Royal Bank of Canada Dividend

Dividend criteria checks 5/6

Royal Bank of Canada is a dividend paying company with a current yield of 3.99% that is well covered by earnings. Next payment date is on 23rd August, 2024 with an ex-dividend date of 25th July, 2024.

Key information

4.0%

Dividend yield

50%

Payout ratio

Industry average yield5.0%
Next dividend pay date23 Aug 24
Ex dividend date25 Jul 24
Dividend per sharen/a
Earnings per shareCA$10.84
Dividend yield forecast in 3Y4.4%

Recent dividend updates

Royal Bank of Canada (TSE:RY) Will Pay A Larger Dividend Than Last Year At CA$1.42

Jun 11
Royal Bank of Canada (TSE:RY) Will Pay A Larger Dividend Than Last Year At CA$1.42

Royal Bank of Canada (TSE:RY) Will Pay A Larger Dividend Than Last Year At CA$1.38

Jan 12
Royal Bank of Canada (TSE:RY) Will Pay A Larger Dividend Than Last Year At CA$1.38

Recent updates

Royal Bank of Canada (TSE:RY) Will Pay A Larger Dividend Than Last Year At CA$1.42

Jun 11
Royal Bank of Canada (TSE:RY) Will Pay A Larger Dividend Than Last Year At CA$1.42

We Think Some Shareholders May Hesitate To Increase Royal Bank of Canada's (TSE:RY) CEO Compensation

Apr 05
We Think Some Shareholders May Hesitate To Increase Royal Bank of Canada's (TSE:RY) CEO Compensation

Royal Bank of Canada (TSE:RY) Will Pay A Larger Dividend Than Last Year At CA$1.38

Jan 12
Royal Bank of Canada (TSE:RY) Will Pay A Larger Dividend Than Last Year At CA$1.38

Royal Bank of Canada (TSE:RY) Is Increasing Its Dividend To CA$1.38

Dec 13
Royal Bank of Canada (TSE:RY) Is Increasing Its Dividend To CA$1.38

Upcoming Dividend Payment

TodayJun 19 2024Ex Dividend DateJul 25 2024Dividend Pay DateAug 23 202429 days from Ex DividendBuy in the next 36 days to receive the upcoming dividend

Stability and Growth of Payments

Fetching dividends data

Stable Dividend: RY's dividends per share have been stable in the past 10 years.

Growing Dividend: RY's dividend payments have increased over the past 10 years.


Dividend Yield vs Market

Royal Bank of Canada Dividend Yield vs Market
How does RY dividend yield compare to the market?
SegmentDividend Yield
Company (RY)4.0%
Market Bottom 25% (CA)1.9%
Market Top 25% (CA)6.6%
Industry Average (Banks)5.0%
Analyst forecast in 3 Years (RY)4.4%

Notable Dividend: RY's dividend (3.99%) is higher than the bottom 25% of dividend payers in the Canadian market (1.87%).

High Dividend: RY's dividend (3.99%) is low compared to the top 25% of dividend payers in the Canadian market (6.55%).


Current Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (50%), RY's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: RY's dividends in 3 years are forecast to be well covered by earnings (48.4% payout ratio).


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