Royal Bank Of Canada (RY) Dividends
Dividend Yield and Dividend History Highlights
- In terms of debt burden relative to earnings, RY has an EBITDA to net debt ratio of 15,717,000,000, ranking above 99.2% stocks in our set (note that its net debt is negative, meaning it has more cash than debt).
- Currently, RY generates more cash flow over the 12 months prior than 98.53% of US dividend stocks.
- As for stocks whose price is uncorrelated with RY's price and thus may be suitable peers for a diversified dividend portfolio, check out the following: WDFC, CAAS, STAF, XEL and AAON.
RY Price Forecast Based on Dividend Discount Model
| Current Price | DDM Fair Value Target: | Forecasted Gain: |
| $86.85 | $270.69 | 142.31% |
For dividend yielding stocks, the Dividend Discount Model (DDM) is a common valuation tool; it attempts to extrapolate a fair share price based primarily on the dividend the stock provides relative to a number of other quantiative aspects of its business. Regarding Royal Bank Of Canada, the dividend discount model StockNews created for the company implies a positive return of 142.31%. To help understand and contextualize the model's evaluation of RY, investors may wish to consider are:
- Given its market cap of around 159 billion US dollars, its dividend yield of 3.4 is greater than 80.45% of its fellow stocks in the large market cap class.
- In comparison to other US listed dividend yielding stocks in the Financial Services sector, Royal Bank Of Canada's expected return of 142.31% is higher than 79.38% of its fellow sector mates.
- Compared to all dividend issuing stocks in our set, RY has a discount rate lower than 79.38% of them (a lower discount rate is associated with lower risk).
RY Dividend History
| Ex-Dividend Date | Type | Payout Amount | Change |
|---|---|---|---|
| 2023-07-25 | Dividend | $1.02 | +4.41% |
| 2023-04-24 | Dividend | $0.98 | +0.41% |
| 2023-01-25 | Dividend | $0.97 | +5.08% |
| 2022-10-25 | Dividend | $0.93 | -6.94% |
| 2022-07-25 | Dividend | $0.99 | +3.65% |
| 2022-04-22 | Dividend | $0.96 | +1.05% |
| 2022-01-25 | Dividend | $0.95 | +11.65% |
| 2021-10-25 | Dividend | $0.85 | -2.41% |
| 2021-07-23 | Dividend | $0.87 | +2.71% |
| 2021-01-25 | Dividend | $0.85 | +4.56% |
| 2020-10-23 | Dividend | $0.81 | +1.63% |
| 2020-07-24 | Dividend | $0.80 | +3.91% |
| 2020-04-22 | Dividend | $0.77 | -4.95% |
| 2020-01-24 | Dividend | $0.81 | +1.89% |
| 2019-10-23 | Dividend | $0.79 | +1.80% |
| 2019-07-24 | Dividend | $0.78 | +1.96% |
| 2019-04-24 | Dividend | $0.76 | +6.26% |
| 2019-01-23 | Dividend | $0.72 | -5.27% |
| 2018-10-24 | Dividend | $0.76 | +6.01% |
| 2018-07-25 | Dividend | $0.72 | -3.24% |
| 2018-04-24 | Dividend | $0.74 | +4.23% |
| 2018-01-24 | Dividend | $0.71 | -1.93% |
| 2017-10-25 | Dividend | $0.72 | +7.90% |
| 2017-07-24 | Dividend | $0.67 | -48.86% |
| 2017-04-21 | Dividend | $1.31 | +112.30% |
| 2017-01-24 | Dividend | $0.62 | -2.22% |
| 2016-10-24 | Dividend | $0.63 | +0.80% |
| 2016-07-22 | Dividend | $0.63 | +0.64% |
| 2016-04-21 | Dividend | $0.62 | +9.11% |
| 2016-01-22 | Dividend | $0.57 | -27.72% |
| 2015-10-22 | Dividend | $0.79 | +28.23% |
| 2015-07-23 | Dividend | $0.62 | -0.45% |
| 2015-04-21 | Dividend | $0.62 | -0.27% |
| 2015-01-22 | Dividend | $0.62 | -6.98% |
| 2014-10-23 | Dividend | $0.67 | +1.01% |
| 2014-07-22 | Dividend | $0.66 | +2.24% |
| 2014-04-22 | Dividend | $0.65 | +6.09% |
| 2014-01-23 | Dividend | $0.61 | -6.42% |
| 2013-10-22 | Dividend | $0.65 | +7.23% |
| 2013-07-23 | Dividend | $0.61 | -1.17% |
| 2013-04-23 | Dividend | $0.61 | +0.99% |
| 2013-01-22 | Dividend | $0.61 | +0.73% |
| 2012-10-23 | Dividend | $0.60 | +7.67% |
| 2012-07-24 | Dividend | $0.56 | -2.44% |
| 2012-04-23 | Dividend | $0.57 | +7.38% |
| 2012-01-24 | Dividend | $0.54 | +0.26% |
| 2011-10-24 | Dividend | $0.53 | -6.65% |
| 2011-07-22 | Dividend | $0.57 | +10.41% |
| 2011-04-21 | Dividend | $0.52 | +3.15% |
| 2011-01-24 | Dividend | $0.50 | +2.45% |
| 2010-10-22 | Dividend | $0.49 | +4.26% |
| 2010-07-22 | Dividend | $0.47 | -6.00% |
| 2010-04-20 | Dividend | $0.50 | +4.17% |
| 2010-01-22 | Dividend | $0.48 | -- |
| 2009-10-22 | Dividend | $0.48 | +6.19% |
| 2009-07-23 | Dividend | $0.45 | +11.47% |
| 2009-04-21 | Dividend | $0.41 | +2.40% |
| 2009-01-22 | Dividend | $0.40 | -4.72% |
| 2008-10-23 | Dividend | $0.42 | -16.55% |
| 2008-07-22 | Dividend | $0.50 | +0.40% |
| 2008-04-22 | Dividend | $0.50 | +1.22% |
| 2008-01-22 | Dividend | $0.49 | -5.41% |
| 2007-10-23 | Dividend | $0.52 | +18.00% |
| 2007-07-24 | Dividend | $0.44 | +8.40% |
| 2007-04-23 | Dividend | $0.41 | +1.25% |
| 2007-01-23 | Dividend | $0.40 | +12.36% |
| 2006-10-24 | Dividend | $0.36 | +12.55% |
| 2006-07-24 | Dividend | $0.32 | -- |
| 2006-04-21 | Dividend | $0.32 | +14.29% |
| 2006-04-07 | Split | 2-1-for-1 Stock Split | N/A |
| 2006-01-24 | Dividend | $0.56 | +2.14% |
| 2005-10-21 | Dividend | $0.55 | -10.56% |
| 2005-07-22 | Dividend | $0.61 | +37.29% |
| 2005-04-21 | Dividend | $0.44 | -0.96% |
| 2005-01-24 | Dividend | $0.45 | +7.45% |
| 2004-10-22 | Dividend | $0.42 | +5.83% |
| 2004-07-22 | Dividend | $0.39 | +1.15% |
| 2004-04-20 | Dividend | $0.39 | +11.43% |
| 2004-01-22 | Dividend | $0.35 | -- |
| 2003-10-23 | Dividend | $0.35 | +12.11% |
| 2003-07-21 | Dividend | $0.31 | +4.07% |
| 2003-04-21 | Dividend | $0.30 | +15.38% |
| 2003-01-23 | Dividend | $0.26 | +4.00% |
| 2002-10-21 | Dividend | $0.25 | -- |
| 2002-07-22 | Dividend | $0.25 | +4.17% |
| 2002-04-22 | Dividend | $0.24 | +9.09% |
| 2002-01-22 | Dividend | $0.22 | -4.35% |
| 2001-10-22 | Dividend | $0.23 | -- |
| 2001-07-23 | Dividend | $0.23 | +9.52% |
| 2001-04-20 | Dividend | $0.21 | -4.55% |
| 2001-01-22 | Dividend | $0.22 | -26.67% |
| 2000-10-23 | Dividend | $0.30 | -- |
| 2000-10-06 | Split | 2-1-for-1 Stock Split | N/A |
| 2000-07-21 | Dividend | $0.60 | +11.11% |
| 2000-04-19 | Dividend | $0.54 | -- |
| 2000-01-21 | Dividend | $0.54 | +12.50% |
| 1999-10-21 | Dividend | $0.48 | -- |
| 1999-07-22 | Dividend | $0.48 | +4.35% |
| 1999-04-21 | Dividend | $0.46 | +300.00% |
| 1999-01-21 | Dividend | $0.12 | -- |
| 1998-10-22 | Dividend | $0.12 | -- |
| 1998-07-23 | Dividend | $0.12 | +9.52% |
| 1998-04-22 | Dividend | $0.11 | -- |
| 1998-01-22 | Dividend | $0.11 | +7.69% |
| 1997-10-23 | Dividend | $0.10 | -- |
| 1997-07-22 | Dividend | $0.10 | +5.41% |
| 1997-04-22 | Dividend | $0.09 | -- |
| 1997-01-23 | Dividend | $0.09 | +8.82% |
| 1996-10-22 | Dividend | $0.09 | -- |
| 1996-07-22 | Dividend | $0.09 | -- |
RY Dividends vs. Peers
RY's dividend yield currently ranks #2 of 110 vs. its peers in the Foreign Banks category.
Looking for More Information on RY dividends?
Here are a few links from around the web to help you further your research on Royal Bank Of Canada and its dividends:Royal Bank Of Canada Common Stock (RY) Dividend History | Nasdaq
Dividend History for Royal Bank Of Canada (RY) - Dividend Investor
Royal Bank Of Canada (RY) Dividend History - Seeking Alpha