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Royal Bank of Canada Raises Quarterly Dividend by 2.2%

Provided by Dow Jones

Nov 30, 2023 11:26am

By Colin Kellaher

Royal Bank of Canada's board raised the quarterly dividend by 2.2%, to 1.38 Canadian dollars (US$1.01) from C$1.35.

The new payout, equal to C$5.52 a year, represents an annual yield of about 4.65% based on Wednesday's closing price of C$118.81, up from 4.55%.

The Toronto banking giant on Thursday said the increased dividend is payable Feb. 23 to shareholders of record Jan. 25.

Write to Colin Kellaher at colin.kellaher@wsj.com

(END) Dow Jones Newswires

November 30, 2023 06:26 ET (11:26 GMT)

Copyright (c) 2023 Dow Jones & Company, Inc.

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