- ISIN
- US7795461000
- CUSIP
- 779546100
- Issuer
- T. Rowe Price
- Inception Date
- Dec 30, 1992
- Region
- North America (U.S.)
- Category
- Large Cap Blend Equities, Dividend
- Leveraged
- 1x (No leverage)
- Min. Investment
- $2,500
- Index Tracked
- No Index (Active)
- Domicile
- United States
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
Share Price Chart
Loading charts...
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Performance
PRDGX Performance Chart
T. Rowe Price Dividend Growth Fund, Inc. (PRDGX) is up 8.4% since the beginning of the year. PRDGX is currently trading at $88 per share. Investors who bought $1,000 worth of PRDGX shares 5 years ago would now be looking at an investment worth $1,660.
Loading charts...
Returns By Period
T. Rowe Price Dividend Growth Fund, Inc. (PRDGX) has returned 8.38% so far this year and 19.00% over the past 12 months. Over the last ten years, PRDGX has returned 12.96% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
T. Rowe Price Dividend Growth Fund, Inc.
- 1D
- 0.35%
- 1M
- 1.59%
- YTD
- 8.38%
- 6M
- 7.91%
- 1Y
- 19.00%
- 3Y*
- 15.02%
- 5Y*
- 10.67%
- 10Y*
- 12.96%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.15%
- 1Y
- 24.03%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
PRDGX Monthly Returns History
Based on dividend-adjusted daily data since Dec 31, 1992, PRDGX's average daily return is +0.04%, while the average monthly return is +0.90%. At this rate, an investment would double in approximately 6.4 years.
Historically, 68% of months were positive and 32% were negative. The best month was Nov 2020 with a return of +10.9%, while the worst month was Oct 2008 at -17.3%. The longest winning streak lasted 19 consecutive months, and the longest losing streak was 5 months.
On a daily basis, PRDGX closed higher 53% of trading days. The best single day was Oct 13, 2008 with a return of +11.4%, 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 | 1.73% | 3.43% | -5.49% | 5.98% | 1.60% | 1.22% | 8.38% | ||||||
| 2025 | 4.24% | 1.30% | -3.15% | -1.42% | 3.87% | 2.84% | 0.02% | 2.01% | 1.84% | 0.26% | 2.48% | -0.21% | 14.74% |
| 2024 | 0.82% | 4.41% | 2.69% | -3.18% | 3.79% | 1.10% | 2.90% | 2.89% | 0.68% | -2.80% | 5.50% | -5.46% | 13.48% |
| 2023 | 3.34% | -2.72% | 1.43% | 2.03% | -2.92% | 5.79% | 2.70% | -2.10% | -4.04% | -1.36% | 7.86% | 3.65% | 13.68% |
| 2022 | -4.98% | -2.88% | 3.09% | -5.50% | 0.21% | -6.13% | 7.52% | -3.33% | -7.78% | 8.49% | 6.36% | -4.01% | -10.22% |
| 2021 | -2.60% | 2.57% | 5.05% | 5.52% | 1.01% | 0.60% | 3.05% | 2.27% | -4.55% | 6.62% | -1.92% | 6.47% | 26.03% |
Benchmark Metrics
T. Rowe Price Dividend Growth Fund, Inc. has an annualized alpha of 2.83%, beta of 0.83, and R2 of 0.92 versus S&P 500 Index. Calculated based on daily prices since December 31, 1992.
- This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (87.73%) than losses (79.04%) - typical of diversified or defensive assets.
- This fund generated an annualized alpha of 2.83% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- Alpha
- 2.83%
- Beta
- 0.83
- R²
- 0.92
- Upside Capture
- 87.73%
- Downside Capture
- 79.04%
Expense Ratio
PRDGX has an expense ratio of 0.64%, placing it in the medium range.
Return for Risk
Risk / Return Rank
PRDGX ranks 52 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, Inc. (PRDGX) 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.
| PRDGX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.08 | ||
| Sortino ratioReturn per unit of downside risk | +0.02 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.37 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.61 | 2.78 | -0.17 |
| Martin ratioReturn relative to average drawdown | 10.71 | 12.44 | -1.73 |
Dividends
Dividend History
T. Rowe Price Dividend Growth Fund, Inc. provided a 7.47% dividend yield over the last twelve months, with an annual payout of $6.59 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 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $6.59 | $6.55 | $3.58 | $1.97 | $2.44 | $1.48 | $0.62 | $1.24 | $1.52 | $0.79 | $1.14 | $2.60 |
Dividend yield | 7.47% | 8.02% | 4.66% | 2.78% | 3.81% | 2.00% | 1.03% | 2.33% | 3.67% | 1.82% | 3.07% | 7.57% |
Monthly Dividends
The table displays the monthly dividend distributions for T. Rowe Price Dividend Growth Fund, Inc.. 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 | $0.23 | $0.00 | $0.00 | $0.00 | $0.23 | ||||||
| 2025 | $0.00 | $0.00 | $0.19 | $0.00 | $0.00 | $0.21 | $0.00 | $0.00 | $0.19 | $0.00 | $0.00 | $5.96 | $6.55 |
| 2024 | $0.00 | $0.00 | $0.18 | $0.00 | $0.00 | $0.20 | $0.00 | $0.00 | $0.20 | $0.00 | $0.00 | $3.01 | $3.58 |
| 2023 | $0.00 | $0.00 | $0.18 | $0.00 | $0.00 | $0.21 | $0.00 | $0.00 | $0.20 | $0.00 | $0.00 | $1.38 | $1.97 |
| 2022 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.17 | $0.00 | $0.00 | $0.18 | $0.00 | $0.00 | $1.95 | $2.44 |
| 2021 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $1.05 | $1.48 |
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.
Loading charts...
Worst Drawdowns
The table below displays the maximum drawdowns of the T. Rowe Price Dividend Growth Fund, Inc.. 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, Inc. was 49.79%, occurring on Mar 9, 2009. Recovery took 588 trading sessions.
The current T. Rowe Price Dividend Growth Fund, Inc. drawdown is 0.33%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -49.79%Mar 2009 | 1y 7mo | 2y 4mo | 3y 11moJul 2007 - Jul 2011 |
COVID crash2020 | -33.18%Mar 2020 | 1mo 4d | 5mo 8d | 6mo 12dFeb 2020 - Aug 2020 |
Dot-com crash2000–2002 | -31.93%Oct 2002 | 1y 4mo | 1y 4mo | 2y 8moMay 2001 - Feb 2004 |
Dot-com crash2000–2002 | -19.42%Mar 2000 | 7mo 22d | 9mo 25d | 1y 5moJul 1999 - Dec 2000 |
Bear market2022 | -19.31%Oct 2022 | 9mo 16d | 1y 2mo | 1y 11moDec 2021 - Dec 2023 |
Drawdown Indicators
| PRDGX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.79% | -56.78% | +6.99% |
Max Drawdown (1Y)Largest decline over 1 year | -7.34% | -9.10% | +1.76% |
Max Drawdown (3Y)Largest decline over 3 years | -14.15% | -18.90% | +4.75% |
Max Drawdown (5Y)Largest decline over 5 years | -19.31% | -25.43% | +6.12% |
Max Drawdown (10Y)Largest decline over 10 years | -33.18% | -33.92% | +0.74% |
Current DrawdownCurrent decline from peak | -0.33% | -1.80% | +1.47% |
Average DrawdownAverage peak-to-trough decline | -5.41% | -10.71% | +5.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.79% | 2.03% | -0.24% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
Loading charts...
Build a portfolio with PRDGX
Add T. Rowe Price Dividend Growth Fund, Inc. to a portfolio and analyze allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Analyzer with PRDGX