Dividend Increase – Royal Bank of Canada (RY)

Friday, February 22 the Board of Directors of Royal Bank of Canada announced a quarterly dividend increase of from CA$ 0.98 to CA$ 1.02 per share that’s payable May 24, 2019 to holders of record April 25, 2019. This represents an 8.51% increase year-over-year and 4.08% increase to the last quarter dividend. With current price $ 101.74 (Friday's close), this raise brings their dividend yield to 4.01%.

Since I own 120 shares of RY, this will increase my portfolio's projected annual net dividend income by CA$ 14.30.

This increase raises my YOC to 5.39%.

Summary of 2019 Dividend Increases / Cuts

No.	Ticker	Increase %	Net Increase	Net Increase	No.	Ticker	Increase %	Net Increase	Net Increase
			€	$				€	$
1	TSX:CU	7.48%	8.14	9.93	2	O	2.04%	3.00	3.42
3	OKE	0.58%	0.65	0.75	4	WEC	6.79%	1.47	1.68
5	KMB	3.00%	1.02	1.16	6	INTC	5.00%	15.81	17.88
7	TELIA1	2.61%	13.00	14.82	8	NCC	-50.00%	-86.22	-98.61
9	CVX	6.25%	10.90	12.52	10	UPM	13.04%	122.93	140.95
11	GILD	10.53%	5.47	6.26	12	ADM	4.48%	3.33	3.80
13	MMM	5.88%	1.25	1.43	14	BIP	6.91%	0,77	0,87
15	NESTE	34.12%	172.84	196.45	16	ORNBV	3.45%	11.17	12.70
17	KESKOB	6.36%	10.43	11.85	18	SAMPO	9.62%	28.86	32.77
19	TSX:BCE	4.97%	7.79	8.84	20	TEL2	10.00%	6.42	7.24
21	TROW	8.57%	8.72	9.83	22	SKT	1.43%	1.98	2.24
23	CSCO	6.06%	9.76	11.03	24	PEP	2.96%	7.25	8.19
25	KO	2,56%	3.94	4.47	26	KHC	-36.00%	-59.14	-67.05
27	DLR	6.93%	22.08	25.03	28	MGA	10.61%	4.60	5.22
29	TSX:RY	4.08%	9.60	10.89
	TOTAL							€347.81	$396.56

Increases have been reported by deducting a 25.5% capital income tax.

Click here to see my portfolio holdings.

You can follow the development of my dividends here.

Full Disclosure: Long RY

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