Today the Board of Directors of Royal Bank of Canada
announced a quarterly dividend increase of from CA$ 0.91 to CA$ 0.94 per share
that’s payable May 24, 2018 to holders of record April 25, 2018. This
represents a 8.05 % increase over the first quarter 2017 dividend of CA$ 0.87
per share and a 3.30 % increase over for the third quarter 2017 of CA$ 0.91 per
share. With current price CA$ 102.16 (yesterday's close), this raise brings
their dividend yield to 3.68 %
Since I own 120 of RY.TO shares, this will increase my portfolio's
projected annual net dividend income by CA$ 10.73.
That increase rises my YOC to 4.96 %.
Click here to see my portfolio holdings.
You can follow the development of my dividends here.
Full Disclosure: Long RY.TO
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