Royal Bank Of Canada (RY) Dividends

Royal Bank Of Canada (RY): $98.53

1.83 (-1.82%)

POWR Rating

Component Grades

Momentum

A

Stability

B

Sentiment

Quality

C

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Industry: Foreign Banks

Industry

C

Ranked

#88 of 90

in industry

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 Ex-Dividend Date
RY Dividend Yield
2.91%
RY Annual Dividend
$2.99
RY Payout Ratio

RY Price Forecast Based on Dividend Discount Model

Current PriceDDM Fair Value Target: Forecasted Gain:
$98.53$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
2023-10-25Dividend$0.99-2.45%
2023-07-25Dividend$1.02+4.41%
2023-04-24Dividend$0.98+0.41%
2023-01-25Dividend$0.97+5.08%
2022-10-25Dividend$0.93-6.94%
2022-07-25Dividend$0.99+3.65%
2022-04-22Dividend$0.96+1.05%
2022-01-25Dividend$0.95+11.65%
2021-10-25Dividend$0.85-2.41%
2021-07-23Dividend$0.87+2.71%
2021-01-25Dividend$0.85+4.56%
2020-10-23Dividend$0.81+1.63%
2020-07-24Dividend$0.80+3.91%
2020-04-22Dividend$0.77-4.95%
2020-01-24Dividend$0.81+1.89%
2019-10-23Dividend$0.79+1.80%
2019-07-24Dividend$0.78+1.96%
2019-04-24Dividend$0.76+6.26%
2019-01-23Dividend$0.72-5.27%
2018-10-24Dividend$0.76+6.01%
2018-07-25Dividend$0.72-3.24%
2018-04-24Dividend$0.74+4.23%
2018-01-24Dividend$0.71-1.93%
2017-10-25Dividend$0.72+7.90%
2017-07-24Dividend$0.67-48.86%
2017-04-21Dividend$1.31+112.30%
2017-01-24Dividend$0.62-2.22%
2016-10-24Dividend$0.63+0.80%
2016-07-22Dividend$0.63+0.64%
2016-04-21Dividend$0.62+9.11%
2016-01-22Dividend$0.57-27.72%
2015-10-22Dividend$0.79+28.23%
2015-07-23Dividend$0.62-0.45%
2015-04-21Dividend$0.62-0.27%
2015-01-22Dividend$0.62-6.98%
2014-10-23Dividend$0.67+1.01%
2014-07-22Dividend$0.66+2.24%
2014-04-22Dividend$0.65+6.09%
2014-01-23Dividend$0.61-6.42%
2013-10-22Dividend$0.65+7.23%
2013-07-23Dividend$0.61-1.17%
2013-04-23Dividend$0.61+0.99%
2013-01-22Dividend$0.61+0.73%
2012-10-23Dividend$0.60+7.67%
2012-07-24Dividend$0.56-2.44%
2012-04-23Dividend$0.57+7.38%
2012-01-24Dividend$0.54+0.26%
2011-10-24Dividend$0.53-6.65%
2011-07-22Dividend$0.57+10.41%
2011-04-21Dividend$0.52+3.15%
2011-01-24Dividend$0.50+2.45%
2010-10-22Dividend$0.49+4.26%
2010-07-22Dividend$0.47-6.00%
2010-04-20Dividend$0.50+4.17%
2010-01-22Dividend$0.48--
2009-10-22Dividend$0.48+6.19%
2009-07-23Dividend$0.45+11.47%
2009-04-21Dividend$0.41+2.40%
2009-01-22Dividend$0.40-4.72%
2008-10-23Dividend$0.42-16.55%
2008-07-22Dividend$0.50+0.40%
2008-04-22Dividend$0.50+1.22%
2008-01-22Dividend$0.49-5.41%
2007-10-23Dividend$0.52+18.00%
2007-07-24Dividend$0.44+8.40%
2007-04-23Dividend$0.41+1.25%
2007-01-23Dividend$0.40+12.36%
2006-10-24Dividend$0.36+12.55%
2006-07-24Dividend$0.32--
2006-04-21Dividend$0.32+14.29%
2006-04-07Split2-1-for-1 Stock SplitN/A
2006-01-24Dividend$0.56+2.14%
2005-10-21Dividend$0.55-10.56%
2005-07-22Dividend$0.61+37.29%
2005-04-21Dividend$0.44-0.96%
2005-01-24Dividend$0.45+7.45%
2004-10-22Dividend$0.42+5.83%
2004-07-22Dividend$0.39+1.15%
2004-04-20Dividend$0.39+11.43%
2004-01-22Dividend$0.35--
2003-10-23Dividend$0.35+12.11%
2003-07-21Dividend$0.31+4.07%
2003-04-21Dividend$0.30+15.38%
2003-01-23Dividend$0.26+4.00%
2002-10-21Dividend$0.25--
2002-07-22Dividend$0.25+4.17%
2002-04-22Dividend$0.24+9.09%
2002-01-22Dividend$0.22-4.35%
2001-10-22Dividend$0.23--
2001-07-23Dividend$0.23+9.52%
2001-04-20Dividend$0.21-4.55%
2001-01-22Dividend$0.22-26.67%
2000-10-23Dividend$0.30--
2000-10-06Split2-1-for-1 Stock SplitN/A
2000-07-21Dividend$0.60+11.11%
2000-04-19Dividend$0.54--
2000-01-21Dividend$0.54+12.50%
1999-10-21Dividend$0.48--
1999-07-22Dividend$0.48+4.35%
1999-04-21Dividend$0.46+300.00%
1999-01-21Dividend$0.12--
1998-10-22Dividend$0.12--
1998-07-23Dividend$0.12+9.52%
1998-04-22Dividend$0.11--
1998-01-22Dividend$0.11+7.69%
1997-10-23Dividend$0.10--
1997-07-22Dividend$0.10+5.41%
1997-04-22Dividend$0.09--
1997-01-23Dividend$0.09+8.82%
1996-10-22Dividend$0.09--
1996-07-22Dividend$0.09--


RY Dividends vs. Peers

RY's dividend yield currently ranks #2 of 110 vs. its peers in the Foreign Banks category.
Rank Symbol Name Dividend Yield
1 BBDO Banco Bradesco Sa American Depositary Shares (each representing one Common Share) 0.00%
2 RY Royal Bank Of Canada 0.00%
3 FBP First BanCorp (Puerto Rico) 0.00%
4 TD Toronto-Dominion Bank 0.00%
5 BBVA Banco Bilbao Vizcaya Argentaria S.A. 0.00%
6 SAN Banco Santander S.A. ADR 0.00%
7 MDIBY Mediobanca S.p.A 0.00%
8 UNCRY UniCredit S.p.A. 0.00%
9 EBKDY Erste Group Bank AG ADR 0.00%
10 MFG Mizuho Financial Group, Inc. Sponosred ADR (Japan) 0.00%
11 BCH Banco De Chile Banco De Chile ADS 0.00%
12 UOVEY United Overseas Bank Ltd. ADR 0.00%
13 BCS Barclays PLC ADR 0.00%
14 SBKFF State Bank of India 0.00%
15 SBRCY Sberbank of Russia PJSC 0.00%
16 CAIXY CaixaBank, S.A. 0.00%
17 CIB BanColombia S.A. 0.00%
18 MLYBY Malayan Banking Berhad 0.00%
19 HDB HDFC Bank Limited 0.00%
20 WBK Westpac Banking Corporation 0.00%
21 CBWBF Canadian Western Bank 0.00%
22 BBAR BBVA Banco Frances S.A. 0.00%
23 MQBKY Macquarie Group Ltd. 0.00%
24 SUTNY Sumitomo Mitsui Trust Holdings, Inc. 0.00%
25 OTPGF OTP Bank Nyrt. 0.00%
26 IDCBY Industrial and Commercial Bank of China Ltd. ADR 0.00%
27 SVNLY Svenska Handelsbanken AB 0.00%
28 OVCHY Oversea-Chinese Banking Corporation Limited 0.00%
29 SWDBY Swedbank AB ADR 0.00%
30 FCI FirstCaribbean International Bank Limited 0.00%
31 PBCRY PT Bank Central Asia Tbk 0.00%
32 SCBFF Standard Chartered PLC 0.00%
33 SCGLY Societe Generale (France) ADR 0.00%
34 KB KB Financial Group Inc. ADR 0.00%
35 CM Canadian Imperial Bank of Commerce 0.00%
36 CIBEY Commercial International Bank -Egypt S.A.E 0.00%
37 CICHY China Construction Bank Corp. ADR 0.00%
38 SHG Shinhan Financial Group Co. Ltd. ADR 0.00%
39 TKYVY Turkiye Vakiflar Bankasi T.A.O. 0.00%
40 ITCB Itau CorpBanca ADR 0.00%
41 GGAL Grupo Financiero Galicia S.A., Class B Shares underlying 0.00%
42 NABZY National Australia Bank Ltd. ADR 0.00%
43 NDBKY Nedbank Group Ltd 0.00%
44 CMAKY China Minsheng Banking Corp., Ltd. 0.00%
45 CMWAY Commonwealth Bank of Australia ADR 0.00%
46 FANDY FirstRand Limited 0.00%
47 BLX Banco Latinoamericano de Comercio Exterior, S.A. 0.00%
48 BMA Banco Macro S.A. ADR (representing Ten Class B Common Shares) 0.00%
49 ISNPY Intesa Sanpaolo S.p.A. ADR 0.00%
50 SMFG Sumitomo Mitsui Financial Group Inc. ADR 0.00%
51 BMO Bank Of Montreal 0.00%
52 HSBC HSBC Holdings PLC ADR 0.00%
53 ANZBY Australia and New Zealand Banking Group Limited 0.00%
54 BNS Bank of Nova Scotia 0.00%
55 EWBC East West Bancorp, Inc. 0.00%
56 CRARY Crédit Agricole S.A. 0.00%
57 SGBLY Standard Bank Group 0.00%
58 OFG OFG Bancorp 0.00%
59 BSAC Banco Santander - Chile ADS 0.00%
60 BSBR Banco Santander (Brasil) S.A. ADR 0.00%
61 RBS Royal Bank of Scotland Group Plc New (The) ADS 0.00%
62 MUFG Mitsubishi UFJ Financial Group Inc. ADR 0.00%
63 BSMX Banco Santander Mexico, S.A., Institucion de Banca Multiple, Grupo Financiero Santander Mexico 0.00%
64 CS Credit Suisse Group AG ADR 0.00%
65 TKGZY Turkiye Garanti Bankasi A.S. 0.00%
66 NRDBY Nordea Bank Abp 0.00%
67 KBCSY KBC Group N.V. ADR 0.00%
68 GBOOY Grupo Financiero Banorte S.A.B. de C.V. ADR 0.00%
69 IBN ICICI Bank Ltd. ADR 0.00%
70 NTIOF National Bank of Canada 0.00%
71 WF Woori Financial Group 0.00%
72 NTXFY Natixis S.A. 0.00%
73 BACHY Bank of China Ltd. ADR 0.00%
74 UBS UBS Group AG 0.00%
75 NWG NatWest Group PLC ADR 0.00%
76 PPERY Bank Mandiri (Persero) ADR 0.00%
77 AAVMY ABN AMRO Bank N.V. 0.00%
78 BDORY Banco do Brasil S/A ADR 0.00%
79 BDOUY BDO Unibank, Inc. 0.00%
80 ACGBY Agricultural Bank of China Limited 0.00%
81 BHKLY BOC Hong Kong (Holdings) Ltd. ADR 0.00%
82 CRZBY Commerzbank AG 0.00%
83 NTB Bank of N.T. Butterfield & Son Limited (The) Voting Ordinary Shares 0.00%
84 KPCPY Kasikornbank Public Company Limited 0.00%
85 AVAL Grupo Aval Acciones y Valores S.A. ADR (Each representing 20 preferred shares) 0.00%
86 BKEAY The Bank of East Asia, Limited 0.00%
87 ING ING Groep N.V. ADR 0.00%
88 HACBY The Hachijuni Bank, Ltd. 0.00%
89 PSTVY Postal Savings Bank of China Co., Ltd. 0.00%
90 THBIY Turkiye Halk Bankasi AS 0.00%
91 LYG Lloyds Banking Group PLC ADR 0.00%
92 DB Deutsche Bank AG 0.00%
93 AGRPY Absa Group Limited 0.00%
94 DBSDY DBS Group Holdings Ltd. ADR 0.00%
95 SHZUY The Shizuoka Bank, Ltd. 0.00%
96 BKHYY Bank Hapoalim B.M. 0.00%
97 BKKLY Bangkok Bank Public Company Limited 0.00%
98 BKNIY Bankinter, S.A. 0.00%
99 BKQNY Bank of Queensland Limited 0.00%
100 BKRIY Bank of Ireland Group plc 0.00%
101 BKRKY PT Bank Rakyat Indonesia (Persero) Tbk 0.00%
102 SMUUY Siam Commercial Bank Public Company Limited 0.00%
103 ITUB Itau Unibanco Holding S/A ADR 0.00%
104 AKBTY Akbank T.A.S. 0.00%
105 SNMCY Suncorp Group Ltd. 0.00%
106 DNHBY DNB ASA 0.00%
107 BNPQY BNP Paribas S.A. ADR 0.00%
108 DNKEY Danske Bank A/S 0.00%
109 BAP Credicorp Ltd. 0.00%
110 BBD Banco Bradesco S/A Pref ADR 0.00%

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

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