Today the Board of Directors of Royal Bank of Canada announced a quarterly dividend increase of from CA$0.77 to CA$0.79 per share that’s payable November 24, 2015 to holders of record October 26, 2015. This represents a 5.33 % increase over the fourth quarter 2014 dividend of CA$0.75 per share and a 2.6 % increase over for the second quarter 2015 of CA$0.77 per share. With current price CA$72.36 (yesterday's close), this raise brings their dividend yield to 4.37%.
Since I own 85 shares, this will increase my portfolio's projected annual net dividend income by CA$5.07.
That increase rises my YOC to 4.06%.
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You can follow the development of my dividends here.