Royal Bank Of Canada (NYSE:RY) Declares C$1.64 Quarterly Dividend

Royal Bank Of Canada (NYSE:RY) (TSE:RY) declared a quarterly dividend on Wednesday, February 25th. Investors of record on Thursday, April 23rd will be given a dividend of 1.64 per share by the financial services provider on Friday, May 22nd. This represents a c) dividend on an annualized basis and a yield of 3.9%. The ex-dividend date is Thursday, April 23rd.

Royal Bank Of Canada has increased its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 15 consecutive years. Royal Bank Of Canada has a payout ratio of 46.9% indicating that its dividend is sufficiently covered by earnings. Analysts expect Royal Bank Of Canada to earn $10.10 per share next year, which means the company should continue to be able to cover its $4.78 annual dividend with an expected future payout ratio of 47.3%.

Royal Bank Of Canada Trading Up 0.0%

Shares of Royal Bank Of Canada stock opened at $169.84 on Friday. The stock has a market capitalization of $237.38 billion, a PE ratio of 16.93, a price-to-earnings-growth ratio of 1.29 and a beta of 0.79. Royal Bank Of Canada has a 52 week low of $106.10 and a 52 week high of $176.19. The stock has a 50 day moving average price of $170.06 and a two-hundred day moving average price of $155.55. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.81 and a current ratio of 0.81.

Royal Bank Of Canada (NYSE:RY) (TSE:RY) last issued its earnings results on Wednesday, December 3rd. The financial services provider reported $2.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.51 by $0.25. The company had revenue of $12.27 billion for the quarter, compared to analysts’ expectations of $12.12 billion. Royal Bank Of Canada had a return on equity of 16.83% and a net margin of 14.83%.Royal Bank Of Canada’s quarterly revenue was up 14.2% compared to the same quarter last year. During the same period last year, the business earned $3.07 EPS. As a group, equities analysts anticipate that Royal Bank Of Canada will post 9.16 earnings per share for the current fiscal 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.