Royal Bank of Canada (Royal Bank of Canada) Dividend Payout Ratio

: 0.48 (As of Jan. 2024)

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Royal Bank of Canada's dividend payout ratio for the months ended in Jan. 2024 was 0.48.

The historical rank and industry rank for Royal Bank of Canada's Dividend Payout Ratio or its related term are showing as below:

RY' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.39 Med: 0.47 Max: 0.55
Current: 0.49

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 0.47.

RY's Dividend Payout Ratio is ranked worse than
71.64% of 1093 companies
in the Banks industry
Industry Median: 0.33 vs RY: 0.49

As of today (2024-04-19), the Dividend Yield % of Royal Bank of Canada is 4.07%.

During the past 13 years, the highest Trailing Annual Dividend Yield of Royal Bank of Canada was 5.27%. The lowest was 2.93%. And the median was 3.76%.

Royal Bank of Canada's Dividends per Share for the months ended in Jan. 2024 was $1.03.

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.

Royal Bank of Canada Dividend Payout Ratio Historical Data

The historical data trend for Royal Bank of Canada's Dividend Payout Ratio can be seen below:

* 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.

* Premium members only.

Royal Bank of Canada Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Dividend Payout Ratio

0.47

0.55

0.39

0.44

0.47

Royal Bank of Canada Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Dividend Payout Ratio																0.43	0.50	0.48	0.48	0.48

Competitive Comparison

For the Banks - Diversified subindustry, Royal Bank of Canada's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio 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 Dividend Payout Ratio Distribution

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

* The bar in red indicates where Royal Bank of Canada's Dividend Payout Ratio falls into.

Royal Bank of Canada Dividend Payout Ratio Calculation

Dividend payout ratio measures the percentage of the company's earnings paid out as dividends.

Royal Bank of Canada's Dividend Payout Ratio for the fiscal year that ended in Oct. 2023 is calculated as

Dividend Payout Ratio	=	Dividends per Share (A: Oct. 2023 )	/	EPS without NRI (A: Oct. 2023 )
	=	3.894	/	8.299
	=	0.47

Royal Bank of Canada's Dividend Payout Ratio for the quarter that ended in Jan. 2024 is calculated as

Dividend Payout Ratio	=	Dividends per Share (Q: Jan. 2024 )	/	EPS without NRI (Q: Jan. 2024 )
	=	1.028	/	2.123
	=	0.48

Royal Bank of Canada (NYSE:RY) Dividend Payout Ratio Explanation

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.

Royal Bank of Canada Dividend Payout Ratio Related Terms

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Royal Bank of Canada (Royal Bank of Canada) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Royal Bank of Canada (NYSE:RY) » Definitions » Dividend Payout Ratio

Comparable Companies

Traded in Other Exchanges

RYC:Germany 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.