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Royal Bank of Canada Raises Regular Dividend

Friday - 8/30/2013, 4:14am  ET

Canada's largest lender by assets, Royal Bank of Canada announced today its third-quarter dividend of $0.67 Canadian per share, a 6% increase from the payout made to investors the previous quarter of $0.63 Canadian per share.

The board of directors said the quarterly dividend is payable on Nov. 22 to the holders of record at the close of business on Oct. 24. The lender also declared dividends for numerous series of its non-cumulative first preferred shares. These range from $0.278125 Canadian per share for series AA, to $0.390625 Canadian per share for series AN, AP, AR AT, and AV.

The regular dividend payment equates to a $2.68-per-share annual dividend, yielding 4.3% based on the closing price today of Royal Bank of Canada's stock.

RY Dividend Chart

RY Dividend data by YCharts
Chart does not reflect the new, higher dividend announcement

This article was originally published as Royal Bank of Canada Raises Regular Dividendon Fool.com

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