What does T. Rowe Price New Income Fund do?

T. Rowe Price New Income Fund (PRCIX) operates in the Asset Management - Income industry within the Financial Services sector. Full company description, peers, and segment breakdown are on the page above.

What is PRCIX's market cap?

T. Rowe Price New Income Fund (PRCIX) has a market capitalization of approximately $17.89 billion, as of July 24, 2026, based on the most recent share price and shares outstanding.

Does PRCIX pay a dividend?

Yes — T. Rowe Price New Income Fund (PRCIX) pays a dividend monthly, with a trailing-twelve-month yield of 4.85%. Full distribution history, payout ratios, and growth rates are on the Dividend tab.

PRCIX

T. Rowe Price New Income Fund

NASDAQ·Asset Management, Income · Financial Services

$7.79$0.02−0.26%

Market cap$17.89B·Jul 24 12:10 PM UTC

Price Chart

$7.79−$0.02 (−0.26%)today

−20.91%CAGR −4.59%

Select date range

FromTo

Jan 2, 1985Jul 24, 2021 → Jul 24, 2026· 5.0 yrsJul 24, 2026

Key Metrics

DividendDividend Tab

Dividend Yield (FWD)4.46%

Annual Dividend (FWD)$0.35

Dividend Growth (5Y)+17.3%

Dividend Safety—

Payout Ratio134.5%

FCF Payout Ratio—

Most Recent Dividend$0.029

Ex-Dividend DateJun 29

Payment DateJun 30

EarningsEarnings Tab

EPS (FWD)—

P/E Ratio (FWD)—

EPS Growth (1Y)—

EPS Growth (3Y)—

EPS Growth (5Y)—

Next Earnings Date—

Last Report Date—

Reported vs Estimate—

Earnings Surprise—

Income Statement Flow

PRO

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About T. Rowe Price New Income Fund

The primary goal of this fund is to achieve the highest possible total return, generated through both income streams and capital appreciation. It is mandated to invest at least 80% of its net assets in various securities that produce income. These investments can encompass a wide array of options, such as debt instruments issued by the U.S. government and its agencies, different types of mortgage-backed and asset-backed securities (including those tied to commercial mortgages), corporate bonds, international bonds, and Treasury Inflation-Protected Securities (TIPS).

Sector: Financial Services
Industry: Asset Management - Income
Exchange: NASDAQ
Website: www.troweprice.com/financial-intermediary/us/en/investments/mutual-funds/us-products/new-income-fund.html

Peers

Peers Tab

VGIAX

Vanguard Growth and Income Fund Admiral Shares

Cap

$18.4B

VQNPX

Vanguard Growth and Income Fund Investor Shares

Cap

$18.5B

CIVVX

Causeway International Value Fund

Cap

$19.0B

Latest News

News Tab

No recent news available.

Frequently Asked Questions About PRCIX

What does T. Rowe Price New Income Fund do?: T. Rowe Price New Income Fund (PRCIX) operates in the Asset Management - Income industry within the Financial Services sector. Full company description, peers, and segment breakdown are on the page above.
What is PRCIX's market cap?: T. Rowe Price New Income Fund (PRCIX) has a market capitalization of approximately $17.89 billion, as of July 24, 2026, based on the most recent share price and shares outstanding.
Does PRCIX pay a dividend?: Yes — T. Rowe Price New Income Fund (PRCIX) pays a dividend monthly, with a trailing-twelve-month yield of 4.85%. Full distribution history, payout ratios, and growth rates are on the Dividend tab.