Royal Bank Of Canada (RY) To Go Ex-Dividend on April 23rd

Royal Bank Of Canada (NYSE:RY) (TSE:RY) announced a quarterly dividend on Wednesday, February 25th. Stockholders 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 dividend yield of 3.6%. The ex-dividend date of this dividend is Thursday, April 23rd.

Royal Bank Of Canada has raised its dividend payment by an average of 0.1%annually 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 46.2% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Royal Bank Of Canada to earn $12.73 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 37.0%.

Royal Bank Of Canada Trading Up 0.9%

Shares of RY stock opened at $180.00 on Tuesday. The firm has a market capitalization of $251.58 billion, a P/E ratio of 17.22, a P/E/G ratio of 1.34 and a beta of 0.78. Royal Bank Of Canada has a twelve month low of $114.63 and a twelve month high of $180.09. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 0.09. The stock’s fifty day simple moving average is $167.26 and its 200 day simple moving average is $161.72.

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 earnings per share (EPS) for the quarter, beating 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 company had revenue of $13.18 billion for the quarter, compared to the consensus estimate of $12.60 billion. During the same period in the previous year, the business earned $3.62 EPS. The firm’s 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 11.56 EPS for the current fiscal year.

Royal Bank Of Canada Company Profile

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.