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Royal Bank of Canada (RY) Dividend Yield, Date & History

Royal Bank of Canada logo
$120.46 +0.38 (+0.32%)
As of 01/17/2025 03:59 PM Eastern
This is a fair market value price provided by Polygon.io. Learn more.

Royal Bank of Canada Dividend Summary

Dividend Yield
3.49%
Annual Dividend
$4.20
Next
Dividend Payment
Feb. 24
Dividend Increase
Track Record
15 Years
Annualized 3-Year
Dividend Growth
9.04%
Dividend Payout Ratio
50.85%

Royal Bank of Canada (RY) pays an annual dividend of $4.20 per share, with a dividend yield of 3.49%. The next quarterly payment of $1.0522 per share is scheduled for Monday, February 24, to investors who own the stock before the ex-dividend date of Monday, January 27. RY has grown its dividend for 15 consecutive years, with an average annual increase of 2.93%. The company currently pays out 50.85% of its earnings and 39.57% of its cash flow as dividends.

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RY Dividend Payments by Quarter

The chart below displays up to four years of Royal Bank of Canada's dividend payment history by quarter. The blue bars represent historical dividend payments, while the gray bars indicate future payments.

RY Dividend Yield Over Time

The chart below tracks Royal Bank of Canada's dividend yield over the past four years. The line represents changes in yield by quarter, providing a clear view of trends over time.

Royal Bank of Canada vs. The Competition

Compare Royal Bank of Canada's annual dividend, yield, and 3-year growth rate with averages for Finance and NYSE companies to evaluate its performance against the market.

TypeRoyal Bank of CanadaFinance CompaniesNYSE Companies
Annual Dividend$4.20$0.02$1.58
Dividend Yield3.49%5.84%3.71%
Annualized 3-Year Dividend Growth9.04%12.30%12.26%
Track Record15 years18 years25 years

Royal Bank of Canada Dividend Payout Ratio

Dividend payout ratios express the dividend as a percentage of another metric, such as earnings or cash flow, and can be used to assess dividend sustainability.

TypePayout Ratio
Based on Trailing 12 Months of Earnings50.85%
Based on This Year's Estimate45.65%
Based on Next Year's Estimate41.42%
Based on Cashflow39.57%

Royal Bank of Canada Dividend History by Quarter

AnnouncedPeriodPaymentPayment ChangeYieldEx-Dividend DateRecord DatePayable Date
12/5/2024quarterly$1.0522+$0.0242
2.36%
3.2%1/27/20251/27/20252/24/2025
8/28/2024Quarterly$1.0280-$0.0020
0.19%
3.46%10/24/202410/24/202411/22/2024
5/30/2024Quarterly$1.03+$0.0093
0.91%
3.8%7/25/20247/25/20248/23/2024
2/29/2024quarterly$1.0207+$0.0052
0.51%
4.2%4/24/20244/25/20245/24/2024
12/1/2023quarterly$1.0155-$0.0035
0.34%
4.5%1/24/20241/25/20242/23/2024
8/24/2023Quarterly$1.0190+$0.0230
2.31%
4.51%10/25/202310/26/202311/24/2023
5/25/2023Quarterly$0.9960+$0.0040
0.40%
4.47%7/25/20237/26/20238/24/2023
3/1/2023Quarterly$0.9920+$0.0088
0.89%
4.04%4/24/20234/25/20235/24/2023

This table shows Royal Bank of Canada's quarterlydividend history, including payout amounts, yield, dividend changes, and key dates. Use the date filter to explore data as far back as 2013 to analyze trends over time.

Royal Bank of Canada Dividend - Frequently Asked Questions

The current dividend yield for Royal Bank of Canada is 3.49%. Learn more on RY's dividend yield history.

The annual dividend for RY shares is $4.20. Learn more on RY's annual dividend history.

Royal Bank of Canada pays quarterly dividends to shareholders.

Royal Bank of Canada's next quarterly dividend payment of $1.0522 per share will be made to shareholders on Monday, February 24, 2025.

Royal Bank of Canada's most recent quarterly dividend payment of $1.0280 per share was made to shareholders on Friday, November 22, 2024.

Royal Bank of Canada's next ex-dividend date is Monday, January 27, 2025.

Royal Bank of Canada's most recent ex-dividend date was Thursday, October 24, 2024.

Over the past three years, the company's dividend has grown by an average of 9.04% per year.

Royal Bank of Canada has increased its dividend for the past 15 consecutive years.

The most recent change in the company's dividend was an increase of $0.0242 on Thursday, December 5, 2024.

The dividend payout ratio for RY is:
  • 50.85% based on the trailing year of earnings
  • 45.65% based on this year's estimates
  • 41.42% based on next year's estimates
  • 39.57% based on cash flow

Royal Bank of Canada's dividend yield of 3.55% is lower than the average Finance company that issues a dividend. The company's 15 consecutive years of dividend growth indicate that the company has a strong committment to maintain and grow its dividend. Royal Bank of Canada's dividend payout ratio of 50.85% is at a healthy, sustainable level, below 75% of its earnings.

Looking at the stock as a whole, market analysts rate Royal Bank of Canada stock as a Buy, with forecasts suggesting positive growth potential despite some reservations.


This page (NYSE:RY) was last updated on 1/19/2025 by MarketBeat.com Staff
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