- ISIN
- US7795463089
- CUSIP
- 779546308
- Issuer
- T. Rowe Price
- Inception Date
- Dec 17, 2015
- Category
- Large Cap Value Equities, Dividend
- Min. Investment
- $500,000
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Value
Share Price Chart
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Performance
PDGIX Performance Chart
T. Rowe Price Dividend Growth Fund (PDGIX) is up 8.6% since the beginning of the year. PDGIX is currently trading at $88 per share. Investors who bought $1,000 worth of PDGIX shares 5 years ago would now be looking at an investment worth $1,646.
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Returns By Period
T. Rowe Price Dividend Growth Fund (PDGIX) has returned 8.62% so far this year and 18.21% over the past 12 months. Over the last ten years, PDGIX has had an annualized return of 13.35%, just under the S&P 500 Index benchmark’s 13.71%.
T. Rowe Price Dividend Growth Fund
- 1D
- 0.16%
- 1M
- 1.76%
- YTD
- 8.62%
- 6M
- 7.87%
- 1Y
- 18.21%
- 3Y*
- 15.78%
- 5Y*
- 10.48%
- 10Y*
- 13.35%
Benchmark (S&P 500 Index)
- 1D
- -1.44%
- 1M
- -1.45%
- YTD
- 7.60%
- 6M
- 6.59%
- 1Y
- 22.24%
- 3Y*
- 19.20%
- 5Y*
- 11.54%
- 10Y*
- 13.71%
PDGIX Monthly Returns History
Based on dividend-adjusted daily data since Jan 4, 2016, PDGIX's average daily return is +0.05%, while the average monthly return is +1.11%. At this rate, an investment would double in approximately 5.2 years.
Historically, 72% of months were positive and 28% were negative. The best month was Nov 2020 with a return of +10.9%, while the worst month was Mar 2020 at -11.6%. The longest winning streak lasted 13 consecutive months, and the longest losing streak was 3 months.
On a daily basis, PDGIX closed higher 55% of trading days. The best single day was Mar 24, 2020 with a return of +9.5%, while the worst single day was Mar 16, 2020 at -11.2%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 1.74% | 3.43% | -5.47% | 5.98% | 1.61% | 1.39% | 8.62% | ||||||
| 2025 | 4.24% | 1.32% | -3.14% | -1.40% | 3.88% | 2.84% | 0.04% | 2.03% | 1.86% | 0.28% | 2.49% | -0.21% | 14.91% |
| 2024 | 0.82% | 4.44% | 2.69% | -3.17% | 3.80% | 1.10% | 2.90% | 2.90% | 0.70% | -2.80% | 5.53% | -5.45% | 13.63% |
| 2023 | 3.34% | -2.72% | 1.45% | 2.04% | -2.92% | 5.81% | 2.70% | -2.09% | -4.02% | -1.34% | 7.88% | 3.65% | 13.82% |
| 2022 | -4.97% | -2.88% | 3.12% | -5.49% | 0.23% | -6.12% | 7.53% | -3.31% | -7.78% | 8.52% | 6.36% | -3.98% | -10.08% |
| 2021 | -2.58% | 2.58% | 5.05% | 5.54% | 1.01% | 0.61% | 3.05% | 2.28% | -4.54% | 6.63% | -1.90% | 6.48% | 26.19% |
Benchmark Metrics
T. Rowe Price Dividend Growth Fund has an annualized alpha of 1.91%, beta of 0.84, and R2 of 0.93 versus S&P 500 Index. Calculated based on daily prices since January 04, 2016.
- This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (85.98%) than losses (81.78%) - typical of diversified or defensive assets.
- Alpha
- 1.91%
- Beta
- 0.84
- R²
- 0.93
- Upside Capture
- 85.98%
- Downside Capture
- 81.78%
Expense Ratio
PDGIX has an expense ratio of 0.51%, placing it in the medium range.
Return for Risk
Risk / Return Rank
PDGIX ranks 53 for risk / return — on par with similar mutual funds. You're getting a typical balance of risk and reward. Not a standout, but not a red flag either — a reasonable choice if other factors align with your goals.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for T. Rowe Price Dividend Growth Fund (PDGIX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| PDGIX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.19 | ||
| Sortino ratioReturn per unit of downside risk | +0.37 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.32 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.65 | 2.46 | +0.20 |
| Martin ratioReturn relative to average drawdown | 10.88 | 10.92 | -0.04 |
Dividends
Dividend History
T. Rowe Price Dividend Growth Fund provided a 7.59% dividend yield over the last twelve months, with an annual payout of $6.70 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $6.70 | $6.66 | $3.68 | $2.05 | $2.55 | $1.55 | $0.69 | $1.30 | $1.58 | $0.82 | $1.19 |
Dividend yield | 7.59% | 8.16% | 4.80% | 2.90% | 3.99% | 2.09% | 1.15% | 2.44% | 3.81% | 1.89% | 3.20% |
Monthly Dividends
The table displays the monthly dividend distributions for T. Rowe Price Dividend Growth Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.26 | $0.00 | $0.00 | $0.00 | $0.26 | ||||||
| 2025 | $0.00 | $0.00 | $0.22 | $0.00 | $0.00 | $0.24 | $0.00 | $0.00 | $0.22 | $0.00 | $0.00 | $5.99 | $6.66 |
| 2024 | $0.00 | $0.00 | $0.20 | $0.00 | $0.00 | $0.23 | $0.00 | $0.00 | $0.22 | $0.00 | $0.00 | $3.03 | $3.68 |
| 2023 | $0.00 | $0.00 | $0.20 | $0.00 | $0.00 | $0.23 | $0.00 | $0.00 | $0.22 | $0.00 | $0.00 | $1.40 | $2.05 |
| 2022 | $0.00 | $0.00 | $0.19 | $0.00 | $0.00 | $0.19 | $0.00 | $0.00 | $0.21 | $0.00 | $0.00 | $1.97 | $2.55 |
| 2021 | $0.00 | $0.00 | $0.16 | $0.00 | $0.00 | $0.16 | $0.00 | $0.00 | $0.17 | $0.00 | $0.00 | $1.06 | $1.55 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the T. Rowe Price Dividend Growth Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the T. Rowe Price Dividend Growth Fund was 33.17%, occurring on Mar 23, 2020. Recovery took 111 trading sessions.
The current T. Rowe Price Dividend Growth Fund drawdown is 0.17%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -33.17%Mar 2020 | 1mo 4d | 5mo 8d | 6mo 12dFeb 2020 - Aug 2020 |
Bear market2022 | -19.21%Oct 2022 | 9mo 16d | 1y 2mo | 1y 11moDec 2021 - Dec 2023 |
Rate-hike selloffLate 2018 | -15.23%Dec 2018 | 3mo 1d | 2mo 7d | 5mo 8dSep 2018 - Mar 2019 |
2025 selloff2025 | -14.12%Apr 2025 | 1mo 17d | 2mo 19d | 4mo 6dFeb 2025 - Jun 2025 |
2018 pullback2018 | -9.18%Feb 2018 | 10d | 5mo 29d | 6mo 9dJan 2018 - Aug 2018 |
Drawdown Indicators
| PDGIX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.17% | -56.78% | +23.61% |
Max Drawdown (1Y)Largest decline over 1 year | -7.32% | -9.10% | +1.78% |
Max Drawdown (3Y)Largest decline over 3 years | -14.12% | -18.90% | +4.78% |
Max Drawdown (5Y)Largest decline over 5 years | -19.21% | -25.43% | +6.22% |
Max Drawdown (10Y)Largest decline over 10 years | -33.17% | -33.92% | +0.75% |
Current DrawdownCurrent decline from peak | -0.17% | -3.21% | +3.04% |
Average DrawdownAverage peak-to-trough decline | -3.34% | -10.71% | +7.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.78% | 2.04% | -0.26% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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