Royal Bank Of Canada Raises Dividend 7%

2025-12-03 10:08:18

(MENAFN- Baystreet)

Royal Bank of Canada (RY), the country's largest lender, is raising its quarterly dividend by 7%.

The Toronto-based bank says it will now pay a quarterly dividend of $1.64 per share, up from $1.54 per share previously.

News of the raised distribution to shareholders comes as the bank reported that its fiscal fourth-quarter profit rose from a year earlier.

Royal Bank announced earnings per share (EPS) of $3.85 U.S. for the quarter ended Oct. 31, up from a profit of $3.07 a year ago.

Revenue in the quarter totalled $17.21 billion, up from $15.07 billion in the same period of 2024.

Analysts had expected Royal Bank to report a fiscal Q4 profit of $3.53 per share, according to estimates compiled by LSEG Data (LSEG).

Royal Bank of Canada has now increased its dividend for 15 consecutive years. It first paid a dividend to shareholders in 1870.

RY stock has risen 26% this year to trade at $216.21 per share in Toronto.

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