On Thursday,
May 30th, the Board of Directors of Royal Bank of Canada (RY)
announced
a quarterly dividend increase from C$1.48 to C$1.54 per share,
representing a 4.05% rise. The dividend is payable on August 22,
2025, to shareholders of record as of July 24, 2025.
This
marks the second dividend increase in the past 12 months. In December
2024, RY raised its quarterly dividend from C$1.42 to C$1.48, a 4.23%
increase. Combined, these two hikes bring the total annual dividend
growth to 8.45%.
At the current price of C$175.16 (yesterday's close), this increase will raise RY's dividend yield to
3.52%.