Today the Board of Directors of Royal Bank of Canada announced a quarterly dividend increase of from CA$ 0.81 to CA$ 0.83 per share that’s payable November 24, 2016 to holders of record October 26, 2016. This represents a 5.06 % increase over the fourth quarter 2015 dividend of CA$ 0.79 per share and a 2.47 % increase over for the second quarter 2016 of CA$ 0.81 per share. With current price CA$ 82.23 (yesterday's close), this raise brings their dividend yield to 4.04%.
Since I own 120 shares, this will increase my portfolio's projected annual net dividend income by CA$ 7.15.
That increase rises my YOC to 4.38%.
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Awesome! I look forward to seeing my holdings get dividend increases. Must be fun to watch this year over year. I think I have only had one increase its dividend so far, but look forward to them. =)
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