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

Royal Bank of Canada logo
$123.16
+0.89 (+0.73%)
(As of 11/5/2024 ET)

Dividend Summary

Dividend Yield
3.41%
Annual Dividend
$4.20
Dividend Increase
Track Record
14 Years
Annualized 3-Year
Dividend Growth
7.57%
Dividend Payout Ratio
50.79%
Next
Dividend Payment
Nov. 22
Skip Charts & View Dividend History

Royal Bank of Canada vs. The Competition

TypeRoyal Bank of CanadaFinance CompaniesNYSE Companies
Annual Dividend$4.20$1.73$1.43
Dividend Yield3.41%1,013.16%356.82%
Annualized 3-Year Dividend Growth7.57%12.90%15.72%
Track Record14 years16 years24 years

Royal Bank of Canada Dividend Payout Ratio

TypePayout Ratio
Based on Trailing 12 Months of Earnings50.79%
Based on This Year's Estimates47.14%
Based on Next Year's Estimates43.98%
Based on Cashflow41.54%

Royal Bank of Canada Dividend History by Quarter

AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
8/28/2024Quarterly$1.02803.46%10/24/202410/24/202411/22/2024
5/30/2024Quarterly$1.033.8%7/25/20247/25/20248/23/2024
2/29/2024quarterly$1.02074.2%4/24/20244/25/20245/24/2024
12/1/2023quarterly$1.01554.5%1/24/20241/25/20242/23/2024
8/24/2023Quarterly$1.01904.51%10/25/202310/26/202311/24/2023
5/25/2023Quarterly$0.99604.47%7/25/20237/26/20238/24/2023
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3/1/2023Quarterly$0.99204.04%4/24/20234/25/20235/24/2023
11/30/2022quarterly$0.98323.9%1/25/20231/26/20232/24/2023
8/24/2022Quarterly$1.004.21%10/25/202210/26/202211/24/2022
5/26/2022Quarterly$0.99503.95%7/25/20227/26/20228/24/2022
2/24/2022Quarterly$0.94403.51%4/22/20224/25/20225/24/2022
12/1/2021Quarterly$0.93903.83%1/25/20221/26/20222/24/2022
8/26/2021quarterly$0.85803.3%10/25/202110/26/202111/24/2021
5/28/2021quarterly$0.89153.3%7/23/20217/26/20218/24/2021
2/25/2021quarterly$0.85763.9%4/21/20214/22/20215/21/2021
12/2/2020Quarterly$0.81103.95%1/25/20211/26/20212/24/2021
8/26/2020Quarterly$0.80504.18%10/23/202010/26/202011/24/2020
5/28/2020quarterly$0.78394.6%7/24/20207/27/20208/24/2020
2/21/2020Quarterly$0.81603.95%4/22/20204/23/20205/22/2020
12/5/2019quarterly$0.78974%1/24/20201/27/20202/24/2020
8/21/2019Quarterly$0.79604.24%10/23/201910/24/201911/22/2019
5/24/2019quarterly$0.75963.93%7/24/20197/25/20198/23/2019
2/25/2019quarterly$0.77043.97%4/24/20194/25/20195/24/2019
11/28/2018Quarterly$0.74504.03%1/23/20191/24/20192/22/2019
8/22/2018Quarterly$0.75303.8%10/24/201810/25/201811/23/2018
5/25/2018quarterly$0.72963.84%7/25/20187/26/20188/24/2018
2/22/2018Quarterly$0.743.7%4/24/20184/25/20185/24/2018
11/30/2017quarterly$0.71573.66%1/24/20181/25/20182/23/2018
8/23/2017Quarterly$0.72403.9%10/25/201710/26/201711/24/2017
5/25/2017quarterly$0.64393.7%7/24/20177/26/20178/24/2017
2/24/2017quarterly$0.66383.6%4/21/20174/25/20175/24/2017
11/30/2016quarterly$0.61523.98%1/24/20171/26/20172/24/2017
8/25/2016quarterly$0.64494.1%10/24/201610/26/201611/24/2016
5/27/2016quarterly$0.61633.99%7/22/20167/26/20168/24/2016
2/25/2016quarterly$0.58844.71%4/21/20164/25/20165/24/2016
12/2/2015$0.59101/22/20161/26/20162/24/2016
8/26/2015Quarterly$0.594210/22/201510/26/201511/24/2015
5/28/2015quarterly$0.62703.9%7/23/20157/27/20158/24/2015
2/26/2015quarterly$0.61443.94%4/21/20154/23/20155/22/2015
12/4/2014quarterly$0.65693.71%1/22/20151/26/20152/24/2015
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8/22/2014quarterly$0.68893.73%10/23/201410/27/201411/24/2014
5/23/2014quarterly$0.65293.77%7/22/20147/24/20148/22/2014
2/27/2014quarterly$0.63893.93%4/22/20144/24/20145/23/2014
12/5/2013$0.62771/23/20141/27/20142/24/2014
12/6/2013quarterly$0.62953.88%1/23/20141/27/20142/24/2014
8/29/2013quarterly$0.63834.12%10/22/201310/24/201311/22/2013
5/30/2013quarterly$0.61054.01%7/23/20137/25/20138/23/2013
2/28/2013quarterly$0.633.96%4/23/20134/25/20135/24/2013
(Data available from 1/1/2013 forward)

Royal Bank of Canada Dividend - Frequently Asked Questions

What is Royal Bank of Canada's dividend yield?

The current dividend yield for Royal Bank of Canada is 3.41%. Learn more on RY's dividend yield history.

How much is Royal Bank of Canada's annual dividend?

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

How often does Royal Bank of Canada pay dividends?

Royal Bank of Canada pays quarterly dividends to shareholders.

When is Royal Bank of Canada's next dividend payment?

Royal Bank of Canada's next quarterly dividend payment of $1.0280 per share will be made to shareholders on Friday, November 22, 2024.

When was Royal Bank of Canada's most recent dividend payment?

Royal Bank of Canada's most recent quarterly dividend payment of $1.03 per share was made to shareholders on Friday, August 23, 2024.

When was Royal Bank of Canada's most recent ex-dividend date?

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

Is Royal Bank of Canada's dividend growing?

Over the past three years, the company's dividend has grown by an average of 7.57% per year.

What track record does Royal Bank of Canada have of raising its dividend?

Royal Bank of Canada has increased its dividend for the past 14 consecutive years.

When did Royal Bank of Canada last increase or decrease its dividend?

The most recent change in the company's dividend was a decrease of $0.0020 on Wednesday, August 28, 2024.

What is Royal Bank of Canada's dividend payout ratio?
The dividend payout ratio for RY is:
  • 50.79% based on the trailing year of earnings
  • 47.14% based on this year's estimates
  • 43.98% based on next year's estimates
  • 41.54% based on cash flow
Is Royal Bank of Canada a good dividend stock?

Royal Bank of Canada's dividend yield of 3.45% is lower than the average Finance company that issues a dividend. The company's 14 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 50.79% is at a healthy, sustainable level, below 75% of its earnings.


This page (NYSE:RY) was last updated on 11/5/2024 by MarketBeat.com Staff
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