Wednesday, August 23, 2017

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$ 0.87 to CA$ 0.91 per share that’s payable November 24, 2017 to holders of record October 26, 2017. This represents a 9.64 % increase over the fourth quarter 2016 dividend of CA$ 0.83 per share and a 4.60 % increase over for the second quarter 2017 of CA$ 0.87 per share. With current price CA$ 92.01 (yesterday's close), this raise brings their dividend yield to 3.96%. 

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 4.81%.

Click here to see my portfolio holdings.

You can follow the development of my dividends here. 

Thanks for stopping by!

1 comment:

  1. And the large Canadian banks continue doing what tey have been doing for decades and decades. Good increase here!