Singapore markets open in 8 hours 51 minutes
  • Straits Times Index

    3,256.82
    -12.45 (-0.38%)
     
  • S&P 500

    4,287.02
    +6.87 (+0.16%)
     
  • Dow

    33,857.49
    +96.44 (+0.29%)
     
  • Nasdaq

    13,092.96
    +45.77 (+0.35%)
     
  • BTC-USD

    24,254.36
    -255.64 (-1.04%)
     
  • CMC Crypto 200

    576.54
    -14.22 (-2.41%)
     
  • FTSE 100

    7,509.15
    +8.26 (+0.11%)
     
  • Gold

    1,795.60
    -19.90 (-1.10%)
     
  • Crude Oil

    88.58
    -3.51 (-3.81%)
     
  • 10-Yr Bond

    2.7750
    -0.0740 (-2.60%)
     
  • Nikkei

    28,871.78
    +324.80 (+1.14%)
     
  • Hang Seng

    20,040.86
    -134.76 (-0.67%)
     
  • FTSE Bursa Malaysia

    1,504.01
    -2.18 (-0.14%)
     
  • Jakarta Composite Index

    7,093.28
    -36.00 (-0.50%)
     
  • PSE Index

    6,737.84
    +38.18 (+0.57%)
     

This High-Yield Dividend Stock Is Swimming in Cash

·3-min read
This High-Yield Dividend Stock Is Swimming in Cash
In this article:
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.

With a nearly $2.6 billion cash and investments balance and no long-term debt, interest rate hikes won't hurt the asset manager T. Rowe Price Group (NASDAQ: TROW). The market downturn has caused T. Rowe Price's assets under management (AUM) to fall 11.9% year over year to $1.4 trillion as of May. Adjusted net revenue and non-GAAP (generally accepted accounting principles) diluted earnings per share (EPS) are expected to drop 5.7% and 19.6% year over year in 2022.

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting