TRZDX Performance — T. Rowe Price Dividend Growth Fund, Inc., Z Class
Data updated: 2026-08-27
TRZDX returned +9.80% year to date and +17.29% over one year to Jun 2026. Annualised returns are +15.59% over 3 years and +10.93% over 5 years. The fund trailed its US Large Value category average: $100 invested three years ago grew to $154, against $158 for the category, and to $117 over one year, against $121. Volatility over the past three years was 10.90% a year. In the 12 months to Jun 2026 the fund lost a net $2.3B, and assets reached $23.69B.
TRZDX Growth of $100
What $100 invested in T. Rowe Price Dividend Growth Fund, Inc. grew to, compounded from monthly returns reported on SEC Form N-PORT, against the US Large Value category average over the same months.
| Period | TRZDX | Category average |
|---|---|---|
| 1 year (Jul 2025 – Jun 2026) | $117 | $121 |
| 3 years (Jul 2023 – Jun 2026) | $154 | $158 |
| 5 years (Jul 2021 – Jun 2026) | $168 | $165 |
| Since data start (Feb 2021 – Jun 2026) | $187 | $194 |
TRZDX Trailing Returns
Total returns to Jun 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +9.80% |
| 1 year | +17.29% |
| 3 years (annualised) | +15.59% |
| 5 years (annualised) | +10.93% |
TRZDX Annual Returns
Calendar-year total returns of T. Rowe Price Dividend Growth Fund, Inc., compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jun) | +9.80% |
| 2025 | +15.40% |
| 2024 | +14.22% |
| 2023 | +14.37% |
| 2022 | −9.65% |
| 2021 (Feb–Dec) | +24.96% |
TRZDX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +1.8% | +3.5% | −5.4% | +6.0% | +1.7% | +2.3% | — | — | — | — | — | — |
| 2025 | +4.3% | +1.4% | −3.1% | −1.4% | +3.9% | +2.9% | +0.1% | +2.1% | +1.9% | +0.3% | +2.5% | −0.2% |
| 2024 | +0.9% | +4.5% | +2.7% | −3.1% | +3.8% | +1.1% | +2.9% | +2.9% | +0.7% | −2.7% | +5.5% | −5.4% |
| 2023 | +3.4% | −2.7% | +1.5% | +2.1% | −2.9% | +5.9% | +2.8% | −2.1% | −4.0% | −1.3% | +7.9% | +3.7% |
| 2022 | −4.9% | −2.8% | +3.1% | −5.4% | +0.3% | −6.1% | +7.6% | −3.3% | −7.8% | +8.6% | +6.4% | −4.0% |
| 2021 | — | −1.5% | +5.1% | +5.6% | +1.0% | +0.7% | +3.1% | +2.3% | −4.5% | +6.7% | −1.9% | +6.5% |
TRZDX Risk
Risk measures from monthly returns over Jul 2023 – Jun 2026.
- 3-year volatility (annualised): 10.90%
- 3-year Sharpe ratio: 1.02 (vs 4.5% risk-free rate)
- Best month: +7.93% (Nov 2023)
- Worst month: −5.43% (Mar 2026)
TRZDX Fund Flows
Monthly money in and out of T. Rowe Price Dividend Growth Fund, Inc., from SEC Form N-PORT.
- 12-month net flow: −$2.3B
- 12-month gross sales (incl. reinvestments): $4.2B
- Sales ÷ redemptions: 0.64×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jun 2026 | $312.4M | $704.4M | −$392.0M |
| May 2026 | $172.1M | $561.4M | −$389.3M |
| Apr 2026 | $173.5M | $539.5M | −$366.0M |
| Mar 2026 | $227.0M | $434.9M | −$207.9M |
| Feb 2026 | $275.9M | $623.3M | −$347.4M |
| Jan 2026 | $212.1M | $840.4M | −$628.3M |
| Dec 2025 | $1.8B | $582.2M | $1.2B |
| Nov 2025 | $189.6M | $474.8M | −$285.2M |
| Oct 2025 | $164.9M | $476.7M | −$311.7M |
| Sep 2025 | $225.3M | $426.3M | −$200.9M |
| Aug 2025 | $221.3M | $424.4M | −$203.1M |
| Jul 2025 | $226.9M | $411.0M | −$184.0M |
TRZDX Assets Under Management
Net assets of T. Rowe Price Dividend Growth Fund, Inc. by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-06-30 | $23.69B |
| 2026-03-31 | $22.66B |
| 2025-12-31 | $24.01B |
| 2025-09-30 | $24.50B |
| 2025-06-30 | $24.21B |
| 2025-03-31 | $23.53B |
| 2024-12-31 | $24.11B |
| 2024-09-30 | $26.08B |
| 2024-06-30 | $24.76B |
| 2024-03-31 | $24.78B |
| 2023-12-31 | $23.26B |
| 2023-09-30 | $21.23B |
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.