Royal Bank Of Canada (NYSE:RY) Plans Quarterly Dividend of C$1.76

Royal Bank Of Canada (NYSE:RY) (TSE:RY) declared a quarterly dividend on Thursday, May 28th. Shareholders of record on Monday, July 27th will be paid a dividend of 1.76 per share by the financial services provider on Monday, August 24th. This represents a c) annualized dividend and a yield of 3.7%. The ex-dividend date of this dividend is Monday, July 27th. This is a 7.3% increase from Royal Bank Of Canada’s previous quarterly dividend of $1.64.

Royal Bank Of Canada has raised its dividend by an average of 0.1%annually over the last three years and has increased its dividend annually for the last 15 consecutive years. Royal Bank Of Canada has a dividend payout ratio of 46.2% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Royal Bank Of Canada to earn $12.69 per share next year, which means the company should continue to be able to cover its $4.71 annual dividend with an expected future payout ratio of 37.1%.

Royal Bank Of Canada Trading Down 0.1%

Royal Bank Of Canada stock traded down $0.14 during mid-day trading on Thursday, hitting $188.99. The company’s stock had a trading volume of 1,323,062 shares, compared to its average volume of 947,843. The company has a 50 day moving average of $174.22 and a 200-day moving average of $168.00. The stock has a market cap of $264.16 billion, a PE ratio of 18.09, a P/E/G ratio of 1.48 and a beta of 0.80. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.70 and a current ratio of 0.70. Royal Bank Of Canada has a one year low of $124.19 and a one year high of $191.51.

Royal Bank Of Canada (NYSE:RY) (TSE:RY) last announced its quarterly earnings data on Thursday, February 26th. The financial services provider reported $2.94 EPS for the quarter, beating the consensus estimate of $2.81 by $0.13. The company had revenue of $13.18 billion for the quarter, compared to the consensus estimate of $12.60 billion. Royal Bank Of Canada had a return on equity of 17.12% and a net margin of 15.28%.Royal Bank Of Canada’s quarterly revenue was up 4.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $3.62 EPS. On average, research analysts anticipate that Royal Bank Of Canada will post 11.53 EPS for the current year.

About Royal Bank Of Canada

Royal Bank of Canada (NYSE: RY) is a diversified financial services company and one of Canada’s largest banks. Founded in 1864 in Halifax, Nova Scotia, the firm is now headquartered in Toronto, Ontario. It provides a broad range of banking and financial services to individuals, businesses, and institutional clients through a network of branches, digital platforms and international offices.

RBC operates across several principal business segments including personal and commercial banking, wealth management, insurance, investor and treasury services, capital markets, and global asset management.