Royal Bank Of Canada (NYSE:RY) Declares Dividend Increase – C$1.76 Per Share

Posted by Brian Himes on May 29th, 2026

Royal Bank Of Canada (NYSE:RY – Get Free Report) (TSE:RY) announced a quarterly dividend on Thursday, May 28th. Investors 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) dividend on an annualized basis and a dividend 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 payment by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 15 years. Royal Bank Of Canada has a 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 Price Performance

Shares of RY stock opened at $188.99 on Friday. Royal Bank Of Canada has a 52-week low of $124.19 and a 52-week high of $191.51. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.70 and a current ratio of 0.70. The firm has a market capitalization of $264.16 billion, a P/E ratio of 18.09, a P/E/G ratio of 1.48 and a beta of 0.80. The stock has a 50 day moving average price of $174.72 and a 200 day moving average price of $168.31.

Royal Bank Of Canada (NYSE:RY – Get Free Report) (TSE:RY) last issued its quarterly earnings results on Thursday, February 26th. The financial services provider reported $2.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.81 by $0.13. Royal Bank Of Canada had a return on equity of 17.12% and a net margin of 15.28%.The firm had revenue of $13.18 billion during the quarter, compared to analyst estimates of $12.60 billion. During the same period last year, the company earned $3.62 EPS. Royal Bank Of Canada’s quarterly revenue was up 4.4% compared to the same quarter last year. As a group, sell-side analysts predict that Royal Bank Of Canada will post 11.53 earnings per share for the current year.

Analyst Ratings Changes

RY has been the topic of several research reports. Zacks Research downgraded Royal Bank Of Canada from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 3rd. Weiss Ratings downgraded Royal Bank Of Canada from a “buy (b+)” rating to a “buy (b)” rating in a report on Monday, May 18th. Scotiabank restated an “outperform” rating on shares of Royal Bank Of Canada in a report on Monday, May 4th. Raymond James Financial downgraded Royal Bank Of Canada from an “outperform” rating to a “market perform” rating in a report on Tuesday, May 12th. Finally, Barclays restated an “overweight” rating on shares of Royal Bank Of Canada in a report on Thursday, February 19th. Ten equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Royal Bank Of Canada presently has a consensus rating of “Moderate Buy” and a consensus price target of $162.00.

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Royal Bank Of Canada Company Profile

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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.