Royal Bank of Canada (RY) Raises Quarterly Dividend to $1.76, Up 7.3%

Dividend Increase Details

Royal Bank of Canada (TSE:RY, NYSE:RY) announced a quarterly dividend of $1.76 per share, payable on August 24 to shareholders of record as of August 24. The ex-dividend date is July 27. This represents a 7.3% increase from the previous quarterly dividend of $1.64. The annualized dividend yields approximately 2.4% based on the current share price.

Stock Performance and Analyst Sentiment

RY shares opened at C$295.01 on July 25. The stock's 50-day moving average is C$281.85, and its 200-day moving average is C$250.30. The 52-week range spans from C$175.50 to C$306.38. The market capitalization stands at C$409.96 billion, with a price-to-earnings ratio of 19.18 and a beta of 1.05.

Analysts maintain a consensus rating of "Moderate Buy" on RY. The share price recently crossed above its 200-day moving average, a technical signal often viewed as bullish. However, insider selling was reported, including a significant sale by Director David Ian McKay and additional sales by Katherine Gibson, Graeme Ashley Hepworth, and Bruce Washington Ross.

Recent Earnings and Financials

In its most recent quarterly earnings report on May 28, Royal Bank of Canada posted earnings per share of C$3.90. Revenue for the quarter was C$17.45 billion. The company reported a net margin of 18.40% and a return on equity of 15.95%. Analysts project full-year EPS of C$12.35 for the current fiscal year.

What It Means for Income Investors

The 7.3% dividend increase reflects Royal Bank of Canada's continued commitment to returning capital to shareholders. With a payout ratio supported by solid earnings and a yield above the Canadian bank average, the stock remains a staple for dividend-focused portfolios. For historical payout trends, see the dividend history. Use the dividend calculator to estimate future income.

Reporting based on: MarketBeat. Figures verified against market data where available.