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Royal Bank of Canada Dividend
Dividend criteria checks 5/6
Royal Bank of Canada is a dividend paying company with a current yield of 3.92% that is well covered by earnings.
Key information
3.9%
Dividend yield
50%
Payout ratio
| Industry average yield | 2.9% |
| 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 | 4.4% |
Recent dividend updates
No updates
Recent updates
No updates
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: RBMC.F's dividends per share have been stable in the past 10 years.
Growing Dividend: RBMC.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 (RBMC.F) | 3.9% |
| Market Bottom 25% (US) | 1.4% |
| Market Top 25% (US) | 4.3% |
| Industry Average (Banks) | 2.9% |
| Analyst forecast (RBMC.F) (up to 3 years) | 4.4% |
Notable Dividend: RBMC.F's dividend (3.92%) is higher than the bottom 25% of dividend payers in the US market (1.53%).
High Dividend: RBMC.F's dividend (3.92%) is low compared to the top 25% of dividend payers in the US market (4.78%).
Current Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (50%), RBMC.F's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: RBMC.F's dividends in 3 years are forecast to be well covered by earnings (48.4% payout ratio).