Today the Board of Directors of Royal Bank of Canada announced a quarterly dividend increase of from CA$ 0.83 to CA$ 0.87 per share that’s payable May 24, 2017 to holders of record April 25, 2017. This represents a 7.41 % increase over the first quarter 2016 dividend of CA$ 0.81 per share and a 4.82 % increase over for the third quarter 2016 of CA$ 0.83 per share. With current price CA$ 98.26 (yesterday's close), this raise brings their dividend yield to 3.54 %.
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 4.60 %.
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Another fellow share holder in RY! Great increase today. I love it. Only regret not buying more when I had the chance. :)
ReplyDeleteOnly Canadian bank I own, I'll take the increase! Not a big position, but I'll take it.
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