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      <link:labelArc xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="trowe_C000005435Member" xlink:to="trowe_C000005435Member_lbl" xlink:type="arc" />
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="trowe_C000166314Member_lbl" xml:lang="en-US">T. Rowe Price Dividend Growth Fund, Inc. - I Class</link:label>
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="trowe_C000012104Member_lbl" xml:lang="en-US">T. Rowe Price Dividend Growth Fund, Inc. - Advisor Class</link:label>
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="trowe_C000225815Member_lbl" xml:lang="en-US">T. Rowe Price Dividend Growth Fund, Inc. - Z Class</link:label>
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="trowe_Russell3000IndexMember_lbl" xml:lang="en-US">Russell 3000&#174; Index (reflects no deduction for fees, expenses, or taxes)</link:label>
      <link:loc xlink:type="locator" xlink:href="trowe-20260225.xsd#trowe_SAndP500IndexMember" xlink:label="trowe_SAndP500IndexMember" />
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="trowe_CybersecurityBreachesMember_doc" xml:lang="en-US">Cybersecurity breaches.</link:label>
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="trowe_ActiveManagementMember_doc" xml:lang="en-US">Active management.</link:label>
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="trowe_ForeignInvestingMember_doc" xml:lang="en-US">Foreign investing.</link:label>
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="trowe_StockInvestingMember_doc" xml:lang="en-US">Stock investing.</link:label>
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      <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="trowe_MarketConditionsMember_doc" xml:lang="en-US">Market conditions.</link:label>
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