■ Increase · July 28, 2026 · detected in DividendSmart market data
RY raises its quarterly dividend 4.08% to $1.249 per share
Royal Bank of Canada increased its quarterly dividend by 4.08% to $1.2490 per share, with the ex-dividend date set for July 27, 2026.
RY (Royal Bank of Canada) has announced a quarterly dividend increase to $1.2490 per share, up 4.08% from the previous $1.2000. The new dividend will go ex-dividend on 2026-07-27.
The numbers
The new quarterly rate of $1.2490 annualizes to $4.996 per share, based on the current quarterly schedule. Over the trailing twelve months, RY paid $2.4490 per share in dividends, resulting in a TTM yield of 1.17% at the current price of $209.51. Despite this raise, the company's five-year dividend CAGR is only 0.3%, and it has not posted consecutive years of increases. Recent quarterly payments include $1.026 (Oct 2024), $1.032 (Jan 2025), $1.066 (Apr 2025), $1.132 (Jul 2025), $1.200 (Apr 2026), and now $1.249 (Jul 2026). For a full payment history, see the RY dividend history page.
What it means for income investors
With the new quarterly dividend, an investor holding 100 shares of RY will receive $124.90 per quarter, or $499.60 annually, up from $480.00 under the previous rate. The increase reflects a modest upward adjustment in the bank's payout, though the long-term growth trajectory remains subdued.
Reporting based on: DividendSmart market data. Figures verified against market data where available.