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Royal Bank of Canada (TSX:RY.PR.P.PFD) Forward Dividend Yield %

: 5.10% (As of Today)
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As of today (2024-04-18), the Forward Annual Dividend Yield of Royal Bank of Canada is 5.10%.

As of today (2024-04-18), the Trailing Annual Dividend Yield of Royal Bank of Canada is 5.10%.

TSX:RY.PR.P.PFD's Forward Dividend Yield % is ranked worse than
51.11% of 1168 companies
in the Banks industry
Industry Median: 4.2 vs TSX:RY.PR.P.PFD: 5.10

Royal Bank of Canada's Dividends per Share for the three months ended in Jan. 2024 was C$0.00.

During the past 12 months, Royal Bank of Canada's average Dividends Per Share Growth Rate was 6.30% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 7.60% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 6.90% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 7.30% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Royal Bank of Canada was 21.70% per year. The lowest was 1.30% per year. And the median was 9.80% per year.

The growth rate is calculated with least square regression.

For more information regarding to dividend, please check our Dividend Page.

Competitive Comparison

For the Banks - Diversified subindustry, Royal Bank of Canada's Forward Dividend Yield %, along with its competitors' market caps and Forward Dividend Yield % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Royal Bank of Canada Forward Dividend Yield % Distribution

For the Banks industry and Financial Services sector, Royal Bank of Canada's Forward Dividend Yield % distribution charts can be found below:

* The bar in red indicates where Royal Bank of Canada's Forward Dividend Yield % falls into.


Royal Bank of Canada Forward Dividend Yield % Calculation

Dividend Yield measures how much a company pays out in dividends each year relative to its share price.

Royal Bank of Canada  (TSX:RY.PR.P.PFD) Forward Dividend Yield % Explanation

Over the long term, the return from dividends has been a significant contributor to the total returns produced by equity securities. Studies by Elroy Dimson, Paul Marsh, and Mike Staunton of Princeton University (2002) found that a market-oriented portfolio, which included reinvested dividends, would have generated nearly 85 times the wealth generated by the same portfolio relying solely on capital gains.

Dividends may also qualify a lower tax rate for investors.

In dividends investing, Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

You can find the stocks that owned most by Gurus here. Or you can check out Warren Buffett's highest dividend stocks here.

Royal Bank of Canada Forward Dividend Yield % Related Terms

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Royal Bank of Canada (TSX:RY.PR.P.PFD) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Royal Bank of Canada (TSX:RY.PR.P.PFD) » Definitions » Forward Dividend Yield %
Comparable Companies
TSX:TD TSX:BMO TSX:BNS TSX:CM TSX:NA JPM BAC SHSE:601398 WFC SHSE:601288 SHSE:601988 SHSE:601939 LSE:HSBA ASX:CBA C TSE:8306 XSWX:UBSG TSE:8316 XMAD:SAN ASX:NAB
Traded in Other Exchanges
RY:USA RYC:Germany RY.PR.S.PFD:Canada RY.PR.Z.PFD:Canada RY.PR.O.PFD:Canada RY.PR.N.PFD:Canada RY.PR.M.PFD:Canada RY.PR.J.PFD:Canada RY.PR.H.PFD:Canada RY:Canada
Address
1 Place Ville-Marie, Corporate Secretary's Department, Montreal, QC, CAN, H3B 3A9
Website
https://www.rbc.com
Royal Bank of Canada is one of the two largest banks in Canada. It is a diversified financial services company, offering personal and commercial banking, wealth-management services, insurance, corporate banking, and capital markets services. The bank is concentrated in Canada, with additional operations in the U.S. and other countries.

Royal Bank of Canada (TSX:RY.PR.P.PFD) Headlines

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