Royal Bank of Canada Stock Dividends
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 |
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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 | |
|---|---|---|---|---|---|
| 81 | Aug 26, 2003 | Oct 23, 2003 | Nov 24, 2003 | $0.230 | 0.94% |
| 82 | May 30, 2003 | Jul 21, 2003 | Aug 22, 2003 | $0.215 | 1.01% |
| 83 | Feb 28, 2003 | Apr 21, 2003 | May 23, 2003 | $0.215 | 0.97% |
| 84 | Nov 20, 2002 | Jan 23, 2003 | Feb 24, 2003 | $0.200 | 1.04% |
| 85 | Aug 21, 2002 | Oct 21, 2002 | Nov 22, 2002 | $0.200 | 1.09% |
| 86 | May 22, 2002 | Jul 22, 2002 | Aug 23, 2002 | $0.190 | 1.09% |
| 87 | Feb 22, 2002 | Apr 22, 2002 | May 24, 2002 | $0.190 | 1.02% |
| 88 | Nov 20, 2001 | Jan 22, 2002 | Feb 22, 2002 | $0.180 | 1.20% |
| 89 | Aug 21, 2001 | Oct 22, 2001 | Nov 23, 2001 | $0.180 | 1.19% |
| 90 | May 23, 2001 | Jul 23, 2001 | Aug 24, 2001 | $0.180 | 1.09% |
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 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 (1.81%). 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 (11.02%), 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 | 164.475B | $1.55 | 9.72% | - | |
| Royal Bank of Canada | 147.318B | $1.02 | 4.25% | 32.49% |
