Friday, February 23, 2018

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$ 0.91 to CA$ 0.94 per share that’s payable May 24, 2018 to holders of record April 25, 2018. This represents a 8.05 % increase over the first quarter 2017 dividend of CA$ 0.87 per share and a 3.30 % increase over for the third quarter 2017 of CA$ 0.91 per share. With current price CA$ 102.16 (yesterday's close), this raise brings their dividend yield to 3.68 %

Since I own 120 of RY.TO shares, this will increase my portfolio's projected annual net dividend income by CA$ 10.73.

That increase rises my YOC to 4.96 %.

Click here to see my portfolio holdings.

You can follow the development of my dividends here.

Full Disclosure: Long RY.TO

Thanks for stopping by!

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