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Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Royal Bank of CanadaRY +2.15%77 3-Year Dividend Growth Rate is 6.80% as of Jul. 2026, which is 26% below its 10-year median of 9.20. GuruFocus rates RY with a GF Score™ of 77/100 and a GF Value™ of $154.51 (Significantly Overvalued). The stock has 8 warning signs investors should review. Among 959 Banks companies, Royal Bank of Canada ranks worse than 58.71% on this metric.
The historical rank and industry rank for Royal Bank of Canada's 3-Year Dividend Growth Rate or its related term are showing as below:
RY'
s 3-Year Dividend Growth Rate Range Over the Past 10 Years
Min: 1.3 Med: 9.2 Max: 21.7
Current: 6.8
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 9.20% per year.
RY's 3-Year Dividend Growth Rate is ranked worse than 58.71% of 959
companies
in the Banks industry
Industry Median: 10.1
vs RY: 6.80
During the past 12 months, Royal Bank of Canada's average Dividends Per Share Growth Rate was 11.10% per year.
During the past 3 years, the average Dividends Per Share Growth Rate was 6.80% per year.
During the past 5 years, the average Dividends Per Share Growth Rate was 7.60% per year.
During the past 10 years, the average Dividends Per Share Growth Rate was 7.00% per year.
Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.
During the past 13 years, the highest Dividend Payout Ratio of Royal Bank of Canada was 0.55. The lowest was 0.39. And the median was 0.46.
2. Dividend Yield % measures how much a company pays out in dividends each year relative to its share price.
Royal Bank of Canada Recent Full-Year* Dividend History
Amount
Ex-date
Record Date
Pay Date
Type
Frequency
Forex Rate
CAD 1.760000
2026-07-27
2026-07-27
2026-08-24
Cash Dividend
quarterly
CAD:USD 0.712860
CAD 1.640000
2026-04-23
2026-04-23
2026-05-22
Cash Dividend
quarterly
CAD:USD 0.734700
CAD 1.640000
2026-01-26
2026-01-26
2026-02-24
Cash Dividend
quarterly
CAD:USD 0.737626
CAD 1.540000
2025-10-27
2025-10-27
2025-11-24
Cash Dividend
quarterly
CAD:USD 0.713776
* GuruFocus has an internal rule that if the most recent dividend payment frequency is at least 4 times a year, then the full year will be calculated according to the frequency of payment or the one-year time frame, whichever is stricter.
* GuruFocus converts dividend currency to local traded share price currency in order to calculate dividend yield. Please refer to the last column "Forex Rate" in the above table.
Royal Bank of Canada's Dividend Yield (%) for Today is calculated as
Current Share Price is $207.86.
Royal Bank of Canada's Dividends per Share for the trailing twelve months (TTM) ended in Today is $4.76846328.
During the past 13 years, the highest Dividend Yield of Royal Bank of Canada was 5.27%. The lowest was 2.11%. And the median was 3.66%.
Warning Sign:
Royal Bank of Canada stock Dividend Yield % is close to 10-year low.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Royal Bank of Canada 3-Year Dividend Growth Rate Related Terms>
RY vs JPM, BAC, WFC: 3-Year Dividend Growth Rate Comparison
For the Banks - Diversified subindustry, Royal Bank of Canada's 3-Year Dividend Growth Rate, along with its competitors' market caps and 3-Year Dividend Growth Rate 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 3-Year Dividend Growth Rate vs Banks Industry
For the Banks industry and Financial Services sector, Royal Bank of Canada's 3-Year Dividend Growth Rate distribution charts can be found below:
* The bar in red indicates where Royal Bank of Canada's 3-Year Dividend Growth Rate falls into.
Royal Bank of Canada 3-Year Dividend Growth Rate Calculation
This is the average annual rate that a company has been raising its dividends. The growth rate is calculated with expontential compound based on the latest four year annual data.
Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.
What does a 3-Year Dividend Growth Rate of 6.80% mean?
Royal Bank of Canada (RY) has a 3-Year Dividend Growth Rate of 6.80% as of Jul. 2026. 3-Year Dividend Growth Rate is the company's three-year average growth of dividend payout. View historical data on Royal Bank of Canada and its competitors. This is 26% below median its historical median of 9.20. Over the past decade, Royal Bank of Canada's 3-Year Dividend Growth Rate has ranged from 1.30 to 21.70. According to the industry distribution chart, Royal Bank of Canada ranks #563 out of 959 companies in the Banks industry, placing it in the top 58.7%.
Is Royal Bank of Canada's 3-Year Dividend Growth Rate too high?
Royal Bank of Canada's current 3-Year Dividend Growth Rate of 6.80% is 26% below median its 10-year median of 9.20. Over the past 10 years, this metric has ranged from a low of 1.30 to a high of 21.70. The Banks industry median 3-Year Dividend Growth Rate is 10.10. Royal Bank of Canada's value of 6.80% is 32.7% below this industry median. Based on the distribution chart, Royal Bank of Canada ranks #563 out of 959 companies in the Banks industry, which is below the industry midpoint. Overall, Royal Bank of Canada has a GF Score™ of 77/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Royal Bank of Canada's 3-Year Dividend Growth Rate compare to JPM and BAC?
According to the Banks industry distribution chart, Royal Bank of Canada ranks #563 out of 959 companies for 3-Year Dividend Growth Rate. This places Royal Bank of Canada in the lower half of its industry. The industry median 3-Year Dividend Growth Rate is 10.10. Royal Bank of Canada's value of 6.80% is 32.7% below this benchmark. Historically, Royal Bank of Canada's own 3-Year Dividend Growth Rate has ranged from 1.30 to 21.70 over the past decade. While the company's 10-year median is 9.20 vs. the industry median of 10.10, Royal Bank of Canada has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good 3-Year Dividend Growth Rate for a Banks company?
The median 3-Year Dividend Growth Rate among Banks companies is 10.10, based on 959 companies in the industry. Companies in the top quartile (top 25%) have a 3-Year Dividend Growth Rate significantly above this median, while those in the bottom quartile fall well below. However, 3-Year Dividend Growth Rate should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Royal Bank of Canada's current 3-Year Dividend Growth Rate of 6.80% is 32.7% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high 3-Year Dividend Growth Rate mean?
A high 3-Year Dividend Growth Rate can signal that a stock is expensive relative to its fundamentals. 3-Year Dividend Growth Rate is the company's three-year average growth of dividend payout. View historical data on Royal Bank of Canada and its competitors. For the Banks industry, the median 3-Year Dividend Growth Rate is 10.10 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Royal Bank of Canada's current 3-Year Dividend Growth Rate is 6.80%, which is 26% below median its own 10-year median of 9.20. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Royal Bank of Canada stock overvalued right now?
Based on GuruFocus' analysis, Royal Bank of Canada (RY) is currently considered Significantly Overvalued. The stock's GF Value™ is $154.51, compared to a current price of $207.86 — trading 34.5% above its estimated fair value. The current 3-Year Dividend Growth Rate is 6.80%, which is 26% below median its 10-year median of 9.20 and 32.7% below the Banks industry median of 10.10. Royal Bank of Canada's overall GF Score™ is 77/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is 3-Year Dividend Growth Rate calculated?
3-Year Dividend Growth Rate is calculated from a company's financial statements. For Royal Bank of Canada (RY), the current 3-Year Dividend Growth Rate is 6.80% as of Jul. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Royal Bank of Canada (RY) Overvalued in 2026?
Based on GuruFocus' analysis, Royal Bank of Canada stock appears to be overvalued.
The current stock price of $207.86 is trading 34.5% above its estimated GF Value™ of $154.51.
GuruFocus considers Royal Bank of Canada to be Significantly Overvalued.
Key valuation signals for RY:
3-Year Dividend Growth Rate: 6.80% (26% below median its 10-year median of 9.20)
GF Value™: $154.51 vs. price of $207.86 (34.5% above fair value)
Industry Position: 32.7% below the Banks median (#563 of 959)
No single metric tells the full story. See the RY stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Royal Bank of Canada is one of the two largest banks in Canada, with around CAD 2.4 trillion in assets at the end of April 2026. It is a diversified financial services company, offering personal and commercial banking, wealth management, insurance, corporate banking, and capital markets services. The bank is concentrated in Canada and has dominant market shares. RBC also has wealth and capital market businesses in the US, UK, and other countries. RBC is a top 15 investment bank globally.
77GF Score
Get the complete analysis for RY
3-Year Dividend Growth Rate is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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