Royal Bank Of Canada paid a total dividend of 4,914 million CAD last year, for a market capitalization of 138,469 millions.
Dividend per share of Royal Bank Of Canada is 3.32 CAD, and his stock market price 93.56 CAD.
According to the chart, where dividend yield is displayed, Royal Bank Of Canada has a dividend yield of 3.55%, which is higher than the amount offered by both the market average and companies from Canada. It is also bigger than average of Financials industry. This high dividend yield might be a sign to worry about the future of the company so deeper analysis is needed.
About the ability of Royal Bank Of Canada to maintain his current dividend of CAD 3.32 per share, an amount that accounts for 3.55%, we should study its payout ratio both on earnings and on cash-flows (see chart below). Royal Bank Of Canada payout on ernings is currently 44.39%, which is higher than the market average, and companies of Financials industry, which are 40.24% and 44.35% respectively. Both figures show that Royal Bank Of Canada can have problems to keep with his present dividend yield.
The payout on earnings should be complemented with the payout on cash flow since it is this latter amount the one which can be distributed to shareholders. Cash flow per share of Royal Bank Of Canada is CAD 25.99 per share, which is higher than the dividend per share paid by the company of CAD 3.32, so the company generates enough cash to maintain his dividend in the future.
The following figure shows payout ratios over earnings and cashflow of Royal Bank Of Canada, compared againt world market average, Canada companies, Financials industry and Banks sector companies. You might also need to check full financial report of Royal Bank Of Canada.
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