This Legendary Dividend Stock Is Down More Than 50%. Buy It Cheap While You Can.
Investment management company T. Rowe Price (NASDAQ: TROW) isn't a brand you'll hear about much from your friends and family. However, it's a staple in the dividend community. T. Rowe Price has paid and raised its dividend for 37 consecutive years, and the stock has obliterated the S&P 500 over its lifetime.
But today, the stock is down 50% from its high. Is this a half-off sale worth jumping on, or is the market telling investors something they don't yet know? Understanding how the business works is key to knowing whether to own the stock.
Once you peel back the data, the stock begins to stand out as a compelling long-term idea worthy of any long-term investor's portfolio. Here is what you need to know.
Source Fool.com
