Royal Bank Of Canada (RY) Dividends (2024)

FAQs

Is Royal Bank of Canada a good dividend stock? ›

Royal Bank of Canada Has A Solid Track Record

Even over a long history of paying dividends, the company's distributions have been remarkably stable. The annual payment during the last 10 years was CA$2.68 in 2014, and the most recent fiscal year payment was CA$5.68.

During the past 13 years, the highest Dividend Payout Ratio of Royal Bank of Canada was 0.55. The lowest was 0.39. And the median was 0.47. As of today (2024-09-06), the Dividend Yield % of Royal Bank of Canada is 3.32%.

Regular payouts for RY are paid quarterly.

TORONTO, Aug. 28, 2024 /CNW/ - Royal Bank of Canada (TSX: RY) (NYSE: RY) announced today that its board of directors has declared a quarterly common share dividend of $1.42 per share, payable on and after November 22, 2024, to common shareholders of record at the close of business on October 24, 2024.

Bank of Nova Scotia's dividend yield, which is the highest among its peers, is supported by businesses in higher-growth emerging markets, primarily in Latin America.

Canadian banks have paid safe dividends for a long time, and several of them have increased payouts over the decades. If you want to establish positions in the top bank stocks, these two are my top picks from Canadian bank stocks to consider for your self-directed portfolio.

Key Takeaways

A low payout ratio can signal that a company is reinvesting the bulk of its earnings into expanding operations. A payout ratio over 100% indicates that the company is paying out more in dividends than its earnings can support and this could be an unsustainable practice.

Healthy. A range of 35% to 55% is considered healthy and appropriate from a dividend investor's point of view. A company that is likely to distribute roughly half of its earnings as dividends means that the company is well established and a leader in its industry.

So, what counts as a “good” dividend payout ratio? Generally speaking, a dividend payout ratio of 30-50% is considered healthy, while anything over 50% could be unsustainable.

Royal Bank Of Canada stock (symbol: RY) underwent a total of 2 stock splits. The most recent stock split occurred on April 7th, 2006.

Does RBC have a drip? ›

The Dividend Reinvestment Plan (DRIP) allows you to automatically reinvest the cash dividends ¹ you earn from your equity investments. RBC Direct Investing purchases shares ² in the same companies on your behalf on the dividend payment date. No fees or commissions apply.

TSE:RY's annual dividend yield is 3.53%. When is Royal Bank Of Canada ex-dividend date? Royal Bank Of Canada's previous ex-dividend date was on Jul 25, 2024. Royal Bank Of Canada shareholders who own TSE:RY stock before this date received Royal Bank Of Canada's last dividend payment of C$1.42 per share on Aug 23, 2024.

RY Stock 12 Month Forecast

Based on 13 Wall Street analysts offering 12 month price targets for Royal Bank Of Canada in the last 3 months. The average price target is $125.35 with a high forecast of $135.75 and a low forecast of $110.67. The average price target represents a 1.93% change from the last price of $122.98.

With inflation heading towards the target and a weaker job market, the Bank of Canada will gradually lower its policy rate toward the neutral level. We expect the policy rate to reach 4.25% by the end of 2024.

Royal Bank Of Canada's analyst rating consensus is a Strong Buy. This is based on the ratings of 13 Wall Streets Analysts.

As inflationary pressures and high interest rates created a tough borrowing environment for consumers and businesses, the bank's lending activities suffered. As a result, Royal Bank's stock price declined by about 27% from its peak in January 2022 to its lows in October 2023.