17, 2015
- CIK
- 0000894024
- Website
- troweprice.com
- Similar Companies
- Business
- T. Rowe Price Dividend Growth Fund (PDGIX) is an open-end mutual fund managed by T. Rowe Price Group, Inc. that seeks dividend income and long-term capital growth primarily through investments in common stocks of companies with strong records of dividend payments or expected dividend increases; the fund normally invests at least 65% of total assets in such equities, focusing on large-cap blend stocks across sectors including information technology (24%), financials (20%), industrials (15%), and health care (12%). It offers shares in I Class with a net expense ratio of 0.50%, daily pricing, no front-end or deferred loads, a minimum initial investment of $500,000 for institutional investors, and a portfolio turnover rate of approximately 10%; total net assets stand at $24.0 billion with 97 holdings, predominantly U.S. stocks (93%) supplemented by non-U.S. stocks (5%) and cash (2%). Established with inception on December 17, 2015, and headquartered in Baltimore, Maryland as part of T. Rowe Price Group, Inc. (founded 1937), the fund targets individual and institutional investors seeking income-oriented equity exposure in the large blend category, with geographic focus on the United States and limited international allocations. Recent developments include a Morningstar rating upgrade to Gold, reflecting strong risk-adjusted performance under long-tenured manager Thomas Huber (since March 2000); the fund delivered YTD returns of approximately 9-12% through mid-2025, with 1-year, 3-year, and 5-year annualized returns of 9-13%, 10-13%, and 12-14%, respectively, amid portfolio optimization in a recovering market environment. T. Rowe Price Group, the parent entity, reported preliminary assets under management reaching $1.79 trillion as of November 2025, alongside strategic expansions into active ETFs launched in March 2025 and improved profitability margins in 2024 (net income margin at 29.61%), positioning the fund within a firm adapting to industry shifts toward diversified active strategies. No major acquisitions, partnerships, or reorganizations specific to PDGIX occurred in the last 1-2 years, with operational stability emphasized through consistent low-turnover management.