Royal Bank Of Canada Dividend yield

Royal Bank Of Canada is part of Banks business, which is part of Financials industry. Royal Bank Of Canada is a company from Canada, and his stocks are publicly traded.

Royal Bank Of Canada stock dividend

Royal Bank Of Canada paid a total dividend of 7,498 million CAD last year, for a market value of 168,732 millions (Market Cap 168,709 millions). Royal Bank Of Canada dividend per share is 5.41 CAD, and his stock market price 121.74 CAD.

According to the chart below, where dividend yield is displayed, Royal Bank Of Canada has a dividend yield of 4.44%, 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.

In addition, you should compare Royal Bank Of Canada stocks dividend with other Banks companies or other of the best Canada dividend stocks list.

Royal Bank Of Canada Dividend Payout

About the ability of Royal Bank Of Canada to maintain his current dividend of CAD 5.41 per share, an amount that accounts for 4.44%, 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 44.45%, which is higher than the market average, but lower than companies of Financials industry, which are 39.34% and 46.18% respectively. Both figures show that Royal Bank Of Canada should not have problems to continue paying his dividend.

The payout on earnings should be complemented with the payout on cash flow since it is this last amount the one which can be distributed to shareholders. Cash flow per share of Royal Bank Of Canada is CAD 11.94 per share, which is higher than the dividend per share paid by the company of CAD 5.41, 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.

Royal Bank Of Canada Dividend History

Below you will find a table with the historical evolution of Royal Bank Of Canada's dividend stock, both in percentage and in CAD, its Payout on Earnings and the number of shares (in case there is an split, number shares altered the dividend per share).

Year	Yield	CAD	Paypout	Shares*
Present	4.44%	5.41	44.45%	1,386
2022	4.02%	5.12	42.63%	1,402
2021	3.22%	4.32	36.03%	1,425
2020	4.13%	4.32	49.15%	1,424
2019	3.96%	4.07	42.80%	1,444
2018	4.20%	3.92	43.65%	1,444
2017	3.55%	3.64	43.59%	1,458
2016	3.81%	3.32	44.21%	1,480
2015	4.15%	3.16	49.84%	1,480

*In millions

Then you can see the evolution of Royal Bank Of Canada dividend stock, and compare it with the average of Canada stocks and that of the Banks stocks.

Royal Bank Of Canada Stock performance

Finally, last moth Royal Bank Of Canada showed a return of -6.90% compared to a worldwide -2.49% average, and a -3.03% of Financials firms. Over the last year, the company obtained a -0.30% versus a worldwide performance of a 8.71%. More detailed information can be seen in the following graph for Canada and Banks firms.