# EDGAR Filing Document

**Accession Number:** 0000894024
**File Stem:** 0000894024-25-000032
**Filing Date:** 2025-8
**Character Count:** 36715
**Document Hash:** 5cb388ff09b98bb79281df9dff2ee451
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000894024-25-000032.hdr.sgml**: 20250826

**ACCESSION NUMBER**: 0000894024-25-000032

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250826

**DATE AS OF CHANGE**: 20250826

**PERIOD START**: 20251231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** T. Rowe Price Dividend Growth Fund, Inc.
- **CENTRAL INDEX KEY:** 0000894024

**ORGANIZATION NAME:**
- **EIN:** 521805594
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-07055
- **FILM NUMBER:** 251256806

**BUSINESS ADDRESS:**
- **STREET 1:** 1307 POINT STREET
- **CITY:** BALTIMORE
- **STATE:** MD
- **ZIP:** 21231
- **BUSINESS PHONE:** 410-345-2000

**MAIL ADDRESS:**
- **STREET 1:** 1307 POINT STREET
- **CITY:** BALTIMORE
- **STATE:** MD
- **ZIP:** 21231

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PRICE T ROWE DIVIDEND GROWTH FUND INC
- **DATE OF NAME CHANGE:** 19921112

## Series and Classes Contracts Data

### T. Rowe Price Dividend Growth Fund, Inc. (Series ID: S000002075)

| Class ID   | Class Name                                       | Ticker Symbol   |
|:---|:---|:---|
| C000005435 | T. Rowe Price Dividend Growth Fund, Inc.         | PRDGX           |
| C000012104 | T. Rowe Price Dividend Growth Fund-Advisor Class | TADGX           |
| C000166314 | T. Rowe Price Dividend Growth Fund-I Class       | PDGIX           |
| C000225815 | T. Rowe Price Dividend Growth Fund-Z Class       | TRZDX           |

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** T. ROWE PRICE DIVIDEND GROWTH FUND, INC.

- **b. Investment Company Act file number:** 811-07055

- **c. CIK number of Registrant:** 0000894024

- **d. LEI of Registrant:** 549300PGS2ACY84CCS85

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 1307 Point Street

  - **City:** Baltimore

  - **State:** MD

  - **Foreign country:** US

  - **Zip / Postal Code:** 21231

  - **Telephone number:** 410-345-2000

**Item A.2. Information about the Series.**

- **a. Name of Series:** T. Rowe Price Dividend Growth Fund, Inc.

- **b. EDGAR series identifier (if any):** S000002075

- **c. LEI of Series:** Q624ZOR0M53IQUZRSL86

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2025-12-31

- **b. Date as of which information is reported:** 2025-06-30

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $24219792412.87

**Total Liabilities:** $12126349.24

**Net Assets:** $24207666063.63

**Cash Not Reported:** $0.14

**Currency Risk Metrics (dv01):**

- 

**Credit Spread Risk - Investment Grade (dv01):**

- **3-Month:** 0.000000 | **1-Year:** 0.000000 | **5-Year:** 0.000000 | **10-Year:** 0.000000 | **30-Year:** 0.000000

**Credit Spread Risk - Non-Investment Grade (dv01):**

- **3-Month:** 0.000000 | **1-Year:** 0.000000 | **5-Year:** 0.000000 | **10-Year:** 0.000000 | **30-Year:** 0.000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000225815 | -1.36%               | 3.92%                | 2.89%                |
| Class ID C000166314 | -1.40%               | 3.88%                | 2.84%                |
| Class ID C000012104 | -1.43%               | 3.84%                | 2.82%                |
| Class ID C000005435 | -1.42%               | 3.87%                | 2.84%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $90260939.18             | $-440106577.94                             |
| Month 2  | $87679424.99             | $771389787.01                              |
| Month 3  | $145073423.13            | $492257673.45                              |

### Schedule of Portfolio Investments

| Name                                      | Title                                     | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)    | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| AbbVie Inc                                | ABBVIE INC                                | CUSIP: 00287Y109<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | EC               | CORP              | US        |   1310401 | NS      | $243236633.62  | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Ameren Corp                               | AMEREN CORP                               | CUSIP: 023608102<br>LEI: XRZQ5S7HYJFPHJ78L959 | Long             | EC               | CORP              | US        |   2770841 | NS      | $266111569.64  | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| American Express Co                       | AMERICAN EXPRESS CO                       | CUSIP: 025816109<br>LEI: R4PP93JZOLY261QX3811 | Long             | EC               | CORP              | US        |   1125774 | NS      | $359099390.52  | 1.48%             |  |  |  | No            |                  1 | On Loan: No      |
| American Tower Corp                       | AMERICAN TOWER CORP                       | CUSIP: 03027X100<br>LEI: 5493006ORUSIL88JOE18 | Long             | EC               | CORP              | US        |   1004085 | NS      | $221922866.70  | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Amphenol Corp                             | AMPHENOL CORP                             | CUSIP: 032095101<br>LEI: 549300D3L3G0R4U4VT04 | Long             | EC               | CORP              | US        |   3561256 | NS      | $351674030.00  | 1.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Analog Devices Inc                        | ANALOG DEVICES INC                        | CUSIP: 032654105<br>LEI: GYVOE5EZ4GDAVTU4CQ61 | Long             | EC               | CORP              | US        |   1224400 | NS      | $291431688.00  | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Elevance Health Inc                       | ELEVANCE HEALTH INC                       | CUSIP: 036752103<br>LEI: 8MYN82XMYQH89CTMTH67 | Long             | EC               | CORP              | US        |    351433 | NS      | $136693379.68  | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Apple Inc                                 | APPLE INC                                 | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |   4726239 | NS      | $969682455.63  | 4.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Applied Materials Inc                     | APPLIED MATERIALS INC                     | CUSIP: 038222105<br>LEI: 41BNNE1AFPNAZELZ6K07 | Long             | EC               | CORP              | US        |    936829 | NS      | $171505285.03  | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| AstraZeneca PLC                           | ASTRAZENECA PLC                           | CUSIP: 046353108<br>LEI: PY6ZZQWO2IZFZC3IOL08 | Long             | EC               | CORP              | GB        |   3238744 | NS      | $226323430.72  | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Atmos Energy Corp                         | ATMOS ENERGY CORP                         | CUSIP: 049560105<br>LEI: QVLWEGTD2S8GJMO8D383 | Long             | EC               | CORP              | US        |   1179183 | NS      | $181723892.13  | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Automatic Data Processing Inc             | AUTOMATIC DATA PROCESSING INC             | CUSIP: 053015103<br>LEI: HGBOLILQXWER4SAL2I23 | Long             | EC               | CORP              | US        |    505300 | NS      | $155834520.00  | 0.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Avery Dennison Corp                       | AVERY DENNISON CORP                       | CUSIP: 053611109<br>LEI: 549300PW7VPFCYKLIV37 | Long             | EC               | CORP              | US        |    721930 | NS      | $126677057.10  | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of America Corp                      | BANK OF AMERICA CORP                      | CUSIP: 060505104<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EC               | CORP              | US        |   8348897 | NS      | $395069806.04  | 1.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Becton Dickinson & Co                     | BECTON DICKINSON & CO                     | CUSIP: 075887109<br>LEI: ICE2EP6D98PQUILVRZ91 | Long             | EC               | CORP              | US        |    722492 | NS      | $124449247.00  | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Booz Allen Hamilton Holding Corp          | BOOZ ALLEN HAMILTON HOLDING CORP          | CUSIP: 099502106<br>LEI: 529900JPV47PIUWMA015 | Long             | EC               | CORP              | US        |    184500 | NS      | $19211985.00   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Broadridge Financial Solutions Inc        | BROADRIDGE FINANCIAL SOLUTIONS INC        | CUSIP: 11133T103<br>LEI: 549300KZDJZQ2YIHRC28 | Long             | EC               | CORP              | US        |   1186666 | NS      | $288395437.98  | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Broadcom Inc                              | BROADCOM INC                              | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |   2165400 | NS      | $596892510.00  | 2.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Cigna Group/The                           | CIGNA GROUP/THE                           | CUSIP: 125523100<br>LEI: 549300VIWYMSIGT1U456 | Long             | EC               | CORP              | US        |    312335 | NS      | $103251704.30  | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| CMS Energy Corp                           | CMS ENERGY CORP                           | CUSIP: 125896100<br>LEI: 549300IA9XFBAGNIBW29 | Long             | EC               | CORP              | US        |   2490641 | NS      | $172551608.48  | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| CSX Corp                                  | CSX CORP                                  | CUSIP: 126408103<br>LEI: 549300JVQR4N1MMP3Q88 | Long             | EC               | CORP              | US        |   4215300 | NS      | $137545239.00  | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Coca-Cola Co/The                          | COCA-COLA CO/THE                          | CUSIP: 191216100<br>LEI: UWJKFUJFZ02DKWI3RY53 | Long             | EC               | CORP              | US        |   4440121 | NS      | $314138560.75  | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Colgate-Palmolive Co                      | COLGATE-PALMOLIVE CO                      | CUSIP: 194162103<br>LEI: YMEGZFW4SBUSS5BQXF88 | Long             | EC               | CORP              | US        |   2809586 | NS      | $255391367.40  | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| ConocoPhillips                            | CONOCOPHILLIPS                            | CUSIP: 20825C104<br>LEI: WPTL2Z3FIYTHSP5V2253 | Long             | EC               | CORP              | US        |   2399300 | NS      | $215313182.00  | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Costco Wholesale Corp                     | COSTCO WHOLESALE CORP                     | CUSIP: 22160K105<br>LEI: 29DX7H14B9S6O3FD6V18 | Long             | EC               | CORP              | US        |    138329 | NS      | $136937410.26  | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Danaher Corp                              | DANAHER CORP                              | CUSIP: 235851102<br>LEI: S4BKK9OTCEWQ3YHPFM11 | Long             | EC               | CORP              | US        |   1078393 | NS      | $213025753.22  | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Deere & Co                                | DEERE & CO                                | CUSIP: 244199105<br>LEI: PWFTNG3EI0Y73OXWDH08 | Long             | EC               | CORP              | US        |    496500 | NS      | $252465285.00  | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| EOG Resources Inc                         | EOG RESOURCES INC                         | CUSIP: 26875P101<br>LEI: XWTZDRYZPBUHIQBKDB46 | Long             | EC               | CORP              | US        |   1163259 | NS      | $139137408.99  | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| EQT Corp                                  | EQT CORP                                  | CUSIP: 26884L109<br>LEI: 4NT01YGM4X7ZX86ISY52 | Long             | EC               | CORP              | US        |   2149600 | NS      | $125364672.00  | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Equity Residential                        | EQUITY RESIDENTIAL                        | CUSIP: 29476L107<br>LEI: 5493008RACSH5EP3PI59 | Long             | EC               | CORP              | US        |   3614790 | NS      | $243962177.10  | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Exxon Mobil Corp                          | EXXON MOBIL CORP                          | CUSIP: 30231G102<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | EC               | CORP              | US        |   2909808 | NS      | $313677302.40  | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| GE HealthCare Technologies Inc            | GE HEALTHCARE TECHNOLOGIES INC            | CUSIP: 36266G107<br>LEI: 549300OI9J7XOWZMUN85 | Long             | EC               | CORP              | US        |   1253039 | NS      | $92812598.73   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| GE Vernova Inc                            | GE VERNOVA INC                            | CUSIP: 36828A101<br>LEI: 254900DP080RU6OK2553 | Long             | EC               | CORP              | US        |    224558 | NS      | $118824865.70  | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| General Electric Co                       | GENERAL ELECTRIC CO                       | CUSIP: 369604301<br>LEI: 3C7474T6CDKPR9K6YT90 | Long             | EC               | CORP              | US        |   2164832 | NS      | $557206108.48  | 2.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Gilead Sciences Inc                       | GILEAD SCIENCES INC                       | CUSIP: 375558103<br>LEI: 549300WTZWR07K8MNV44 | Long             | EC               | CORP              | US        |   1220795 | NS      | $135349541.65  | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs Group Inc/The               | GOLDMAN SACHS GROUP INC/THE               | CUSIP: 38141G104<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | EC               | CORP              | US        |    226950 | NS      | $160623862.50  | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Hartford Insurance Group Inc/The          | HARTFORD INSURANCE GROUP INC/THE          | CUSIP: 416515104<br>LEI: IU7C3FTM7Y3BQM112U94 | Long             | EC               | CORP              | US        |   1316170 | NS      | $166982487.90  | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Hilton Worldwide Holdings Inc             | HILTON WORLDWIDE HOLDINGS INC             | CUSIP: 43300A203<br>LEI: 549300HVGPK36ICB0B89 | Long             | EC               | CORP              | US        |   1170703 | NS      | $311805037.02  | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Home Depot Inc/The                        | HOME DEPOT INC/THE                        | CUSIP: 437076102<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | EC               | CORP              | US        |    889475 | NS      | $326117114.00  | 1.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Honeywell International Inc               | HONEYWELL INTERNATIONAL INC               | CUSIP: 438516106<br>LEI: ISRPG12PN4EIEOEMW547 | Long             | EC               | CORP              | US        |   1132450 | NS      | $263724956.00  | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Howmet Aerospace Inc                      | HOWMET AEROSPACE INC                      | CUSIP: 443201108<br>LEI: 549300HO5WFZUT5N2T22 | Long             | EC               | CORP              | US        |   1759571 | NS      | $327508950.23  | 1.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Illinois Tool Works Inc                   | ILLINOIS TOOL WORKS INC                   | CUSIP: 452308109<br>LEI: 76NA4I14SZCFAYMNSV04 | Long             | EC               | CORP              | US        |    289090 | NS      | $71477502.50   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Intuit Inc                                | INTUIT INC                                | CUSIP: 461202103<br>LEI: VI90HBPH7XSFMB9E4M29 | Long             | EC               | CORP              | US        |    199000 | NS      | $156738370.00  | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan Chase & Co                       | JPMORGAN CHASE & CO                       | CUSIP: 46625H100<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EC               | CORP              | US        |   2538248 | NS      | $735863477.68  | 3.04%             |  |  |  | No            |                  1 | On Loan: No      |
| KLA Corp                                  | KLA CORP                                  | CUSIP: 482480100<br>LEI: 549300H0BF5JCG96TJ81 | Long             | EC               | CORP              | US        |    360064 | NS      | $322523727.36  | 1.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Schneider Electric SE                     | SCHNEIDER ELECTRIC SE                     | CUSIP: 000000000<br>LEI: 969500A1YF1XUYYXS284 | Long             | EC               | CORP              | FR        |    664631 | NS      | $178443385.30  | 0.74%             |  |  |  | No            |                  2 | On Loan: No      |
| Kenvue Inc                                | KENVUE INC                                | CUSIP: 49177J102<br>LEI: 5493008HSF8L4M2LIJ82 | Long             | EC               | CORP              | US        |  11759953 | NS      | $246135816.29  | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Eli Lilly & Co                            | ELI LILLY & CO                            | CUSIP: 532457108<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | EC               | CORP              | US        |    474440 | NS      | $369840213.20  | 1.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Marsh & McLennan Cos Inc                  | MARSH & MCLENNAN COS INC                  | CUSIP: 571748102<br>LEI: 549300XMP3KDCKJXIU47 | Long             | EC               | CORP              | US        |   1838385 | NS      | $401944496.40  | 1.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Marriott International Inc/MD             | MARRIOTT INTERNATIONAL INC/MD             | CUSIP: 571903202<br>LEI: 225YDZ14ZO8E1TXUSU86 | Long             | EC               | CORP              | US        |    260853 | NS      | $71267648.13   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| McDonald s Corp                           | MCDONALD'S CORP                           | CUSIP: 580135101<br>LEI: UE2136O97NLB5BYP9H04 | Long             | EC               | CORP              | US        |    814075 | NS      | $237848292.75  | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| McKesson Corp                             | MCKESSON CORP                             | CUSIP: 58155Q103<br>LEI: 549300WZWOM80UCFSF54 | Long             | EC               | CORP              | US        |    424390 | NS      | $310984504.20  | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| MetLife Inc                               | METLIFE INC                               | CUSIP: 59156R108<br>LEI: C4BXATY60WC6XEOZDX54 | Long             | EC               | CORP              | US        |    782700 | NS      | $62944734.00   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Microsoft Corp                            | MICROSOFT CORP                            | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |   3288305 | NS      | $1635635790.05 | 6.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Mondelez International Inc                | MONDELEZ INTERNATIONAL INC                | CUSIP: 609207105<br>LEI: 549300DV9GIB88LZ5P30 | Long             | EC               | CORP              | US        |   3249051 | NS      | $219115999.44  | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                            | MORGAN STANLEY                            | CUSIP: 617446448<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | EC               | CORP              | US        |   2274509 | NS      | $320387337.74  | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| NextEra Energy Inc                        | NEXTERA ENERGY INC                        | CUSIP: 65339F101<br>LEI: 254900RHL9MEUS5NKX63 | Long             | EC               | CORP              | US        |   2073178 | NS      | $143920016.76  | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| NIKE Inc                                  | NIKE INC                                  | CUSIP: 654106103<br>LEI: 787RXPR0UX0O0XUXPZ81 | Long             | EC               | CORP              | US        |   1307399 | NS      | $92877624.96   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Northrop Grumman Corp                     | NORTHROP GRUMMAN CORP                     | CUSIP: 666807102<br>LEI: RIMU48P07456QXSO0R61 | Long             | EC               | CORP              | US        |    490268 | NS      | $245124194.64  | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Old Dominion Freight Line Inc             | OLD DOMINION FREIGHT LINE INC             | CUSIP: 679580100<br>LEI: 5299009TWK32WE417T96 | Long             | EC               | CORP              | US        |    833850 | NS      | $135333855.00  | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Otis Worldwide Corp                       | OTIS WORLDWIDE CORP                       | CUSIP: 68902V107<br>LEI: 549300ZLBKR8VSU25153 | Long             | EC               | CORP              | US        |    677473 | NS      | $67083376.46   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Philip Morris International Inc           | PHILIP MORRIS INTERNATIONAL INC           | CUSIP: 718172109<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | EC               | CORP              | US        |   1559700 | NS      | $284068161.00  | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Progressive Corp/The                      | PROGRESSIVE CORP/THE                      | CUSIP: 743315103<br>LEI: 529900TACNVLY9DCR586 | Long             | EC               | CORP              | US        |   1064438 | NS      | $284055924.68  | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| QUALCOMM Inc                              | QUALCOMM INC                              | CUSIP: 747525103<br>LEI: H1J8DDZKZP6H7RWC0H53 | Long             | EC               | CORP              | US        |    749248 | NS      | $119325236.48  | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Quest Diagnostics Inc                     | QUEST DIAGNOSTICS INC                     | CUSIP: 74834L100<br>LEI: 8MCWUBXQ0WE04KMXBX50 | Long             | EC               | CORP              | US        |   1040000 | NS      | $186815200.00  | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| RPM International Inc                     | RPM INTERNATIONAL INC                     | CUSIP: 749685103<br>LEI: 549300TJCKW4BRXPJ474 | Long             | EC               | CORP              | US        |    612546 | NS      | $67282052.64   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| T. Rowe Price Government Reserve Fund     | T. Rowe Price Government Reserve Fund     | CUSIP: 76105Y109<br>LEI: 5493002Y0IYARJVQ5N24 | Long             | STIV             | RF                | US        | 332963451 | NS      | $332963451.42  | 1.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Rockwell Automation Inc                   | ROCKWELL AUTOMATION INC                   | CUSIP: 773903109<br>LEI: VH3R4HHBHH12O0EXZJ88 | Long             | EC               | CORP              | US        |    456200 | NS      | $151535954.00  | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Roper Technologies Inc                    | ROPER TECHNOLOGIES INC                    | CUSIP: 776696106<br>LEI: 54930003T4SXCIWVXY35 | Long             | EC               | CORP              | US        |    558457 | NS      | $316555765.88  | 1.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Ross Stores Inc                           | ROSS STORES INC                           | CUSIP: 778296103<br>LEI: 549300ENZFLPGRDFZQ60 | Long             | EC               | CORP              | US        |   2098184 | NS      | $267686314.72  | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| S&P Global Inc                            | S&P GLOBAL INC                            | CUSIP: 78409V104<br>LEI: Y6X4K52KMJMZE7I7MY94 | Long             | EC               | CORP              | US        |    330852 | NS      | $174454951.08  | 0.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Schlumberger NV                           | SCHLUMBERGER NV                           | CUSIP: 806857108<br>LEI: 213800ZUA17OK3QLGM62 | Long             | EC               | CORP              | CW        |   3873100 | NS      | $130910780.00  | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Charles Schwab Corp/The                   | CHARLES SCHWAB CORP/THE                   | CUSIP: 808513105<br>LEI: 549300VSGCJ7E698NM85 | Long             | EC               | CORP              | US        |   3829446 | NS      | $349398653.04  | 1.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Sherwin-Williams Co/The                   | SHERWIN-WILLIAMS CO/THE                   | CUSIP: 824348106<br>LEI: Z15BMIOX8DDH0X2OBP21 | Long             | EC               | CORP              | US        |    661289 | NS      | $227060191.04  | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Stanley Black & Decker Inc                | STANLEY BLACK & DECKER INC                | CUSIP: 854502101<br>LEI: 549300DJ09SMTO561131 | Long             | EC               | CORP              | US        |    846194 | NS      | $57329643.50   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Stryker Corp                              | STRYKER CORP                              | CUSIP: 863667101<br>LEI: 5493002F0SC4JTBU5137 | Long             | EC               | CORP              | US        |    717432 | NS      | $283837622.16  | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| T-Mobile US Inc                           | T-MOBILE US INC                           | CUSIP: 872590104<br>LEI: 549300QHIJYOHPACPG31 | Long             | EC               | CORP              | US        |   1083000 | NS      | $258035580.00  | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Taiwan Semiconductor Manufacturing Co Ltd | TAIWAN SEMICONDUCTOR MANUFACTURING CO LTD | CUSIP: 874039100<br>LEI: 549300KB6NK5SBD14S87 | Long             | EC               | CORP              | TW        |    692700 | NS      | $156889623.00  | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Texas Instruments Inc                     | TEXAS INSTRUMENTS INC                     | CUSIP: 882508104<br>LEI: WDJNR2L6D8RWOEB8T652 | Long             | EC               | CORP              | US        |    901988 | NS      | $187270748.56  | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Thermo Fisher Scientific Inc              | THERMO FISHER SCIENTIFIC INC              | CUSIP: 883556102<br>LEI: HCHV7422L5HDJZCRFL38 | Long             | EC               | CORP              | US        |    558729 | NS      | $226542260.34  | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Tractor Supply Co                         | TRACTOR SUPPLY CO                         | CUSIP: 892356106<br>LEI: 549300OJ9VZHZRO6I137 | Long             | EC               | CORP              | US        |   1818800 | NS      | $95978076.00   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Union Pacific Corp                        | UNION PACIFIC CORP                        | CUSIP: 907818108<br>LEI: 549300LMMRSZZCZ8CL11 | Long             | EC               | CORP              | US        |   1013254 | NS      | $233129480.32  | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| UnitedHealth Group Inc                    | UNITEDHEALTH GROUP INC                    | CUSIP: 91324P102<br>LEI: 549300GHBMY8T5GXDE41 | Long             | EC               | CORP              | US        |    647789 | NS      | $202090734.33  | 0.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Visa Inc                                  | VISA INC                                  | CUSIP: 92826C839<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | EC               | CORP              | US        |   1983139 | NS      | $704113501.95  | 2.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Walmart Inc                               | WALMART INC                               | CUSIP: 931142103<br>LEI: Y87794H0US1R65VBXU25 | Long             | EC               | CORP              | US        |   4161364 | NS      | $406898171.92  | 1.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Waste Connections Inc                     | WASTE CONNECTIONS INC                     | CUSIP: 94106B101<br>LEI: 549300HDLRTPBQU69P29 | Long             | EC               | CORP              | CA        |   1344372 | NS      | $251021139.84  | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Wells Fargo & Co                          | WELLS FARGO & CO                          | CUSIP: 949746101<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | EC               | CORP              | US        |   2454006 | NS      | $196614960.72  | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Williams Cos Inc/The                      | WILLIAMS COS INC/THE                      | CUSIP: 969457100<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | EC               | CORP              | US        |   2121200 | NS      | $133232572.00  | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Yum  Brands Inc                           | YUM! BRANDS INC                           | CUSIP: 988498101<br>LEI: 549300JE8XHZZ7OHN517 | Long             | EC               | CORP              | US        |    900361 | NS      | $133415492.98  | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Zoetis Inc                                | ZOETIS INC                                | CUSIP: 98978V103<br>LEI: 549300HD9Q1LOC9KLJ48 | Long             | EC               | CORP              | US        |    225421 | NS      | $35154404.95   | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Chubb Ltd                                 | CHUBB LTD                                 | CUSIP: 000000000<br>LEI: E0JAN6VLUDI1HITHT809 | Long             | EC               | CORP              | CH        |   1593022 | NS      | $461530333.84  | 1.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Accenture PLC                             | ACCENTURE PLC                             | CUSIP: 000000000<br>LEI: 5493000EWHDSR3MZWH98 | Long             | EC               | CORP              | IE        |    950690 | NS      | $284151734.10  | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Trane Technologies PLC                    | TRANE TECHNOLOGIES PLC                    | CUSIP: 000000000<br>LEI: 549300BURLR9SLYY2705 | Long             | EC               | CORP              | IE        |    419424 | NS      | $183460251.84  | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Aon PLC                                   | AON PLC                                   | CUSIP: 000000000<br>LEI: 635400FALWQYX5E6QC64 | Long             | EC               | CORP              | IE        |    216747 | NS      | $77326659.72   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Linde PLC                                 | LINDE PLC                                 | CUSIP: 000000000<br>LEI: 5299003QR1WT0EF88V51 | Long             | EC               | CORP              | IE        |    706821 | NS      | $331626276.78  | 1.37%             |  |  |  | No            |                  1 | On Loan: No      |
| TE Connectivity PLC                       | TE CONNECTIVITY PLC                       | CUSIP: 000000000<br>LEI: 6367003TB6K484NFHE54 | Long             | EC               | CORP              | IE        |    967864 | NS      | $163249620.88  | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-08-04

**Name of Applicant:** T. ROWE PRICE DIVIDEND GROWTH FUND, INC.

**Signature:** /s/ Alan Dupski

**Name of Signer:** Alan Dupski

**Title:** Treasurer & Vice President