5 Highest-Yielding Dividend Aristocrats for 2022

In this article, we discuss 5 highest-yielding dividend aristocrats for 2022. If you want to see some more stocks in this selection, click 10 Highest-Yielding Dividend Aristocrats for 2022. 

5. T. Rowe Price Group, Inc. (NASDAQ:TROW)

Dividend Yield as of May 6: 3.82%

Number of Hedge Fund Holders: 30

T. Rowe Price Group, Inc. (NASDAQ:TROW) is an American global investment management firm  that specializes in mutual funds, advisory services, and retirement planning, among other financial services. T. Rowe Price Group, Inc. (NASDAQ:TROW)’s dividend yield on May 6 stood at 3.82%. 

On April 28, T. Rowe Price Group, Inc. (NASDAQ:TROW) reported its Q1 results, posting earnings per share of $2.62, missing estimates by $0.14. The $1.86 billion revenue outperformed analysts’ predictions by $687,130. 

T. Rowe Price Group, Inc. (NASDAQ:TROW) declared on February 8 a $1.20 per share quarterly dividend, an 11.1% increase from its last dividend of $1.08, marking the 36th consecutive year since the company’s public listing that it will have increased its common annual dividend. The dividend was paid to shareholders on March 30. 

T. Rowe Price Group, Inc. (NASDAQ:TROW) announced on May 4 that it has joined the Net Zero Asset Managers initiative to promote net zero greenhouse gas emissions by 2050 or sooner. The company is solidifying its commitment to offering investment products for customers with net zero goals.

BMO Capital analyst James Fotheringham reiterated an Outperform rating on T. Rowe Price Group, Inc. (NASDAQ:TROW) but lowered the firm’s price target on the stock to $160 from $204. The analyst cited the company’s Q1 earnings miss and revised expense guidance, slashing his FY22 EPS view to $11.38 from $12.50, and noting that market depreciation poses a risk to his new estimates. However, the analyst still projects “modest organic growth” and sees upside potential for T. Rowe Price Group, Inc. (NASDAQ:TROW)’s earnings multiple, which is presently at “only” 10-times expected forward earnings.

According to Insider Monkey’s Q4 database, T. Rowe Price Group, Inc. (NASDAQ:TROW) was found in the public stock portfolios of 30 hedge funds, compared to 35 funds in the prior quarter. Cliff Asness’ AQR Capital Management is the largest shareholder of the company, with 710,753 shares worth $139.7 million.