Royal Bank of Canada (TSX:RY) Dividend Payout Ratio : 0.41 (As of Jan. 2025)

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What is Royal Bank of Canada Dividend Payout Ratio?

The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period. Royal Bank of Canada's Dividend Payout Ratio for the months ended in Jan. 2025 was 0.41.

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

TSX:RY' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.39 Med: 0.46 Max: 0.55
Current: 0.46

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.

TSX:RY's Dividend Payout Ratio is ranked worse than
65.47% of 1144 companies
in the Banks industry
Industry Median: 0.35 vs TSX:RY: 0.46

As of today (2025-03-03), the Dividend Yield % of Royal Bank of Canada is 3.33%.

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 3.77%.

Royal Bank of Canada's Dividends per Share for the months ended in Jan. 2025 was C$1.48.

During the past 12 months, Royal Bank of Canada's average Dividends Per Share Growth Rate was 5.60% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 9.00% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 7.10% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 7.00% 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 9.40% per year.

The growth rate is calculated with least square regression.

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

* Please note that "special dividend" is not included in the calculation of dividend per share and related fields.

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.

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Royal Bank of Canada Dividend Payout Ratio Chart

Royal Bank of Canada Annual Data

Trend

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Oct24

Dividend Payout Ratio

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0.55

0.39

0.44

0.48

0.46

Royal Bank of Canada Quarterly Data
	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24	Jul24	Oct24	Jan25
Dividend Payout Ratio	Get a 7-Day Free Trial															0.48	0.47	0.44	0.46	0.41

Competitive Comparison of Royal Bank of Canada's Dividend Payout Ratio

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's Dividend Payout Ratio Distribution in the Banks Industry

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

Royal Bank of Canada's Dividend Payout Ratio for the fiscal year that ended in Oct. 2024 is calculated as

Dividend Payout Ratio	=	Dividends per Share (A: Oct. 2024 )	/	EPS without NRI (A: Oct. 2024 )
	=	5.6	/	12.09
	=	0.46

Royal Bank of Canada's Dividend Payout Ratio for the quarter that ended in Jan. 2025 is calculated as

Dividend Payout Ratio	=	Dividends per Share (Q: Jan. 2025 )	/	EPS without NRI (Q: Jan. 2025 )
	=	1.48	/	3.62
	=	0.41

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

In dividends investing, Dividend 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

Thank you for viewing the detailed overview of Royal Bank of Canada's Dividend Payout Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.

Royal Bank of Canada Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

RY:USA 0QKU:UK RYC:Germany RY.PR.S.PFD:Canada RY.PR.O.PFD:Canada RY.PR.N.PFD:Canada RY.PR.M.PFD:Canada RY.PR.J.PFD: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, with over CAD 2 trillion in assets. 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.

Executives

David Ian Mckay	Director, Senior Officer
Graeme Ashley Hepworth	Senior Officer
Jennifer Kristine Publicover	Senior Officer
Douglas Antony Guzman	Senior Officer
Erica Lesley Nielsen	Senior Officer
Neil Mclaughlin	Senior Officer
Simon T.p. Ridgway	Director, Senior Officer
Toos Noshir Daruvala	Director
Nadine Genevieve Ahn	Senior Officer
Bruce Washington Ross	Senior Officer
Helena Gottschling	Senior Officer
Rod Bolger	Senior Officer
Alex Douglas Mcgregor	Senior Officer
Michael Dobbins	Senior Officer
Jeffery William Yabuki	Director