# EDGAR Filing Document

**Accession Number:** 0000894024
**File Stem:** 0000894024-23-000010
**Filing Date:** 2023-2
**Character Count:** 42247
**Document Hash:** 15884fcf8c12fe23c7017d6f1cd7a90e
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000894024-23-000010.hdr.sgml**: 20230224

**ACCESSION NUMBER**: 0000894024-23-000010

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230224

**DATE AS OF CHANGE**: 20230224

**PERIOD START**: 20221231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** T. Rowe Price Dividend Growth Fund, Inc.
- **CENTRAL INDEX KEY:** 0000894024
- **IRS NUMBER:** 521805594
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-07055
- **FILM NUMBER:** 23667541

**BUSINESS ADDRESS:**
- **STREET 1:** 100 EAST PRATT STREET
- **CITY:** BALTIMORE
- **STATE:** MD
- **ZIP:** 21202
- **BUSINESS PHONE:** 410-345-2000

**MAIL ADDRESS:**
- **STREET 1:** 100 EAST PRATT STREET
- **CITY:** BALTIMORE
- **STATE:** MD
- **ZIP:** 21202

**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:** 100 East Pratt Street

  - **City:** Baltimore

  - **State:** MD

  - **Foreign country:** US

  - **Zip / Postal Code:** 21202

  - **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:** 2022-12-31

- **b. Date as of which information is reported:** 2022-12-31

**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:** $20624187161.61

**Total Liabilities:** $75083496.51

**Net Assets:** $20549103665.10

**Cash Not Reported:** $5761442.96

**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 C000012104 | 8.47%                | 6.34%                | -4.03%               |
| Class ID C000005435 | 8.49%                | 6.36%                | -4.02%               |
| Class ID C000225815 | 8.56%                | 6.42%                | -3.97%               |
| Class ID C000166314 | 8.52%                | 6.36%                | -4.00%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $88170914.21             | $1462501676.44                             |
| Month 2  | $50730798.38             | $1197112403.59                             |
| Month 3  | $21032384.88             | $-908977650.30                             |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Linde PLC                                       | LINDE PLC                                                    | CUSIP: 000000000<br>LEI: 8945002PAZHZLBGKGF02 | Long             | EC               | CORP              | IE        |    655286 | NS      | $213741187.48 | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Medtronic PLC                                   | MEDTRONIC PLC                                                | CUSIP: 000000000<br>LEI: 549300GX3ZBSQWUXY261 | Long             | EC               | CORP              | IE        |    766691 | NS      | $59587224.52  | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Aon PLC                                         | AON PLC                                                      | CUSIP: 000000000<br>LEI: 635400FALWQYX5E6QC64 | Long             | EC               | CORP              | IE        |    655981 | NS      | $196886137.34 | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Trane Technologies PLC                          | TRANE TECHNOLOGIES PLC                                       | CUSIP: 000000000<br>LEI: 549300BURLR9SLYY2705 | Long             | EC               | CORP              | IE        |    676000 | NS      | $113628840.00 | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Dr Ing hc F Porsche AG                          | DR ING HC F PORSCHE AG                                       | CUSIP: 000000000<br>LEI: 529900EWEX125AULXI58 | Long             | EP               | CORP              | DE        |    596424 | NS      | $60187262.61  | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| TE Connectivity Ltd                             | TE CONNECTIVITY LTD                                          | CUSIP: 000000000<br>LEI: 894500ZRIX9K13RHXR17 | Long             | EC               | CORP              | CH        |   1366791 | NS      | $156907606.80 | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Accenture PLC                                   | ACCENTURE PLC                                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | IE        |   1279297 | NS      | $341367611.48 | 1.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Chubb Ltd                                       | CHUBB LTD                                                    | CUSIP: 000000000<br>LEI: E0JAN6VLUDI1HITHT809 | Long             | EC               | CORP              | CH        |   1847799 | NS      | $407624459.40 | 1.98%             |  |  |  | No            |                  1 | On Loan: No      |
| TotalEnergies SE                                | TOTALENERGIES SE                                             | CUSIP: 000000000<br>LEI: 529900S21EQ1BO4ESM68 | Long             | EC               | CORP              | FR        |   2076355 | NS      | $130339454.92 | 0.63%             |  |  |  | No            |                  2 | On Loan: No      |
| Zoetis Inc                                      | ZOETIS INC                                                   | CUSIP: 98978V103<br>LEI: 549300HD9Q1LOC9KLJ48 | Long             | EC               | CORP              | US        |   1145020 | NS      | $167802681.00 | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Yum  Brands Inc                                 | YUM! BRANDS INC                                              | CUSIP: 988498101<br>LEI: 549300JE8XHZZ7OHN517 | Long             | EC               | CORP              | US        |    904258 | NS      | $115817364.64 | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Wells Fargo & Co                                | WELLS FARGO & CO                                             | CUSIP: 949746101<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | EC               | CORP              | US        |   4815940 | NS      | $198850162.60 | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Waste Connections Inc                           | WASTE CONNECTIONS INC                                        | CUSIP: 94106B101<br>LEI: 549300HDLRTPBQU69P29 | Long             | EC               | CORP              | CA        |   1591824 | NS      | $211012189.44 | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Walmart Inc                                     | WALMART INC                                                  | CUSIP: 931142103<br>LEI: Y87794H0US1R65VBXU25 | Long             | EC               | CORP              | US        |   1233800 | NS      | $174940502.00 | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| WEC Energy Group Inc                            | WEC ENERGY GROUP INC                                         | CUSIP: 92939U106<br>LEI: 549300IGLYTZUK3PVP70 | Long             | EC               | CORP              | US        |   1292200 | NS      | $121156672.00 | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Visa Inc                                        | VISA INC                                                     | CUSIP: 92826C839<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | EC               | CORP              | US        |   1828998 | NS      | $379992624.48 | 1.85%             |  |  |  | No            |                  1 | On Loan: No      |
| UnitedHealth Group Inc                          | UNITEDHEALTH GROUP INC                                       | CUSIP: 91324P102<br>LEI: 549300GHBMY8T5GXDE41 | Long             | EC               | CORP              | US        |   1084089 | NS      | $574762306.02 | 2.80%             |  |  |  | No            |                  1 | On Loan: No      |
| United Parcel Service Inc                       | UNITED PARCEL SERVICE INC                                    | CUSIP: 911312106<br>LEI: D01LMJZU09ULLNCY6Z23 | Long             | EC               | CORP              | US        |    671536 | NS      | $116739818.24 | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Union Pacific Corp                              | UNION PACIFIC CORP                                           | CUSIP: 907818108<br>LEI: 549300LMMRSZZCZ8CL11 | Long             | EC               | CORP              | US        |   1000797 | NS      | $207235034.79 | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Tractor Supply Co                               | TRACTOR SUPPLY CO                                            | CUSIP: 892356106<br>LEI: 549300OJ9VZHZRO6I137 | Long             | EC               | CORP              | US        |    371495 | NS      | $83575230.15  | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Thermo Fisher Scientific Inc                    | THERMO FISHER SCIENTIFIC INC                                 | CUSIP: 883556102<br>LEI: HCHV7422L5HDJZCRFL38 | Long             | EC               | CORP              | US        |    636802 | NS      | $350680493.38 | 1.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Texas Instruments Inc                           | TEXAS INSTRUMENTS INC                                        | CUSIP: 882508104<br>LEI: WDJNR2L6D8RWOEB8T652 | Long             | EC               | CORP              | US        |   1595476 | NS      | $263604544.72 | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Stryker Corp                                    | STRYKER CORP                                                 | CUSIP: 863667101<br>LEI: 5493002F0SC4JTBU5137 | Long             | EC               | CORP              | US        |    941086 | NS      | $230086116.14 | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Stanley Black & Decker Inc                      | STANLEY BLACK & DECKER INC                                   | CUSIP: 854502101<br>LEI: 549300DJ09SMTO561131 | Long             | EC               | CORP              | US        |    933800 | NS      | $70147056.00  | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Sherwin-Williams Co/The                         | SHERWIN-WILLIAMS CO/THE                                      | CUSIP: 824348106<br>LEI: Z15BMIOX8DDH0X2OBP21 | Long             | EC               | CORP              | US        |    807389 | NS      | $191617631.37 | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Charles Schwab Corp/The                         | CHARLES SCHWAB CORP/THE                                      | CUSIP: 808513105<br>LEI: 549300VSGCJ7E698NM85 | Long             | EC               | CORP              | US        |   3389010 | NS      | $282168972.60 | 1.37%             |  |  |  | No            |                  1 | On Loan: No      |
| S&P Global Inc                                  | S&P GLOBAL INC                                               | CUSIP: 78409V104<br>LEI: Y6X4K52KMJMZE7I7MY94 | Long             | EC               | CORP              | US        |    291418 | NS      | $97607544.92  | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Ross Stores Inc                                 | ROSS STORES INC                                              | CUSIP: 778296103<br>LEI: 549300ENZFLPGRDFZQ60 | Long             | EC               | CORP              | US        |   2663830 | NS      | $309190748.10 | 1.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Roper Technologies Inc                          | ROPER TECHNOLOGIES INC                                       | CUSIP: 776696106<br>LEI: 54930003T4SXCIWVXY35 | Long             | EC               | CORP              | US        |    669516 | NS      | $289291168.44 | 1.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Rockwell Automation Inc                         | ROCKWELL AUTOMATION INC                                      | CUSIP: 773903109<br>LEI: VH3R4HHBHH12O0EXZJ88 | Long             | EC               | CORP              | US        |     37600 | NS      | $9684632.00   | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Rexford Industrial Realty Inc                   | REXFORD INDUSTRIAL REALTY INC                                | CUSIP: 76169C100<br>LEI: 549300MSLO0DF0EMX355 | Long             | EC               | CORP              | US        |   2014041 | NS      | $110047200.24 | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| T Rowe Price Government Reserve Investment Fund | T ROWE PRICE GOVERNMENT RESERVE INVESTMENT FUND - Collateral | CUSIP: 76105YYY8<br>LEI: 5493007QR86JJLYO6D96 | Long             | STIV             | RF                | US        |  38931455 | NS      | $38931455.00  | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| T Rowe Price Government Reserve Investment Fund | T ROWE PRICE GOVERNMENT RESERVE INVESTMENT FUND              | CUSIP: 76105Y109<br>LEI: 5493007QR86JJLYO6D96 | Long             | STIV             | RF                | US        | 851188988 | NS      | $851188987.57 | 4.14%             |  |  |  | No            |                  1 | On Loan: No      |
| RPM International Inc                           | RPM INTERNATIONAL INC                                        | CUSIP: 749685103<br>LEI: 549300TJCKW4BRXPJ474 | Long             | EC               | CORP              | US        |    918869 | NS      | $89543784.05  | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| QUALCOMM Inc                                    | QUALCOMM INC                                                 | CUSIP: 747525103<br>LEI: H1J8DDZKZP6H7RWC0H53 | Long             | EC               | CORP              | US        |    530725 | NS      | $58347906.50  | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Progressive Corp/The                            | PROGRESSIVE CORP/THE                                         | CUSIP: 743315103<br>LEI: 529900TACNVLY9DCR586 | Long             | EC               | CORP              | US        |    940693 | NS      | $122017289.03 | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Philip Morris International Inc                 | PHILIP MORRIS INTERNATIONAL INC                              | CUSIP: 718172109<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | EC               | CORP              | US        |   2618587 | NS      | $265027190.27 | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| PepsiCo Inc                                     | PEPSICO INC                                                  | CUSIP: 713448108<br>LEI: FJSUNZKFNQ5YPJ5OT455 | Long             | EC               | CORP              | US        |   1359402 | NS      | $245589565.32 | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Nestle SA                                       | NESTLE SA                                                    | CUSIP: 000000000<br>LEI: KY37LUS27QQX7BB93L28 | Long             | EC               | CORP              | CH        |    781484 | NS      | $90268774.56  | 0.44%             |  |  |  | No            |                  2 | On Loan: No      |
| Otis Worldwide Corp                             | OTIS WORLDWIDE CORP                                          | CUSIP: 68902V107<br>LEI: 549300ZLBKR8VSU25153 | Long             | EC               | CORP              | US        |   1130667 | NS      | $88542532.77  | 0.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Old Dominion Freight Line Inc                   | OLD DOMINION FREIGHT LINE INC                                | CUSIP: 679580100<br>LEI: 5299009TWK32WE417T96 | Long             | EC               | CORP              | US        |    384500 | NS      | $109113410.00 | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Nutrien Ltd                                     | NUTRIEN LTD                                                  | CUSIP: 67077M108<br>LEI: 5493002QQ7GD21OWF963 | Long             | EC               | CORP              | CA        |   1410100 | NS      | $102979603.00 | 0.50%             |  |  |  | No            |                  1 | On Loan: —       |
| Northrop Grumman Corp                           | NORTHROP GRUMMAN CORP                                        | CUSIP: 666807102<br>LEI: RIMU48P07456QXSO0R61 | Long             | EC               | CORP              | US        |    411880 | NS      | $224725846.80 | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| NIKE Inc                                        | NIKE INC                                                     | CUSIP: 654106103<br>LEI: 787RXPR0UX0O0XUXPZ81 | Long             | EC               | CORP              | US        |   1114889 | NS      | $130453161.89 | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| NextEra Energy Inc                              | NEXTERA ENERGY INC                                           | CUSIP: 65339F101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   1936178 | NS      | $161864480.80 | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                                  | MORGAN STANLEY                                               | CUSIP: 617446448<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | EC               | CORP              | US        |   2595082 | NS      | $220633871.64 | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Mondelez International Inc                      | MONDELEZ INTERNATIONAL INC                                   | CUSIP: 609207105<br>LEI: 549300DV9GIB88LZ5P30 | Long             | EC               | CORP              | US        |   4335074 | NS      | $288932682.10 | 1.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Microchip Technology Inc                        | MICROCHIP TECHNOLOGY INC                                     | CUSIP: 595017104<br>LEI: 5493007PTFULNYZJ1R12 | Long             | EC               | CORP              | US        |   1540284 | NS      | $108204951.00 | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Microsoft Corp                                  | MICROSOFT CORP                                               | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |   3610333 | NS      | $865830060.06 | 4.21%             |  |  |  | No            |                  1 | On Loan: No      |
| McDonald s Corp                                 | MCDONALD'S CORP                                              | CUSIP: 580135101<br>LEI: UE2136O97NLB5BYP9H04 | Long             | EC               | CORP              | US        |    879338 | NS      | $231731943.14 | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| McCormick & Co Inc/MD                           | MCCORMICK & CO INC/MD                                        | CUSIP: 579780206<br>LEI: 549300JQQA6MQ4OJP259 | Long             | EC               | CORP              | US        |    644467 | NS      | $53419869.63  | 0.26%             |  |  |  | No            |                  1 | On Loan: —       |
| Marriott International Inc/MD                   | MARRIOTT INTERNATIONAL INC/MD                                | CUSIP: 571903202<br>LEI: 225YDZ14ZO8E1TXUSU86 | Long             | EC               | CORP              | US        |    305485 | NS      | $45483661.65  | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Marsh & McLennan Cos Inc                        | MARSH & MCLENNAN COS INC                                     | CUSIP: 571748102<br>LEI: 549300XMP3KDCKJXIU47 | Long             | EC               | CORP              | US        |   2223371 | NS      | $367923433.08 | 1.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Eli Lilly & Co                                  | ELI LILLY & CO                                               | CUSIP: 532457108<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | EC               | CORP              | US        |    632400 | NS      | $231357216.00 | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Las Vegas Sands Corp                            | LAS VEGAS SANDS CORP                                         | CUSIP: 517834107<br>LEI: 549300DUOO1KXOHPM605 | Long             | EC               | CORP              | US        |   1900583 | NS      | $91361024.81  | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Keurig Dr Pepper Inc                            | KEURIG DR PEPPER INC                                         | CUSIP: 49271V100<br>LEI: DYTQ8KRTKO7Y2BVU5K74 | Long             | EC               | CORP              | US        |   1724100 | NS      | $61481406.00  | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Schneider Electric SE                           | SCHNEIDER ELECTRIC SE                                        | CUSIP: 000000000<br>LEI: 969500A1YF1XUYYXS284 | Long             | EC               | CORP              | FR        |    218774 | NS      | $30723449.76  | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| KLA Corp                                        | KLA CORP                                                     | CUSIP: 482480100<br>LEI: 549300H0BF5JCG96TJ81 | Long             | EC               | CORP              | US        |    371200 | NS      | $139953536.00 | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Johnson & Johnson                               | JOHNSON & JOHNSON                                            | CUSIP: 478160104<br>LEI: 549300G0CFPGEF6X2043 | Long             | EC               | CORP              | US        |   1422251 | NS      | $251240639.15 | 1.22%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan Chase & Co                             | JPMORGAN CHASE & CO                                          | CUSIP: 46625H100<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EC               | CORP              | US        |   2593334 | NS      | $347766089.40 | 1.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Illinois Tool Works Inc                         | ILLINOIS TOOL WORKS INC                                      | CUSIP: 452308109<br>LEI: 76NA4I14SZCFAYMNSV04 | Long             | EC               | CORP              | US        |    739989 | NS      | $163019576.70 | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| JB Hunt Transport Services Inc                  | JB HUNT TRANSPORT SERVICES INC                               | CUSIP: 445658107<br>LEI: 549300XCD1MPI1C5GK90 | Long             | EC               | CORP              | US        |    635797 | NS      | $110857564.92 | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Howmet Aerospace Inc                            | HOWMET AEROSPACE INC                                         | CUSIP: 443201108<br>LEI: 549300HO5WFZUT5N2T22 | Long             | EC               | CORP              | US        |   2731327 | NS      | $107641597.07 | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Honeywell International Inc                     | HONEYWELL INTERNATIONAL INC                                  | CUSIP: 438516106<br>LEI: ISRPG12PN4EIEOEMW547 | Long             | EC               | CORP              | US        |   1429286 | NS      | $306295989.80 | 1.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Home Depot Inc/The                              | HOME DEPOT INC/THE                                           | CUSIP: 437076102<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | EC               | CORP              | US        |    829370 | NS      | $261964808.20 | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Hilton Worldwide Holdings Inc                   | HILTON WORLDWIDE HOLDINGS INC                                | CUSIP: 43300A203<br>LEI: 549300HVGPK36ICB0B89 | Long             | EC               | CORP              | US        |   1617260 | NS      | $204356973.60 | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Hartford Financial Services Group Inc/The       | HARTFORD FINANCIAL SERVICES GROUP INC/THE                    | CUSIP: 416515104<br>LEI: IU7C3FTM7Y3BQM112U94 | Long             | EC               | CORP              | US        |   1918400 | NS      | $145472272.00 | 0.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs Group Inc/The                     | GOLDMAN SACHS GROUP INC/THE                                  | CUSIP: 38141G104<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | EC               | CORP              | US        |    350505 | NS      | $120356406.90 | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| General Electric Co                             | GENERAL ELECTRIC CO                                          | CUSIP: 369604301<br>LEI: 3C7474T6CDKPR9K6YT90 | Long             | EC               | CORP              | US        |   3180680 | NS      | $266509177.20 | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity National Information Services Inc      | FIDELITY NATIONAL INFORMATION SERVICES INC                   | CUSIP: 31620M106<br>LEI: 6WQI0GK1PRFVBA061U48 | Long             | EC               | CORP              | US        |   1703125 | NS      | $115557031.25 | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Exxon Mobil Corp                                | EXXON MOBIL CORP                                             | CUSIP: 30231G102<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | EC               | CORP              | US        |   2058700 | NS      | $227074610.00 | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Equity Residential                              | EQUITY RESIDENTIAL                                           | CUSIP: 29476L107<br>LEI: 5493008RACSH5EP3PI59 | Long             | EC               | CORP              | US        |   3570108 | NS      | $210636372.00 | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Equifax Inc                                     | EQUIFAX INC                                                  | CUSIP: 294429105<br>LEI: 5493004MCF8JDC86VS77 | Long             | EC               | CORP              | US        |    424710 | NS      | $82546635.60  | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| EOG Resources Inc                               | EOG RESOURCES INC                                            | CUSIP: 26875P101<br>LEI: XWTZDRYZPBUHIQBKDB46 | Long             | EC               | CORP              | US        |   1877614 | NS      | $243188565.28 | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Dollar General Corp                             | DOLLAR GENERAL CORP                                          | CUSIP: 256677105<br>LEI: OPX52SQVOZI8IVSWYU66 | Long             | EC               | CORP              | US        |   1317967 | NS      | $324549373.75 | 1.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Walt Disney Co/The                              | WALT DISNEY CO/THE                                           | CUSIP: 254687106<br>LEI: 549300GZKULIZ0WOW665 | Long             | EC               | CORP              | US        |   1749646 | NS      | $152009244.48 | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Danaher Corp                                    | DANAHER CORP                                                 | CUSIP: 235851102<br>LEI: S4BKK9OTCEWQ3YHPFM11 | Long             | EC               | CORP              | US        |   1578093 | NS      | $418857444.06 | 2.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Cummins Inc                                     | CUMMINS INC                                                  | CUSIP: 231021106<br>LEI: ZUNI8PYC725B6H8JU438 | Long             | EC               | CORP              | US        |    478920 | NS      | $116037526.80 | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Crown Castle Inc                                | CROWN CASTLE INC                                             | CUSIP: 22822V101<br>LEI: 54930012H97VSM0I2R19 | Long             | EC               | CORP              | US        |    482271 | NS      | $65415238.44  | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Costco Wholesale Corp                           | COSTCO WHOLESALE CORP                                        | CUSIP: 22160K105<br>LEI: 29DX7H14B9S6O3FD6V18 | Long             | EC               | CORP              | US        |    215698 | NS      | $98466137.00  | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Constellation Brands Inc                        | CONSTELLATION BRANDS INC                                     | CUSIP: 21036P108<br>LEI: 5493005GKEG8QCVY7037 | Long             | EC               | CORP              | US        |    459500 | NS      | $106489125.00 | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Colgate-Palmolive Co                            | COLGATE-PALMOLIVE CO                                         | CUSIP: 194162103<br>LEI: YMEGZFW4SBUSS5BQXF88 | Long             | EC               | CORP              | US        |    710767 | NS      | $56001331.93  | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Coca-Cola Co/The                                | COCA-COLA CO/THE                                             | CUSIP: 191216100<br>LEI: UWJKFUJFZ02DKWI3RY53 | Long             | EC               | CORP              | US        |   4270970 | NS      | $271676401.70 | 1.32%             |  |  |  | No            |                  1 | On Loan: No      |
| CMS Energy Corp                                 | CMS ENERGY CORP                                              | CUSIP: 125896100<br>LEI: 549300IA9XFBAGNIBW29 | Long             | EC               | CORP              | US        |   2394666 | NS      | $151654197.78 | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| CME Group Inc                                   | CME GROUP INC                                                | CUSIP: 12572Q105<br>LEI: LCZ7XYGSLJUHFXXNXD88 | Long             | EC               | CORP              | US        |    565803 | NS      | $95145432.48  | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Cigna Corp                                      | CIGNA CORP                                                   | CUSIP: 125523100<br>LEI: 549300VIWYMSIGT1U456 | Long             | EC               | CORP              | US        |    593835 | NS      | $196761288.90 | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Broadridge Financial Solutions Inc              | BROADRIDGE FINANCIAL SOLUTIONS INC                           | CUSIP: 11133T103<br>LEI: 549300KZDJZQ2YIHRC28 | Long             | EC               | CORP              | US        |   1241466 | NS      | $166517834.58 | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Becton Dickinson and Co                         | BECTON DICKINSON AND CO                                      | CUSIP: 075887109<br>LEI: ICE2EP6D98PQUILVRZ91 | Long             | EC               | CORP              | US        |   1106770 | NS      | $281451611.00 | 1.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of America Corp                            | BANK OF AMERICA CORP                                         | CUSIP: 060505104<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EC               | CORP              | US        |   7489563 | NS      | $248054326.56 | 1.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Ball Corp                                       | BALL CORP                                                    | CUSIP: 058498106<br>LEI: 0BGI85ALH27ZJP15DY16 | Long             | EC               | CORP              | US        |   2157262 | NS      | $110322378.68 | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Avery Dennison Corp                             | AVERY DENNISON CORP                                          | CUSIP: 053611109<br>LEI: 549300PW7VPFCYKLIV37 | Long             | EC               | CORP              | US        |    971183 | NS      | $175784123.00 | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Automatic Data Processing Inc                   | AUTOMATIC DATA PROCESSING INC                                | CUSIP: 053015103<br>LEI: HGBOLILQXWER4SAL2I23 | Long             | EC               | CORP              | US        |    560531 | NS      | $133888434.66 | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Atmos Energy Corp                               | ATMOS ENERGY CORP                                            | CUSIP: 049560105<br>LEI: QVLWEGTD2S8GJMO8D383 | Long             | EC               | CORP              | US        |   1028356 | NS      | $115247856.92 | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| AstraZeneca PLC                                 | ASTRAZENECA PLC                                              | CUSIP: 046353108<br>LEI: PY6ZZQWO2IZFZC3IOL08 | Long             | EC               | CORP              | GB        |   3820629 | NS      | $259038646.20 | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Applied Materials Inc                           | APPLIED MATERIALS INC                                        | CUSIP: 038222105<br>LEI: 41BNNE1AFPNAZELZ6K07 | Long             | EC               | CORP              | US        |    996973 | NS      | $97085230.74  | 0.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Apple Inc                                       | APPLE INC                                                    | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |   4455971 | NS      | $578964312.03 | 2.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Elevance Health Inc                             | ELEVANCE HEALTH INC                                          | CUSIP: 036752103<br>LEI: 8MYN82XMYQH89CTMTH67 | Long             | EC               | CORP              | US        |    362300 | NS      | $185849031.00 | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Amphenol Corp                                   | AMPHENOL CORP                                                | CUSIP: 032095101<br>LEI: 549300D3L3G0R4U4VT04 | Long             | EC               | CORP              | US        |   1828908 | NS      | $139253055.12 | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| American Tower Corp                             | AMERICAN TOWER CORP                                          | CUSIP: 03027X100<br>LEI: 5493006ORUSIL88JOE18 | Long             | EC               | CORP              | US        |   1027052 | NS      | $217591236.72 | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| American Express Co                             | AMERICAN EXPRESS CO                                          | CUSIP: 025816109<br>LEI: R4PP93JZOLY261QX3811 | Long             | EC               | CORP              | US        |    722530 | NS      | $106753807.50 | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Diageo PLC                                      | DIAGEO PLC                                                   | CUSIP: 000000000<br>LEI: 213800ZVIELEA55JMJ32 | Long             | EC               | CORP              | GB        |   2000013 | NS      | $87544317.97  | 0.43%             |  |  |  | No            |                  2 | On Loan: No      |
| Ameren Corp                                     | AMEREN CORP                                                  | CUSIP: 023608102<br>LEI: XRZQ5S7HYJFPHJ78L959 | Long             | EC               | CORP              | US        |   2196899 | NS      | $195348259.08 | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Air Products and Chemicals Inc                  | AIR PRODUCTS AND CHEMICALS INC                               | CUSIP: 009158106<br>LEI: 7QEON6Y1RL5XR3R1W237 | Long             | EC               | CORP              | US        |    377362 | NS      | $116325610.12 | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Agilent Technologies Inc                        | AGILENT TECHNOLOGIES INC                                     | CUSIP: 00846U101<br>LEI: QUIX8Y7A2WP0XRMW7G29 | Long             | EC               | CORP              | US        |   1586936 | NS      | $237484972.40 | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| AbbVie Inc                                      | ABBVIE INC                                                   | CUSIP: 00287Y109<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | EC               | CORP              | US        |   2074650 | NS      | $335284186.50 | 1.63%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2022-12-31

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

**Signature:** /s/ Alan Dupski

**Name of Signer:** Alan Dupski

**Title:** Treasurer & Vice President