Royal Bank of Canada Dividends and Buybacks
Dividend criteria checks 5/6
Royal Bank of Canada is a dividend paying company with a current yield of 3.27% that is well covered by earnings.
Key information
3.3%
Dividend yield
0.006%
Buyback Yield
| Total Shareholder Yield | 3.3% |
| Future Dividend Yield | 3.7% |
| Dividend Growth | 0.08% |
| Next dividend pay date | n/a |
| Ex dividend date | n/a |
| Dividend per share | CA$5.680 |
| Payout ratio | 49% |
Recent dividend and buyback updates
Recent updates
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: RY.PRJ's dividends per share have been stable in the past 10 years.
Growing Dividend: RY.PRJ's dividend payments have increased over the past 10 years.
Dividend Yield vs Market
| Royal Bank of Canada Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (RY.PRJ) | 3.3% |
| Market Bottom 25% (CA) | 1.8% |
| Market Top 25% (CA) | 6.2% |
| Industry Average (Banks) | 4.2% |
| Analyst forecast (RY.PRJ) (up to 3 years) | 3.7% |
Notable Dividend: RY.PRJ's dividend (3.27%) is higher than the bottom 25% of dividend payers in the Canadian market (1.75%).
High Dividend: RY.PRJ's dividend (3.27%) is low compared to the top 25% of dividend payers in the Canadian market (6.18%).
Current Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (49%), RY.PRJ's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: RY.PRJ's dividends in 3 years are forecast to be well covered by earnings (46.5% payout ratio).