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 3.25% that is well covered by earnings. Last payment was on 22nd November, 2024 with an ex-dividend date of 24th October, 2024.
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 | 22 Nov 24 |
| Ex dividend date | 24 Oct 24 |
| Dividend per share | CA$5.680 |
| Payout ratio | 49% |
Recent dividend and buyback updates
Royal Bank of Canada's (TSE:RY) Dividend Will Be CA$1.42
Sep 12
Royal Bank of Canada (TSE:RY) Will Pay A Larger Dividend Than Last Year At CA$1.42
Jun 11Recent updates
Royal Bank of Canada's (TSE:RY) Dividend Will Be CA$1.42
Sep 12Royal Bank of Canada (TSE:RY) Will Pay A Larger Dividend Than Last Year At CA$1.42
Jun 11We 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 12Stability 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) | 3.3% |
| Market Bottom 25% (CA) | 1.8% |
| Market Top 25% (CA) | 6.1% |
| Industry Average (Banks) | 4.2% |
| Analyst forecast (RY) (up to 3 years) | 3.7% |
Notable Dividend: RY's dividend (3.25%) is higher than the bottom 25% of dividend payers in the Canadian market (1.75%).
High Dividend: RY's dividend (3.25%) is low compared to the top 25% of dividend payers in the Canadian market (6.14%).
Current Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (49%), 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 (46.4% payout ratio).