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Royal Bank of Canada Dividend
Dividend criteria checks 5/6
Key information
4.1%
Dividend yield
48%
Payout ratio
Industry average yield | 3.7% |
Next dividend pay date | 24 May 23 |
Ex dividend date | 24 Apr 23 |
Dividend per share | n/a |
Earnings per share | CHF10.56 |
Dividend yield forecast in 3Y | 4.6% |
Recent dividend updates
Recent updates
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 |
---|
Segment | Dividend Yield |
---|---|
Company (RY) | 4.1% |
Market Bottom 25% (CH) | 2.0% |
Market Top 25% (CH) | 4.0% |
Industry Average (Banks) | 3.7% |
Analyst forecast in 3 Years (RY) | 4.6% |
Notable Dividend: RY's dividend (4.07%) is higher than the bottom 25% of dividend payers in the Swiss market (1.89%).
High Dividend: RY's dividend (4.07%) is low compared to the top 25% of dividend payers in the Swiss market (4.24%).
Current Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (48.2%), 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 (46.1% payout ratio).