2023-08-14 06:51:00 ET
T. Rowe Price (NASDAQ: TROW) is one of the most attractive dividend stocks you can find. The asset management company, which runs the T. Rowe Price family of investments, has all the attributes of a great dividend stock. It is one of the leaders in its market, with some $1.4 trillion in assets under management, and it has raised its dividend each year for the past 36 years. Only a few dozen stocks, called Dividend Kings , have longer streaks.
That commitment to the dividend stems from its incredible capital management, as the company carries no long-term debt and has substantial cash, which enables it to maintain and increase its dividend -- even in hard times.
You really couldn't go wrong adding T. Rowe Price to your portfolio as a dividend stock, but I think there's a stock within its industry that looks like an even better option: BlackRock (NYSE: BLK) . Let's take a look at the two side by side.
For further details see:
Before You Buy T. Rowe Price: Here's a Dividend Stock I'd Buy First