2017 Dividends-Received Deductions

Corporate taxpayers generally are entitled to a deduction for dividends received from another domestic corporation. To determine the amount of dividends qualifying for this deduction, multiply the "percent qualifying for deduction" (shown in the table) by the amount of your total ordinary dividends. Please note that ordinary dividends of a mutual fund includes, if applicable, net short-term capital gains and foreign taxes paid.

Note that you may not take this deduction for a dividend on shares of a fund that have been held for less than 46 days during the 91-day period beginning on the date 45 days before the ex-dividend date. You may find your fund's ex-dividend date here.

Dividends-Received Deductions Tables
T. Rowe Price Domestic Stock Funds
  Percent Qualifying for Deduction1
Balanced (All Quarters) 24.54%
Blue Chip Growth 100.00%
Capital Appreciation 27.20%
Capital Opportunity 87.59%
Diversified Mid-Cap Growth 98.07%
Dividend Growth (All Quarters) 100.00%
Equity Income (All Quarters) 91.70%
Equity Index 500 (All Quarters) 88.14%
Extended Equity Market Index* 31.86%
Financial Services 100.00%
Growth & Income (All Quarters) 72.76%
Growth Stock 63.41%
Health Sciences 40.97%
Media & Telecommunications 100.00%
Mid-Cap Growth 100.00%
Mid-Cap Value 61.58%
New America Growth 29.84%
New Era 80.08%
New Horizons 17.87%
Personal Strategy Balanced (All Quarters) 18.59%
Personal Strategy Growth 28.91%
Personal Strategy Income (All Quarters) 11.90%
QM U.S. Small & Mid-Cap Core Equity 91.97%
QM U.S. Small-Cap Growth Equity 100.00%
QM U.S. Value Equity 64.46%
Real Assets 33.37%
Real Estate (All Quarters) 0.68%
Science & Technology 8.74%
Small-Cap Stock* 53.62%
Small-Cap Value 100.00%
Tax-Efficient Equity 100.00%
Total Equity Market Index 92.00%
U.S. Large-Cap Core 87.55%
Value 66.66%
T. Rowe Price International/Global Stock and Bond Funds
  Percent Qualifying for Deduction1
International/Global Stock Funds
Africa & Middle East
Asia Opportunities
Emerging Europe
Emerging Markets Stock 0.32%
Emerging Markets Value Stock 0.19%
European Stock
Global Allocation 14.79%
Global Consumer 40.52%
Global Growth Stock 12.07%
Global Industrials 7.05%
Global Real Estate (All Quarters) 0.41%
Global Stock 100.00%
Global Technology 0.90%
International Concentrated Equity
International Discovery 0.14%
International Equity Index
International Stock 1.96%
International Value Equity
Latin America 0.61%
New Asia
Overseas Stock 0.45%
QM Global Equity 53.00%
International/Global Bond Funds
Dynamic Global Bond2
Emerging Markets Bond
Emerging Markets Corporate Bond
Emerging Markets Local Currency Bond
Global High Income Bond 0.31%
Global Multi-Sector Bond
International Bond
International Bond USD Hedged
T. Rowe Price Taxable Bond Funds
  Percent Qualifying for Deduction1
Cash Reserves
Corporate Income
Credit Opportunities 0.61%
Floating Rate
Government Money
High Yield 0.77%
Inflation Protected Bond
Limited Duration Inflation Focused Bond
New Income 0.02%
Short-Term Bond
Total Return 0.20%
Ultra Short-Term Bond
U.S. Bond Enhanced Index
U.S. High Yield3
U.S. Treasury Intermediate
U.S. Treasury Long-Term
U.S. Treasury Money
T. Rowe Price Tax-Free Bond Funds
  Percent Qualifying for Deduction1
California Tax-Free Bond N/A
California Tax-Free Money N/A
Georgia Tax-Free Bond N/A
Intermediate Tax-Free High Yield N/A
Maryland Short-Term Tax-Free Bond N/A
Maryland Tax-Free Bond
Maryland Tax-Free Money N/A
New Jersey Tax-Free Bond
New York Tax-Free Bond N/A
New York Tax-Free Money N/A
Summit Municipal Income
Summit Municipal Intermediate
Summit Municipal Money Market
Tax-Exempt Money
Tax-Free High Yield 16.16%
Tax-Free Income
Tax-Free Short-Intermediate N/A
Virginia Tax-Free Bond 0.06%
T. Rowe Price Retirement, Spectrum, and Target Funds
  Percent Qualifying for Deduction1
Retirement 2005 15.60%
Retirement 2010 18.58%
Retirement 2015 21.56%
Retirement 2020 24.19%
Retirement 2025 26.31%
Retirement 2030 30.11%
Retirement 2035 31.53%
Retirement 2040 34.84%
Retirement 2045 36.29%
Retirement 2050 35.98%
Retirement 2055 35.69%
Retirement 2060 36.41%
Retirement Balanced 18.88%
Retirement Income 2020 35.54%
Retirement I 2005 - I Class 15.54%
Retirement I 2010 - I Class 17.74%
Retirement I 2015 - I Class 21.62%
Retirement I 2020 - I Class 24.60%
Retirement I 2025 - I Class 27.26%
Retirement I 2030 - I Class 30.64%
Retirement I 2035 - I Class 32.60%
Retirement I 2040 - I Class 34.83%
Retirement I 2045 - I Class 35.56%
Retirement I 2050 - I Class 35.82%
Retirement I 2055 - I Class 35.49%
Retirement I 2060 - I Class 35.40%
Retirement Balanced I - I Class 17.92%
Spectrum Growth 42.00%
Spectrum Income 7.04%
Spectrum International 0.52%
Target 2005 16.36%
Target 2010 16.53%
Target 2015 18.21%
Target 2020 21.19%
Target 2025 22.80%
Target 2030 25.97%
Target 2035 27.11%
Target 2040 29.68%
Target 2045 33.43%
Target 2050 36.22%
Target 2055 36.88%
Target 2060 38.91%

1 This percentage applies to the sum of your income dividend plus short-term capital gain distribution paid for the calendar year or other period, if indicated, as reported in Box 1a of your IRS Form 1099-DIV.

2 Formerly Global Unconstrained Bond

3 Formerly Henderson High Yield Opportunities

* Percentage revised on February 8, 2018.

Percentages are the same for all fund classes (Investor, Advisor, R, and I classes and Portfolio and Portfolio—II classes). For more information, please visit our website for financial intermediaries at www.troweprice.com/fi/distributions.

N/A indicates that a fund did not pay a dividend or short-term capital gain, or pass through foreign tax paid.

A dash indicates that the fund paid a dividend or short-term capital gain, but it was not entitled to a deduction for dividends received.

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