T. Rowe Price Dividend Growth Fund, Inc.

T. ROWE PRICE DIVIDEND GROWTH FUND, INC. · Series S000002075 · 4 share classes

Equity fund · 99% stocks· rate + credit risk filed
One fund, 4 share classes:PRDGXTADGXPDGIXTRZDX
$22.66B NAV
94 positions · as of 2026-03-31 · filed 2026-05-28
data updated 2026-08-10

Fund profile

As filed in the prospectus · 2026 Q1

The fund seeks dividend income and long-term capital growth primarily through investments in stocks.

Strategy · summarised

The fund invests at least 65% of assets in stocks selected for a track record of dividend increases or expected future dividend growth, favoring large- and mid-cap companies with above-average earnings growth, sound balance sheets, and attractive valuations. The adviser screens for sustainable competitive advantages, leading market positions, and the ability to support rising dividends over time. The fund may concentrate significantly in a single economic sector, which can amplify exposure to sector-specific downturns.

Expenses
0.00% 0.89%across 4 share classes
Share classGrossNetAs of
PRDGX0.64%0.64%2025 Q1
TADGX0.89%0.89%2025 Q1
PDGIX0.50%0.50%2025 Q1
TRZDX0.49%0.00%2025 Q1

Net is what a holder pays after the adviser's contractual waiver; gross is before it. A waiver can expire.

Portfolio turnover 9.70% · as of 2026 Q1

Allocation

Asset groups · long / short shown separately, never netted · 2026 Q1

99.94%
of net assets
Stocks99.13%
Cash & short-term0.81%

Latest quarter

What changed since the fund's previous filing

vs 2025Q4: 5 new5 exited

New: ASTRAZENECA PLC, JNJ, MLM, KKR, GRS - SECURITY LENDING COLLATERAL

Exited: ASTRAZENECA PLC-SPONS ADR, GEHC, ITW, RPM, CI

Return profile

Chart:

Total return as filed — price change plus distributions reinvested · trailing figures to Feb 2026

Share class1-year3-year5-yearVolWorst fall
Cumulative return· Apr 2023 – Feb 2026

Mar 2026 has been filed since the trailing figures were struck, so it is not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.

Debt profile

What this fund holds — value-weighted across its bond and securitized long positions · as of 2026-03-31

Avg coupon
Avg maturity
Flagged holdings
Defaulted: not reported
In arrears: not reported
Paid in kind: not reported

Based on what filers reported; a filer that never reported a flag also reads as none.

Risk profile

Interest-rate and credit-spread sensitivity, both in years · as of 2026Q1

This fund filed the credit-spread disclosure and reported no sensitivity — measured, and the answer is none.

Interest-rate duration
0.00 yr
approx. move per 100bp
Credit-spread duration
0.00 yr
approx. move per 100bp
Investment grade: +0.00 yrHigh yield: +0.00 yr
Show the numbers
TenorRate yrsIG yrsHY yrsIG $/bpHY $/bp
3 mo+0.00+0.00+0.00$0$0
1 yr+0.00+0.00+0.00$0$0
5 yr+0.00+0.00+0.00$0$0
10 yr+0.00+0.00+0.00$0$0
30 yr+0.00+0.00+0.00$0$0

Dollar change per 1bp of spread movement, as filed and sign-anchored. A blank cell was not filed; a zero was.

Holdings

By % of NAV · equity positions carry filed share counts · every resolvable issuer links to its company page

Issuer%NAVValue
APPLE INCAAPL5.15%$1.17B
MICROSOFT CORPMSFT4.42%$1.00B
BROADCOM INCAVGO3.24%$734.11M
J.P. MORGAN CHASE & CO.JPM3.06%$693.43M
VISA INC-CLASS A SHARESV2.60%$590.27M
EXXON MOBIL CORPXOM2.15%$486.30M
CHUBB LTD2.10%$476.61M
GE AerospaceGE2.01%$455.37M
WALMART INCWMT1.88%$426.31M
BANK OF AMERICA CORPBAC1.79%$405.29M
Showing 10 of 94Sign in to see more

Top 10 positions are 28.40% of net assets, top 25 50.13%, across 94 issuers.

See more of this fund's book

More positions with filed share counts, and the quarter-over-quarter change list rather than the largest few — free with an account, no card required.

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