Royal Bank of Canada Stock Dividends
RY.TO pays dividends quarterly. Last paid amount was $1.38 at May 24, 2024. As of today, dividend yield (TTM) is 6.23%.
Dividend Yield Range
AI Analysis of RY.TO
| Dividend Analysis | Generate |
Key Stats
| Dividend Yield (TTM) | 6.23% |
|---|---|
| Frequency | Quarterly |
| 1Y Growth | 2.22% |
| Payout Ratio | 0 |
| Amount Per Share | $1.38 |
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Royal Bank of Canada has not yet announced its next dividend date. Last payment date was: May 24, 2024.
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RY Dividend Payout History
To ensure a understanding of RY's dividend performance, consider examining the historical payout ratios and how they align with the company's earnings. Fluctuations in payout amounts may reflect changes in the company's dividend policy or earnings stability.
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 111 | Mar 05, 1997 | Apr 22, 1997 | May 23, 1997 | $0.0925 | 0.616% |
| 112 | Dec 04, 1996 | Jan 23, 1997 | Feb 24, 1997 | $0.0925 | 0.678% |
| 113 | Sep 12, 1996 | Oct 22, 1996 | Nov 22, 1996 | $0.0850 | 0.729% |
| 114 | Jun 11, 1996 | Jul 22, 1996 | Aug 23, 1996 | $0.0850 | 0.97% |
| 115 | Mar 06, 1996 | Apr 22, 1996 | May 24, 1996 | $0.0213 | 0.259% |
| 116 | Dec 05, 1995 | Jan 22, 1996 | Feb 23, 1996 | $0.0775 | 1.00% |
| 117 | Sep 06, 1995 | Oct 23, 1995 | Nov 24, 1995 | $0.0775 | 0.99% |
| 118 | Jun 13, 1995 | Jul 21, 1995 | Aug 24, 1995 | $0.0725 | 0.97% |
| 119 | Mar 07, 1995 | Apr 18, 1995 | May 24, 1995 | $0.0725 | 0.95% |
| 120 | Jan 20, 1994 | Jan 19, 1995 | Feb 24, 1995 | $0.0725 | 1.03% |
Dividend Sustainability
With a moderate Dividend Sustainability Score (DSS), the company may sustain its dividends, but continuous monitoring is advised for any financial shifts. However, its Dividend Growth Potential Score (DGPS) is only moderate, indicating limited growth potential. On the whole, the dividend outlook remains neutral, meriting close observation of both the company's financial health and growth prospects.
Sustainability score
Growth potential
RY Dividend Calculator
Dividend Calculator is designed to forecast the potential returns from RY dividends based on your individual investment size or the number of shares you own. Simply enter your total investment amount to see the cumulative dividend payment you could receive over a specified period.
Read how to invest in RY stock here.
Comparing RY to Sector and Country
RY.TO pays a solid dividend yield of 6.23%, which is higher than the average of the bottom 25% of dividend payers in the CA market (1.52%). RY.TO’s dividend yield is lower than the average of the top 25% of dividend payers in the Financial Services sector in the CA market (10.74%), which means that there are more attractive dividend stocks to consider.
