Today the Board of Directors of Royal Bank of Canada announced a quarterly dividend increase of from CA$ 0.94 to CA$ 0.98 per share that’s payable November 23, 2018 to holders of record October 25, 2018. This represents a 4.26 % increase from prior dividend. It should be noted that this is the second dividend increase in the current calendar year as it was also raises by CA$ 0.03 in February 2018. So the increase in this calendar year is CA$ 0.07 or 7.69% from the last dividend paid in November 2017. With current price CA$ 102.59 (yesterday's close), this raise brings their dividend yield to 3.82%.
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 5.18%.
Click here to see my portfolio holdings.
You can follow the development of my dividends here.
Full Disclosure: Long RY.TO
Thanks for stopping by!
Hi I heard Canadian banks are one of the safest in the world :) i also have Canadians banks :)
ReplyDeleteCheck out my canadian portfolio at https://swedendivin.se/ greetings
Hawk -
ReplyDeleteI hope this means well for CM too : )
-Lanny
Hi Lanny, I suppose so :), CM is on my watch list, but hardly it will be down to the my purchase price in the near future!
DeleteCheers,
DH