Friday, February 24, 2017

Dividend Increase – Royal Bank of Canada (RY)

Today the Board of Directors of Royal Bank of Canada announced a quarterly dividend increase of from CA$ 0.83 to CA$ 0.87 per share that’s payable May 24, 2017 to holders of record April 25, 2017. This represents a 7.41 % increase over the first quarter 2016 dividend of CA$ 0.81 per share and a 4.82 % increase over for the third quarter 2016 of CA$ 0.83 per share. With current price CA$ 98.26 (yesterday's close), this raise brings their dividend yield to 3.54 %. 

Since I own 120 shares, this will increase my portfolio's projected annual net dividend income by CA$ 14.30.

That increase rises my YOC to 4.60 %.

Click here to see my portfolio holdings.

You can follow the development of my dividends here.

Thanks for stopping by!


  1. Another fellow share holder in RY! Great increase today. I love it. Only regret not buying more when I had the chance. :)

  2. Only Canadian bank I own, I'll take the increase! Not a big position, but I'll take it.