What does T. Rowe Price Retirement 2040 Fund do?

T. Rowe Price Retirement 2040 Fund (TRRDX) operates in the Asset Management industry within the Financial Services sector. Full company description, peers, and segment breakdown are on the page above.

What is TRRDX's market cap?

T. Rowe Price Retirement 2040 Fund (TRRDX) has a market capitalization of approximately $27.27 billion, as of July 23, 2026, based on the most recent share price and shares outstanding.

Does TRRDX pay a dividend?

Yes — T. Rowe Price Retirement 2040 Fund (TRRDX) pays a dividend annually, with a trailing-twelve-month yield of 4.01%. Full distribution history, payout ratios, and growth rates are on the Dividend tab.

TRRDX

T. Rowe Price Retirement 2040 Fund

NASDAQ·Asset Management · Financial Services

$37.44$0.31−0.82%

Market cap$27.27B·Market closed·Jul 23 8:00 PM UTC

Price Chart

$37.44−$0.31 (−0.82%)today

+8.71%CAGR +1.69%

Select date range

FromTo

Oct 1, 2002Jul 24, 2021 → Jul 24, 2026· 5.0 yrsJul 24, 2026

Key Metrics

DividendDividend Tab

Dividend Yield (FWD)4.01%

Annual Dividend (FWD)$1.50

Dividend Growth (5Y)−0.1%

Dividend Safety—

Payout Ratio95.5%

FCF Payout Ratio—

Most Recent Dividend$1.50

Ex-Dividend DateDec 19

Payment DateDec 22

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

See exactly how TRRDX's revenue becomes profit — a Sankey that traces revenue (and its reported segments) through gross profit, operating expenses, and net profit, with the year-over-year change on every line.

The same diagram the Chart Builder draws, right on the Summary tab. Upgrade to unlock it for TRRDX and 80,000+ other tickers.

About T. Rowe Price Retirement 2040 Fund

This fund strategically allocates its capital across a diverse range of T. Rowe Price's proprietary equity and fixed-income mutual funds, providing exposure to various asset classes and economic sectors. The portfolio's composition among these underlying funds will be progressively adjusted, becoming more conservative as it approaches its designated target retirement year. Tailored for investors anticipating retirement around 2040, its management strategy is built upon an assumed retirement age of 65.

Sector: Financial Services
Industry: Asset Management
Exchange: NASDAQ
Website: www.troweprice.com/financial-intermediary/us/en/investments/mutual-funds/us-products/retirement-2040-fund.html

Peers

Peers Tab

TRRJX

T. Rowe Price Retirement 2035 Fund

Cap

$24.8B

TRRCX

T. Rowe Price Retirement 2030 Fund

Cap

$29.7B

TRRKX

T. Rowe Price Retirement 2045 Fund

Cap

$19.6B

Latest News

News Tab

No recent news available.

Frequently Asked Questions About TRRDX

What does T. Rowe Price Retirement 2040 Fund do?: T. Rowe Price Retirement 2040 Fund (TRRDX) operates in the Asset Management industry within the Financial Services sector. Full company description, peers, and segment breakdown are on the page above.
What is TRRDX's market cap?: T. Rowe Price Retirement 2040 Fund (TRRDX) has a market capitalization of approximately $27.27 billion, as of July 23, 2026, based on the most recent share price and shares outstanding.
Does TRRDX pay a dividend?: Yes — T. Rowe Price Retirement 2040 Fund (TRRDX) pays a dividend annually, with a trailing-twelve-month yield of 4.01%. Full distribution history, payout ratios, and growth rates are on the Dividend tab.