T. Rowe ups share buyback

T. Rowe Price Group’s board of directors has approved a 15 million share increase in the company's stock buyback plan.
JUN 06, 2008
T. Rowe Price Group’s board of directors has approved a 15 million share increase in the company's stock buyback plan, bringing the total stock repurchase to more than 21.1 million shares. The board of the Baltimore-based money manager also declared a quarterly dividend of 24 cents to be paid June 27 to holders of the shares as of June 16. Last year, T. Rowe authorized the repurchase of 15 million shares, then bringing the total number of available shares to 18.8 million (InvestmentNews, Feb. 16, 2007) . T. Rowe Price had $378.6 billion in assets under management as of March 31.

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