Royal Bank of Canada Stock Dividends
Royal Bank of Canada Stock Dividends Overview
RY pays dividends quarterly. Last paid amount was $1.02 at May 24, 2024. As of today, dividend yield (TTM) is 4.25%.
Dividend Yield Range
AI Analysis of RY
| Dividend Analysis | Generate |
Key Stats
| Dividend Yield (TTM) | 4.25% |
|---|---|
| Frequency | Quarterly |
| 1Y Growth | -0.86% |
| Payout Ratio | 0 |
| Amount Per Share | $1.02 |
| Next Ex-Dividend Date | Jul 25, 2024 |
| Next Payment Date | Aug 23, 2024 |
Upcoming Dividend Payment
To receive the upcoming dividend from RY the purchase should be done within the next 52 days.
Here's a simple guide on how to buy RY stock.
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 | |
|---|---|---|---|---|---|
| 1 | May 30, 2024 | Jul 25, 2024 | Aug 23, 2024 | $1.03 | 0.94% |
| 2 | Feb 29, 2024 | Apr 24, 2024 | May 24, 2024 | $1.02 | 0.97% |
| 3 | Dec 01, 2023 | Jan 24, 2024 | Feb 23, 2024 | $1.02 | 1.03% |
| 4 | Aug 24, 2023 | Oct 25, 2023 | Nov 24, 2023 | $0.98 | 1.12% |
| 5 | May 25, 2023 | Jul 25, 2023 | Aug 24, 2023 | $1.03 | 1.13% |
| 6 | Mar 01, 2023 | Apr 24, 2023 | May 24, 2023 | $0.98 | 1.07% |
| 7 | Nov 30, 2022 | Jan 25, 2023 | Feb 24, 2023 | $0.99 | 0.98% |
| 8 | Aug 24, 2022 | Oct 25, 2022 | Nov 24, 2022 | $0.93 | 0.93% |
| 9 | May 26, 2022 | Jul 25, 2022 | Aug 24, 2022 | $0.99 | 1.04% |
| 10 | Feb 24, 2022 | Apr 22, 2022 | May 24, 2022 | $0.95 | 0.95% |
Dividend Sustainability
The company's low Dividend Sustainability Score (DSS) highlights potential challenges in upholding its current dividend levels. Unfortunately, its low Dividend Growth Potential Score (DGPS) suggests limited prospects for dividend growth. In conclusion, a more vigilant stance is recommended given the company's tentative dividend landscape.
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 pays a solid dividend yield of 4.25%, which is higher than the average of the bottom 25% of dividend payers in the US market (1.76%). RY’s dividend yield is lower than the average of the top 25% of dividend payers in the Financial Services sector in the US market (11.09%), which means that there are more attractive dividend stocks to consider.
RY Stock Competitors
| Symbol | Amount Per Share | Dividend Yield (TTM) | Payout Ratio (TTM) | ||
|---|---|---|---|---|---|
| HSBC Holdings plc | 166.286B | $1.55 | 9.73% | - | |
| Royal Bank of Canada | 152.655B | $1.02 | 4.25% | 32.49% |
