PRDGX Fees and Costs — T. Rowe Price Dividend Growth Fund, Inc.
Data updated: 2026-08-27
The net expense ratio is 0.64%: a 0.48% management fee plus 0.16% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $873K in broker commissions, 0.0036% of average net assets, and portfolio turnover was 10%.
PRDGX Fees and Expenses
Annual operating expenses and sales charges of PRDGX. Prospectus, as of February 25, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.48% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.16% |
| Gross expense ratio | 0.64% |
| Fee waiver | — |
| Net expense ratio | 0.64% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
PRDGX Costs Over Time
On $10,000 invested in PRDGX, assuming 5% a year before costs, total costs come to $405 over 5 years, cutting the return by 0.68% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.64%) | $67 | $210 | $366 |
| Trading costs (broker commissions) | $0 | $1 | $2 |
| Lost growth on money paid in costs | $0 | $10 | $37 |
| Total costs | $68 | $222 | $405 |
| Value after costs | $10,432 | $11,354 | $12,357 |
| Impact on return, per year | 0.68% | 0.68% | 0.68% |
PRDGX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0036%
- Total broker commissions: $873K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 10%
- Securities on loan, average value: $7.1M
- Net income from securities lending: $21 (0.000% of average net assets)
PRDGX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY & CO. LLC | $112K | 16.19% |
| JEFFERIES LLC | $111K | 16.13% |
| RBC Capital Markets, LLC | $94K | 13.55% |
| BOFA SECURITIES, INC. | $93K | 13.46% |
| EVERCORE GROUP L.L.C. | $70K | 10.19% |
| GOLDMAN SACHS & CO. LLC | $56K | 8.11% |
| J.P. MORGAN SECURITIES LLC | $55K | 7.96% |
| TD Securities Ltd. | $39K | 5.67% |
| BMO Capital Markets Corp. | $31K | 4.51% |
| Citigroup Inc. | $29K | 4.22% |
T. Rowe Price Dividend Growth Fund, Inc. Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| TRZDX | Z Class | 0.00% | — |
| PDGIX | I Class | 0.50% | — |
| PRDGX | T. Rowe Price Dividend Growth Fund, Inc. | 0.64% | — |
| TADGX | Advisor Class | 0.89% | — |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.