Today the Board of Directors of Royal Bank of Canada announced a quarterly dividend increase of from CA$0.75 to CA$0.77 per share that’s payable May 22, 2015 to holders of record April 23, 2015. This represents a 8.45 % increase over the first quarter 2014 dividend of CA$0.71 per share and a 2.67 % increase over for the third quarter 2014 of CA$0.75 per share. With current price CA$75.05 (yesterday's close), this raise brings their dividend yield to 4.10%.
Since I own 55 shares, this will increase my portfolio's projected annual net dividend income by CA$3.28.
That increase rises my YOC to 3.94%.
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You can follow the development of my dividends here.