2021 Qualified Dividend Income Percentage

All or a portion of your ordinary income dividend from a fund may be taxed at a reduced capital gains rate rather than the higher marginal rates applicable to ordinary income. The amount of your dividend subject to this lower rate is reported in Box 1b of your Form 1099-DIV mailed in late January. The tax forms for the T. Rowe Price Real Assets, Real Estate, Global Real Estate, and Small-Cap Value Funds mail in mid-February.

The tables below report the percentage of the ordinary dividend paid by the T. Rowe Price funds that qualify for the lower dividend rate. The data is provided here for informational purposes only and to assist you in your tax planning. In preparing your tax return, please use the amount in Box 1b of your Form 1099-DIV.

To treat a dividend as qualifying for lower rates, you must have held your shares on which you received the dividend for at least 61 days during the 121-day period beginning 60 days before the ex-dividend date of the distribution. Find your fund's ex-dividend date.

In addition, the ordinary dividend of a fund (the amount included in Box 1a of Form 1099-DIV) includes net short-term capital gains and foreign taxes paid, which may not qualify for the lower rates. As a result, the percentage of the Box 1a amount that qualifies for the lower tax rate can vary widely from year to year, depending on the amount of short-term gains and foreign taxes reported by the fund.

If you own a fund that has more than one distribution during the year, the amount reported in Box 1b of your Form 1099-DIV will be based on the qualifying percentage for each distribution.

Calculations based on the percentages below may yield amounts that differ from the amounts on your Form 1099-DIV due to rounding.

Qualified Dividend Income Percentage Tables

T. Rowe Price Domestic Stock Funds

T. Rowe Price Fund Qualified Dividend Income Percentage1
All-Cap Opportunities2 7.85%
Balanced (All Quarters) 33.22%
Blue Chip Growth 75.46%
Capital Appreciation 14.39%
Communications & Technology 18.81%
Diversified Mid-Cap Growth 26.61%
Dividend Growth (All Quarters) 100.00%
Equity Income (All Quarters) 75.81%
Equity Index 500 (All Quarters) 91.23%
Extended Equity Market Index 95.43%
Financial Services 90.66%
Growth & Income 13.80%
Growth Stock 11.80%
Health Sciences 33.01%
Large-Cap Growth 38.21%
Large-Cap Value 100.00%
Mid-Cap Growth 100.00%
Mid-Cap Value 52.89%
Multi-Strategy Total Return 3.98%
New Era 100.00%
New Horizons 5.06%
QM U.S. Small & Mid-Cap Core Equity 100.00%
QM U.S. Small-Cap Growth Equity
QM U.S. Value Equity 100.00%
Real Assets 75.49%
Real Estate (All Quarters) 0.24%
Science & Technology 6.56%
Small-Cap Stock 44.87%
Small-Cap Value 49.72%
Spectrum Conservative Allocation (All Quarters) 13.68%
Spectrum Moderate Allocation (All Quarters) 18.92%
Spectrum Moderate Growth Allocation 28.54%
Tax-Efficient Equity N/A
Total Equity Market Index 100.00%
U.S. Equity Research 51.79%
U.S. Large-Cap Core 24.70%
Value 26.08%

T. Rowe Price International/Global Stock and Bond Funds

International/Global Stock Funds

T. Rowe Price Fund Qualified Dividend Income Percentage1
Africa & Middle East 93.11%
Asia Opportunities 26.45%
China Evolution Equity 24.25%
Emerging Europe 100.00%
Emerging Markets Discovery Stock 30.72%
Emerging Markets Stock 81.16%
European Stock 100.00%
Global Allocation 13.31%
Global Consumer 19.85%
Global Growth Stock 10.98%
Global Impact Equity 77.40%
Global Industrials 72.06%
Global Real Estate (All Quarters) 25.79%
Global Stock 6.31%
Global Technology 1.78%
Global Value Equity 63.78%
International Disciplined Equity 20.14%
International Discovery 30.11%
International Equity Index 69.79%
International Stock 30.73%
International Value Equity 73.97%
Japan 26.11%
Latin America 23.10%
New Asia 19.41%
Overseas Stock 92.62%
QM Global Equity 100.00%

International/Global Stock Funds

T. Rowe Price Fund Qualified Dividend Income Percentage1
Dynamic Credit
Dynamic Global Bond 0.35%
Emerging Markets Bond
Emerging Markets Corporate Bond
Emerging Markets Local Currency Bond
Global High Income Bond 0.43%
Global Multi-Sector Bond 0.18%
International Bond
International Bond (USD Hedged)

T. Rowe Price Taxable Bond and Money Market Funds

T. Rowe Price Fund Qualified Dividend Income Percentage1
Cash Reserves
Corporate Income
Credit Opportunities 1.93%
Floating Rate 0.36%
Government Money
High Yield 1.58%
Inflation Protected Bond
Limited Duration Inflation Focused Bond
New Income
QM U.S. Bond Index
Short Duration Income
Short-Term Bond
Total Return 0.80%
U.S. High Yield 0.62%
U.S. Limited Duration TIPS Index
U.S. Treasury Intermediate Index
U.S. Treasury Long-Term Index
U.S. Treasury Money
Ultra Short-Term Bond

T. Rowe Price Tax-Free Bond and Money Market Funds

T. Rowe Price Fund Qualified Dividend Income Percentage1
California Tax-Free Bond N/A
California Tax-Free Money N/A
Georgia Tax-Free Bond
Intermediate Tax-Free High Yield
Maryland Short-Term Tax-Free Bond N/A
Maryland Tax-Free Bond N/A
Maryland Tax-Free Money N/A
New Jersey Tax-Free Bond N/A
New York Tax-Free Bond
New York Tax-Free Money N/A
Summit Municipal Income N/A
Summit Municipal Intermediate
Tax-Exempt Money N/A
Tax-Free High Yield 0.34%
Tax-Free Income N/A
Tax-Free Short-Intermediate
Virginia Tax-Free Bond 0.16%

T. Rowe Price Retirement, Spectrum, and Target Funds

T. Rowe Price Fund Qualified Dividend Income Percentage1
Retirement 2005 20.74%
Retirement 2010 22.65%
Retirement 2015 26.03%
Retirement 2020 23.64%
Retirement 2025 34.29%
Retirement 2030 39.72%
Retirement 2035 39.69%
Retirement 2040 40.51%
Retirement 2045 47.91%
Retirement 2050 48.01%
Retirement 2055 46.10%
Retirement 2060 46.70%
Retirement 2065 36.12%
Retirement Balanced 19.83%
Retirement Balanced I - I Class 17.48%
Retirement Blend 2005 23.66%
Retirement Blend 2010 26.03%
Retirement Blend 2015 29.39%
Retirement Blend 2020 30.73%
Retirement Blend 2025 33.11%
Retirement Blend 2030 42.97%
Retirement Blend 2035 45.24%
Retirement Blend 2040 41.26%
Retirement Blend 2045 50.11%
Retirement Blend 2050 49.77%
Retirement Blend 2055 49.94%
Retirement Blend 2060 48.69%
Retirement Blend 2065 50.22%
Retirement I 2005 - I Class 18.52%
Retirement I 2010 - I Class 21.31%
Retirement I 2015 - I Class 22.52%
Retirement I 2020 - I Class 25.16%
Retirement I 2025 - I Class 29.23%
Retirement I 2030 - I Class 35.37%
Retirement I 2035 - I Class 40.75%
Retirement I 2040 - I Class 43.20%
Retirement I 2045 - I Class 44.13%
Retirement I 2050 - I Class 44.71%
Retirement I 2055 - I Class 43.93%
Retirement I 2060 - I Class 44.44%
Retirement I 2065 - I Class 37.38%
Retirement Income 2020 17.24%
Spectrum Diversified Equity 43.30%
Spectrum Income 10.98%
Spectrum International Equity 56.41%
Target 2005 14.12%
Target 2010 16.41%
Target 2015 16.51%
Target 2020 17.48%
Target 2025 22.86%
Target 2030 28.10%
Target 2035 32.12%
Target 2040 37.75%
Target 2045 41.31%
Target 2050 43.58%
Target 2055 45.75%
Target 2060 45.36%
Target 2065 36.01%

1This 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.

2Formerly New America Growth.

Percentages are the same for all fund classes (Investor, Advisor, R, and I classes). For more information on Advisor, R, Institutional, and Portfolio funds, please visit our website for financial intermediaries.

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 qualified dividend income.

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