On
Wednesday, December 3rd, the Board of Directors of Royal Bank of
Canada (RY) announced
a quarterly dividend increase from C$1.54 to C$1.64 per share,
representing a 6.49% rise. The dividend is payable on February 24,
2026, to shareholders of record as of January 26, 2026.
This
marks the second dividend increase in the past 12 months. In May
2025, RY raised its quarterly dividend from C$1.48 to C$1.54, a 4.05%
increase. Combined, these two hikes bring the total annual dividend
growth to 10.8%.
At the current price of C$216.21 (yesterday's close), this increase will raise RY's dividend yield to 3.03%.