Royal Bank of Canada Dividend
Dividend criteria checks 5/6
Royal Bank of Canada is a dividend paying company with a current yield of 4.14% that is well covered by earnings.
Key information
4.1%
Dividend yield
50%
Payout ratio
| Industry average yield | 4.9% |
| Next dividend pay date | n/a |
| Ex dividend date | n/a |
| Dividend per share | n/a |
| Earnings per share | CA$10.65 |
| Dividend yield forecast in 3Y | 4.6% |
Recent dividend updates
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) Is Increasing Its Dividend To CA$1.38
Dec 13Recent updates
We Think Some Shareholders May Hesitate To Increase Royal Bank of Canada's (TSE:RY) CEO Compensation
Apr 05Royal Bank of Canada (TSE:RY) Will Pay A Larger Dividend Than Last Year At CA$1.38
Jan 12Royal Bank of Canada (TSE:RY) Is Increasing Its Dividend To CA$1.38
Dec 13Royal Bank of Canada's (TSE:RY) Dividend Will Be Increased To CA$1.35
Jul 13Royal Bank of Canada (TSE:RY) Is Increasing Its Dividend To CA$1.32
Apr 05Royal Bank of Canada's (TSE:RY) Upcoming Dividend Will Be Larger Than Last Year's
Jan 20Royal Bank of Canada (TSE:RY) Is Increasing Its Dividend To CA$1.32
Dec 28Royal Bank of Canada (TSE:RY) Is Increasing Its Dividend To CA$1.32
Dec 03Here's Why We Think Royal Bank of Canada (TSE:RY) Is Well Worth Watching
Dec 01Royal Bank of Canada (TSE:RY) Is Increasing Its Dividend To CA$1.28
Jul 14Royal Bank of Canada (TSE:RY) Is Increasing Its Dividend To CA$1.28
Jun 23Royal Bank of Canada (TSE:RY) Is Increasing Its Dividend To CA$1.28
Jun 02Stability 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 |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (RY) | 4.1% |
| Market Bottom 25% (CA) | 1.9% |
| Market Top 25% (CA) | 6.6% |
| Industry Average (Banks) | 4.9% |
| Analyst forecast in 3 Years (RY) | 4.6% |
Notable Dividend: RY's dividend (4.14%) is higher than the bottom 25% of dividend payers in the Canadian market (1.94%).
High Dividend: RY's dividend (4.14%) is low compared to the top 25% of dividend payers in the Canadian market (6.56%).
Current Payout to Shareholders
Earnings Coverage: With its reasonable payout ratio (50.1%), RY's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: RY's dividends in 3 years are forecast to be covered by earnings (50.9% payout ratio).