Royal Bank Of Canada (RY) Dividends

Royal Bank Of Canada (RY)

Today's Latest Price: $69.99 USD

0.24 (0.34%)

Updated Oct 30 7:00pm

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Overall POWR Rating


POWR Components:

 Trade Grade  Buy & Hold Grade  Peer Grade  Industry Rank


Industry Rank:

Ranked of 44 in Foreign Banks

See all "A" rated Strong Buy stocks

Dividend Yield and Dividend History Highlights

  • In terms of debt burden relative to earnings, RY has an EBITDA to net debt ratio of 16,530,000,000, ranking above 99.29% stocks in our set (note that its net debt is negative, meaning it has more cash than debt).
  • 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: SJM, NEM, SYNL, SAFM and GIS.
RY Ex-Dividend Date
RY Dividend Yield
4.65%
RY Annual Dividend
$3.24
RY Payout Ratio

RY Price Forecast Based on Dividend Discount Model

Current PriceDDM Fair Value Target: Forecasted Gain:
$69.99$123.51 75.2%

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 75.2%. Some interesting points we thought investors may wish to consider regarding the dividend discount model forecast for Royal Bank Of Canada are:

  • Given its market cap of around 98 billion US dollars, its dividend yield of 4.73 is greater than 79.25% of its fellow stocks in the large market cap class.
  • In terms of opportunity, RY's provides a return of 75.2% based on the forecast of the dividend discount model we used relative to its current share price; this is a better return than 79.68% of all stocks we measured with our dividend discount model.
  • As other dividend issuers in the Financial Services sector, RY's equity discount rate is less than 85.52% of those stocks.

RY Dividend Chart


RY Dividend History

Ex-Dividend Date Type Payout Amount Change
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RY Dividends vs. Peers

RY's dividend yield currently ranks #14 of 45 vs. its peers in the Foreign Banks category.
Rank Symbol Name Dividend Yield
1 BBVA Banco Bilbao Vizcaya Argentaria S.A. 10.22%
2 ITCB Itau CorpBanca American Depositary Shares (each representing 1,500 shares of , no par value) 8.05%
3 BLX Banco Latinoamericano de Comercio Exterior, S.A. 7.83%
4 BAP Credicorp Ltd. 7.52%
5 AVAL Grupo Aval Acciones y Valores S.A. ADR (Each representing 20 preferred shares) 6.92%
6 NTB Bank of N.T. Butterfield & Son Limited (The) Voting Ordinary Shares 6.76%
7 BNS Bank Nova Scotia Halifax Pfd 3 Ordinary Shares 6.62%
8 CM Canadian Imperial Bank of Commerce 6.14%
9 WF Woori Financial Group Inc. American Depositary Shares (each representing three (3) shares of ) 6.14%
10 SMFG Sumitomo Mitsui Financial Group Inc Unsponsored American Depositary Shares (Japan) 5.56%
11 TD Toronto Dominion Bank (The) 5.46%
12 BMO Bank Of Montreal 5.26%
13 MUFG Mitsubishi UFJ Financial Group, Inc. 4.92%
14 RY Royal Bank Of Canada 4.73%
15 BSMX Banco Santander Mexico, S.A., Institucion de Banca Multiple, Grupo Financiero Santander Mexico 4.52%
16 WBK Westpac Banking Corporation 4.35%
17 CIB BanColombia S.A. 4.31%
18 SHG Shinhan Financial Group Co Ltd American Depositary Shares 4.29%
19 SAN Banco Santander, S.A. Sponsored ADR (Spain) 4.19%
20 MFG Mizuho Financial Group, Inc. Sponosred ADR (Japan) 4.17%
21 KB KB Financial Group Inc 4.12%
22 BPOP Popular, Inc. 3.98%
23 BCH Banco De Chile Banco De Chile ADS 3.94%
24 FBP First BanCorp. New 3.21%
25 EWBC East West Bancorp, Inc. 3.14%
26 BSBR Banco Santander Brasil SA American Depositary Shares, each representing one unit 2.36%
27 BSAC Banco Santander - Chile ADS 2.09%
28 OFG OFG Bancorp 1.99%
29 UBS UBS Group AG Registered Ordinary Shares 1.04%
30 BBDO Banco Bradesco Sa American Depositary Shares (each representing one Common Share) 0.96%
31 BBD Banco Bradesco Sa American Depositary Shares 0.83%
32 ITUB Itau Unibanco Banco Holding SA American Depositary Shares (Each repstg 500 Preferred shares) 0.74%
33 GGAL Grupo Financiero Galicia S.A., Class B Shares underlying 0.65%
34 CS Credit Suisse Group American Depositary Shares 0.50%
35 BCS Barclays PLC 0.00%
36 HDB HDFC Bank Limited 0.00%
37 BBAR BBVA Banco Frances S.A. 0.00%
38 BMA Banco Macro S.A. ADR (representing Ten Class B Common Shares) 0.00%
39 HSBC HSBC Holdings, plc. 0.00%
40 RBS Royal Bank of Scotland Group Plc New (The) ADS 0.00%
41 IBN ICICI Bank Limited 0.00%
42 ING ING Group, N.V. 0.00%
43 LYG Lloyds Banking Group Plc American Depositary Shares 0.00%
44 DB Deutsche Bank AG 0.00%
45 FCI FirstCaribbean International Bank Limited 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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