Royal Bank of Canada Dividend
Dividend criteria checks 5/6
Royal Bank of Canada is a dividend paying company with a current yield of 3.7% that is well covered by earnings.
Key information
3.7%
Dividend yield
50%
Payout ratio
Industry average yield | 4.7% |
Next dividend pay date | n/a |
Ex dividend date | n/a |
Dividend per share | CA$5.680 |
Earnings per share | CA$10.84 |
Dividend yield forecast in 3Y | 4.1% |
Recent dividend updates
Recent updates
Royal 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 12Royal Bank of Canada (TSE:RY) Is Increasing Its Dividend To CA$1.38
Dec 13Stability 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 |
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Segment | Dividend Yield |
---|---|
Company (RY) | 3.7% |
Market Bottom 25% (CA) | 1.8% |
Market Top 25% (CA) | 6.2% |
Industry Average (Banks) | 4.7% |
Analyst forecast in 3 Years (RY) | 4.1% |
Notable Dividend: RY's dividend (3.7%) is higher than the bottom 25% of dividend payers in the Canadian market (1.77%).
High Dividend: RY's dividend (3.7%) is low compared to the top 25% of dividend payers in the Canadian market (6.22%).
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 (48.5% payout ratio).