T. Rowe Price Dividend Growth Fund, Inc. (PRDGX) is an open-end mutual fund that seeks dividend income and long-term capital growth primarily through investments in common stocks of dividend-paying companies expected to increase their dividends over time; the fund normally invests at least 65% of its total assets in such stocks, with an emphasis on those demonstrating strong financial health and growth prospects as indicated by consistent dividend growth; it focuses on large-blend category equities, including top holdings such as Microsoft Corp., Apple Inc., Broadcom Inc., JPMorgan Chase & Co., and Visa Inc.. The fund is managed by T. Rowe Price Group, Inc., a global investment management firm founded in 1937 and headquartered in Baltimore, Maryland, with operations serving clients across 55 countries.. In a recent development, T. Rowe Price announced that David Rowlett will join as an associate portfolio manager effective January 1, 2026, supporting veteran lead manager Tom Huber, who has overseen the strategy for over 25 years; Rowlett, with more than 17 years at the firm, will assist with idea generation, financial analysis, and client responsibilities while continuing to manage T. Rowe Price US Impact Equity; this change does not impact the fund's Morningstar Medalist Ratings.. Launched on December 30, 1992, the fund targets individual and institutional investors seeking income and capital appreciation through a value-oriented large-cap equity strategy benchmarked against the S&P 500 Total Return Index..