Royal Bank of Canada Declares CAD 1.42 Dividend: Key Market Implications
Wednesday, 28 August 2024, 10:30
Royal Bank of Canada Dividend Announcement
The Royal Bank of Canada (RY) declared a CAD 1.42 per share quarterly dividend today. This announcement marks a continuation of its consistent dividend policy, affirming the bank's strength in the current financial landscape.
Investment Opportunities Ahead
The forward yield of 4.88% is enticing, particularly for investors focused on stable returns. The payout will be made on November 22 for shareholders registered by October.
- Dividend: CAD 1.42/share
- Forward Yield: 4.88%
- Payment Date: November 22
- Record Date: October
This announcement positions the Royal Bank of Canada as a potential frontrunner for income-focused portfolios.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.