Why T. Rowe Price Is a Retiree's Dream Stock
If you're an investor thinking about retirement, you probably have a few things on your mind. You want stocks that produce robust returns that aren't volatile and that you can rely on to increase your nest egg. You may also want stocks that produce consistent income via dividends that may help you supplement your retirement income.
If you can get great dividends and great returns in one stock, well, that might be considered a retiree's dream stock. Here is one stock that has provided both for a long time and should continue to do so -- T. Rowe Price Group (NASDAQ: TROW).
T. Rowe Price, an asset management firm, is about as steady and stable as a company gets. T. Rowe has posted a 10-year annualized return of 12.3% through the 10-year period that ended this July, which beats the S&P 500's 9.6% annualized return over that same period. As of Tuesday morning, when the financial sector was down about 22% year to date and financial services companies were down about 12%, T. Rowe Price was once again outperforming, up almost 13%.
Source Fool.com
