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 | US$4.211 |
| Payout ratio | 49% |
Recent dividend and buyback updates
Recent updates
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: RBCP.F's dividends per share have been stable in the past 10 years.
Growing Dividend: RBCP.F'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 (RBCP.F) | 3.3% |
| Market Bottom 25% (US) | 1.4% |
| Market Top 25% (US) | 4.3% |
| Industry Average (Banks) | 2.5% |
| Analyst forecast (RBCP.F) (up to 3 years) | 3.7% |
Notable Dividend: RBCP.F's dividend (3.25%) is higher than the bottom 25% of dividend payers in the US market (1.37%).
High Dividend: RBCP.F's dividend (3.25%) is low compared to the top 25% of dividend payers in the US market (4.26%).
Current Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (49%), RBCP.F's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: RBCP.F's dividends in 3 years are forecast to be well covered by earnings (46.4% payout ratio).