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TRZAX Mutual Fund — T. Rowe Price Value Fund Z Class
T. Rowe Price Value Fund Z Class (TRZAX)
Updated October 16, 2026.
Verdict as of October 16, 2026
TRZAX's distribution is rated unproven by the Dividend Vision Distribution Safety Score™ (50/100, low confidence). It pays annual and its distribution rate is 1.31%. The latest total cash payment per current share, $2.52 with an ex-date of December 11, 2025, was 38.3% lower than the previous $4.08. These payments are unclassified; this does not establish a base-dividend change.
Sources: T. Rowe Price, Section 19a-1 notices, scoring methodology.
TRZAX is a Mutual Fund. its distribution rate is 1.31%, its trailing-12-month yield is 4.31%. Dividend Vision Distribution Safety Score™ is 50/100 (Unproven). Total return is 386.7% over the past 6.6 years, 136.7 points ahead of SPY at 250.0%.
T. Rowe Price Value Fund Z Class is a mutual fund that invests at least 65% of its assets in common stocks the portfolio manager considers undervalued, typically focusing on large-cap companies across market capitalizations. The fund currently distributes at a high rate and does not charge an expense ratio. It appeals to income-focused investors seeking value-oriented equity exposure.
TRZAX dividend yield and income
Price as of 2026-10-16.
The distribution rate (1.31%) uses calculation basis unavailable. Trailing-12-month yield (4.31%) is the last year of cash distributions by ex-date divided by the current price. The dividend amount is $2.516. The ex-dividend date is 12/11/2025.
| Ex-date | Amount | Change from previous payment |
|---|---|---|
| 2025-12-11 | $2.516 | -38.3% Unclassified cash |
| 2024-12-12 | $4.075 | 165.1% Unclassified cash |
| 2023-12-13 | $1.537 | -63.6% Unclassified cash |
| 2022-12-13 | $4.224 | -23.8% Unclassified cash |
| 2021-12-14 | $5.54 | 334.5% Unclassified cash |
| 2020-12-14 | $1.275 | — |
| 2020 total | $1.275 | — |
| 2021 total | $5.54 | 334.5% |
| 2022 total | $4.224 | -23.8% |
| 2023 total | $1.537 | -63.6% |
| 2024 total | $4.075 | 165.1% |
| 2025 total | $2.516 | -38.3% |
TRZAX dividend growth
Trailing-12-month distributions versus the preceding 12 months changed -38.3%. The 1Y row below uses this same adjacent TTM cash-window comparison.
| Window | Change |
|---|---|
| 1Y | -38.3% |
| 3Y | -40.4% |
TRZAX holdings and sector exposure
Holdings are not available for this snapshot.
TRZAX performance versus SPY
Price and return data through 2026-10-16.
Total return is 386.7% over the past 6.6 years, 136.7 points ahead of SPY at 250.0%. Over the past year its total return — price change plus distributions reinvested — is 32.1%. Its deepest 1-year drawdown was 7.0%.
| Window | Total return | CAGR |
|---|---|---|
| 1M | 2.1% | — |
| 3M | 3.5% | — |
| 6M | 11.6% | — |
| YTD | 22.0% | — |
| 1Y | 32.1% | — |
| 2Y CAGR | — | 21.70% |
| 3Y CAGR | — | 25.30% |
| 5Y CAGR | — | 18.50% |
| Since inception (6.6 years) | 386.7% | 27.20% |
TRZAX key facts
- Distribution Safety Score™
- 50 · Unproven
- Issuer
- T. Rowe Price
- Asset type
- Mutual Fund
- Asset class
- Equity
- Distribution rate
- 1.31%
- Distribution frequency
- Annual
- Trailing yield
- 4.31%
- Last close
- $58.35 (as of 2026-10-16)
- NAV
- $57.33 as of 2026-09-30; source eodhd (stale)
- Premium / discount
- N/A (price 2026-10-16, NAV 2026-09-30) (NAV stale)
- AUM
- $27,480,639,488
- Average volume
- 0.0
- Dividend
- $2.516
- Ex-dividend date
- 12/11/2025
- Beta
- 0.66
Expense ratio unavailable in this published snapshot. Missing values do not mean zero or complete coverage.
How Dividend Vision calculates yield and returns
Distribution rate (1.31%) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield (4.31%) is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.
Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology
Sources and review
Primary sources: T. Rowe Price; prices and distributions from Dividend Vision, derived from vendor EOD data.
Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.
TRZAX risks and drawbacks
TRZAX's current distribution rate is moderate, not a high-yield payout — the strategy is dividend quality more than maximum income. Payments are annual, so cash flow is lumpy versus a monthly fund. The deepest 1-year drawdown on record here is 7.0%.
Who may consider TRZAX — and who may not
It is a weaker fit for investors who need monthly cash flow (TRZAX pays annual); investors hunting double-digit covered-call yields. This is educational context, not a recommendation to buy or sell.
More on TRZAX
Frequently asked questions
Does TRZAX pay monthly?
No. TRZAX currently pays annual, not monthly.
What is TRZAX's dividend yield?
TRZAX's distribution rate is 1.31%, paid annual — calculation basis unavailable.
How has TRZAX's dividend grown?
Trailing-12-month distributions versus the preceding 12 months changed -38.3%. That is the same adjacent TTM cash-window comparison used in the dividend-history table.
When does TRZAX pay a dividend?
TRZAX pays annual. The dividend amount is $2.516. The ex-dividend date is 12/11/2025.
How has TRZAX performed?
Total return is 386.7% over the past 6.6 years, 136.7 points ahead of SPY at 250.0%. Over the past year its total return — price change plus distributions reinvested — is 32.1%. Its deepest 1-year drawdown was 7.0%.
Is TRZAX a good investment?
TRZAX's Dividend Vision Distribution Safety Score is 50 (Unproven). That is a risk signal, not investment advice. Its distribution rate is 1.31% (calculation basis unavailable). Compare peers below rather than treating any single figure as a buy or sell.
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Holdings as-of date unavailable.
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