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.
Congrats the dividend increase!
ReplyDeleteR2R
Hi R2R
DeleteThanks, Same for you with Magna International!
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Ever considered Svenska Handelsbanken which is according to Morningstar's latest study the strongest bank in Europe and 11th strongest in the whole world? In addition, there are giving a 17.5SEK dividend for this year - if I recall correctly.
ReplyDeleteMoi JH
DeleteI have never considered of Svenska Handelsbanken, Swedbank though a few years ago. The Nordic countries and in Europe would be many good companies, if they would consider reasonable dividend and to focus on to increase it year after year. Another noteworthy thing would be to change the annual dividends for at least a semiannual.
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Can't complain about that increase despite all the headwinds the large Canadian banks are facing these days. I just picked up some RY and TD this week. Looking forward to that next dividend distribution. Thanks for sharing.
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