Wednesday, August 22, 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$ 0.94 to CA$ 0.98 per share that’s payable November 23, 2018 to holders of record October 25, 2018. This represents a 4.26 % increase from prior dividend. It should be noted that this is the second dividend increase in the current calendar year as it was also raises by CA$ 0.03 in February 2018. So the increase in this calendar year is CA$ 0.07 or 7.69% from the last dividend paid in November 2017. With current price CA$ 102.59 (yesterday's close), this raise brings their dividend yield to 3.82%. 

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 5.18%.

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!


  1. Hi I heard Canadian banks are one of the safest in the world :) i also have Canadians banks :)
    Check out my canadian portfolio at greetings

  2. Hawk -

    I hope this means well for CM too : )


    1. Hi Lanny, I suppose so :), CM is on my watch list, but hardly it will be down to the my purchase price in the near future!