Wednesday, August 26, 2015

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$0.77 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%.

Click here to see my portfolio holdings.

You can follow the development of my dividends here.

1 comment:

  1. Congrats on the dividend raise, Hawk. Gotta love the Cdn banks raising the dividends year after year.

    Best wishes