Reinvesting T. Rowe Price's Dividend for 20 Years Changes the Math Completely. Here's How.

T. Rowe Price offers a strong 4.93% dividend yield with 40 consecutive years of increases, but the stock has underperformed peers with only 5% annualized returns over 10 years. However, reinvesting dividends significantly improves returns to approximately 9% over 10 years and 7.5% over 20 years, making it competitive with other asset managers.