Royal Bank of Canada Dividend
Dividend criteria checks 4/6
Royal Bank of Canada is a dividend paying company with a current yield of 4.66% that is well covered by earnings.
Key information
4.7%
Dividend yield
51%
Payout ratio
Industry average yield | 3.2% |
Next dividend pay date | n/a |
Ex dividend date | n/a |
Dividend per share | n/a |
Earnings per share | US$10.25 |
Dividend yield forecast in 3Y | 5.4% |
Recent dividend updates
Recent updates
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: RY.PRT's dividends per share have been stable in the past 10 years.
Growing Dividend: RY.PRT'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.PRT) | 4.7% |
Market Bottom 25% (US) | 1.6% |
Market Top 25% (US) | 4.9% |
Industry Average (Banks) | 3.2% |
Analyst forecast in 3 Years (RY.PRT) | 5.4% |
Notable Dividend: RY.PRT's dividend (4.66%) is higher than the bottom 25% of dividend payers in the US market (1.56%).
High Dividend: RY.PRT's dividend (4.66%) is low compared to the top 25% of dividend payers in the US market (4.79%).
Current Payout to Shareholders
Earnings Coverage: With its reasonable payout ratio (50.9%), RY.PRT's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years or that it will be covered by earnings.