Royalty Pharma (RPRX) Dividend
Royalty Pharma plc · Healthcare · Biotechnology · quarterly payer
As of Nov 5, 2026, Royalty Pharma (RPRX) pays a quarterly dividend of $0.2350 per share, or $0.94 a year, a 1.39% yield at its $67.99 share price. The next ex-dividend date is Nov 13, 2026, paid Dec 10, 2026. It has raised its dividend 5 years in a row and has a dividend safety grade of B.
Forward Yield
1.39%
Annual Dividend
$0.94
Payout Ratio
60%
5-Yr Growth
8.0%
Ex-Date
Nov 13, 2026
Frequency
Quarterly
Key facts about RPRX's dividend
Data as of · Source: SmarterDividends data
- As of Nov 5, 2026, Royalty Pharma plc (RPRX) has a forward dividend yield of 1.39%, based on an annual dividend of $0.94 per share and a share price of $67.99.
- As of Nov 5, 2026, RPRX's dividend safety grade from SmarterDividends is B (77 out of 100), which rates the dividend as safe.
- By SmarterDividends' count, Royalty Pharma plc (RPRX) has raised its dividend for 5 consecutive years as of Nov 5, 2026.
- RPRX has never cut its regular dividend in the payment history SmarterDividends has on record.
- RPRX's next ex-dividend date is Nov 13, 2026, with payment on Dec 10, 2026. Shares must be owned before that date to receive the dividend.
- As of Nov 5, 2026, RPRX pays out 60% of its trailing 12-month earnings as dividends (its payout ratio).
- RPRX's dividend has grown at an average rate of 8.0% a year over the past five years.
- As of Nov 5, 2026, RPRX's 1.39% yield is 40% below its five-year average yield of 2.30%.
- As of Nov 5, 2026, SmarterDividends' blended fair-value estimate for RPRX is $101.40 per share, 49% above the $67.99 share price, so RPRX screens as undervalued.
- Royalty Pharma plc (RPRX) pays its dividend quarterly, 4 times a year.
- Royalty Pharma plc (RPRX) has raised its regular dividend 6 times and cut it 0 times across the 25 payments on record since 2020. Its most recent change was a 6.8% increase to $0.235 per share, going ex-dividend on Feb 20, 2026.
- Royalty Pharma (RPRX) has declared its first higher dividend of the year in January in 5 of the last 5 years; its most recent raise, 6.8%, was declared on Jan 9, 2026.
Cite this page
SmarterDividends, "RPRX Dividend: Yield, Safety Grade & Next Ex-Date," updated Nov 5, 2026, https://smarterdividends.com/stocks/RPRX
Is RPRX a good dividend stock?
YesRoyalty Pharma plc (RPRX) pays a quarterly dividend yielding 1.39% ($0.94/yr), with 5 years of growth and a dividend-safety grade of B. It scores well across payout coverage, growth history and safety — a dependable income holding.
Advantages
- Never cut its dividend on record
- Strong 8.0% 5-yr dividend growth
- 69% total price return over 5 years
Risks
- Single-stock concentration risk — diversify
Key Data
- Dividend Yield
- 1.39%
- Payout Ratio
- 60%
- Annual Dividend
- $0.94
- 5-Yr Avg Growth
- 8.0%
- Ex-Dividend Date
- Nov 13, 2026
- Years of Growth
- 5
- Frequency
- quarterly
- Beta
- —
- Market Cap
- $39.3B
- P/E Ratio
- 44.4
- 5-Yr Total Return
- 69%
- 52-Week Range
- $36.03 – $67.71
- Dividend Safety
- B · 77/100
- Ever Cut?
- No
RPRX dividend raises and cuts
Royalty Pharma plc (RPRX) has raised its regular dividend 6 times and cut it 0 times across the 25 payments on record since 2020. Its most recent change was a 6.8% increase to $0.235 per share, going ex-dividend on Feb 20, 2026.
| Ex-date | Change | Old → new | Move |
|---|---|---|---|
| Feb 20, 2026 | Raise | $0.220 → $0.235 | +6.8% |
| Feb 21, 2025 | Raise | $0.210 → $0.220 | +4.8% |
| Feb 15, 2024 | Raise | $0.200 → $0.210 | +5.0% |
| Feb 15, 2023 | Raise | $0.190 → $0.200 | +5.3% |
| Feb 17, 2022 | Raise | $0.170 → $0.190 | +11.8% |
| Feb 18, 2021 | Raise | $0.150 → $0.170 | +13.3% |
Frequently Asked Questions
Is RPRX a good dividend stock?
Yes. Royalty Pharma plc (RPRX) pays a quarterly dividend yielding 1.39% ($0.94/yr), with 5 years of growth and a dividend-safety grade of B. It scores well across payout coverage, growth history and safety — a dependable income holding.
Is RPRX undervalued?
Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, RPRX's fair value is about $101.40 versus a $67.99 share price — so it looks undervalued (+49% vs. fair value).
Is RPRX's dividend safe?
RPRX has a dividend-safety grade of B (77/100), based on its payout coverage, free-cash-flow, 5-year growth streak, a clean no-cut history, debt and yield-versus-history.
What is RPRX's fair value?
Our blended fair-value estimate for RPRX is about $101.40 per share, roughly 49% above the current $67.99 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.
Is RPRX a buy, hold, or sell?
We don't issue formal ratings, but on the data RPRX screens as "yes" and undervalued. Royalty Pharma plc (RPRX) pays a quarterly dividend yielding 1.39% ($0.94/yr), with 5 years of growth and a dividend-safety grade of B. It scores well across payout coverage, growth history and safety — a dependable income holding. This is research for your own analysis, not investment advice.
Will RPRX cut its dividend?
RPRX earns a dividend-safety grade of B (77/100), with no dividend cut on record. A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.
Does RPRX pay a dividend?
Yes. Royalty Pharma plc pays a quarterly dividend of about $0.94 per share annually, a forward yield of roughly 1.39%.
How much dividend does 100 shares of RPRX pay?
At $0.94 per share a year, 100 shares of RPRX pay $94.00 a year in dividends before tax, about $23.50 each quarter. Buying them costs about $6,799 at the Nov 5, 2026 price.
What is RPRX's dividend yield?
As of Nov 5, 2026, RPRX's forward dividend yield is 1.39%, based on a $0.94 annual dividend and a $67.99 share price.
What is RPRX's dividend per share?
As of Nov 5, 2026, RPRX pays $0.94 per share per year, distributed on a quarterly basis.
What is RPRX's dividend payout ratio?
As of Nov 5, 2026, RPRX's payout ratio is 60% of trailing 12-month earnings — a moderate level that's generally sustainable.
How many years has RPRX grown its dividend?
As of Nov 5, 2026, RPRX has increased its dividend for 5 consecutive years.
When is the next RPRX ex-dividend date?
As of Nov 5, 2026, the next ex-dividend date on record for RPRX is Nov 13, 2026.
RPRX Price — Last 12 Months
Daily close
Price Return
1 Year
+68%
3 Years
+148%
5 Years
+69%
52-Week Range
$36.03 – $67.71
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is RPRX worth?
Undervaluedlow confidenceOur blended fair-value estimate for Royalty Pharma plc is $101.40 per share, versus a market price of $67.99. That implies 49% of upside — a margin of safety of about 33%.
Fair Value
$101.40
Current Price
$67.99
Upside
+49%
Margin of Safety
33%
How we get there
Discounted cash flow
Discounts projected free cash flow back to today.
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about -2.6% annual free-cash-flow growth. We model 12.0% — below our estimate, leaving room for upside if the business executes.
Assumptions: 8.0% discount rate (CAPM), 12.0% growth for five years fading to 2.5% over the next five, $1.88 EPS, $0.94 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
RPRX Dividend Safety Score
Safe
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
Full RPRX dividend history →| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Aug 14, 2026 | Sep 10, 2026 | $0.2350 | regular |
| May 15, 2026 | Jun 10, 2026 | $0.2350 | regular |
| Feb 20, 2026 | Mar 10, 2026 | $0.2350 | regular |
| Nov 14, 2025 | Dec 10, 2025 | $0.2200 | regular |
| Aug 15, 2025 | Sep 10, 2025 | $0.2200 | regular |
| May 16, 2025 | Jun 10, 2025 | $0.2200 | regular |
| Feb 21, 2025 | Mar 10, 2025 | $0.2200 | regular |
| Nov 15, 2024 | Dec 10, 2024 | $0.2100 | regular |
| Aug 16, 2024 | Sep 13, 2024 | $0.2100 | regular |
| May 16, 2024 | Jun 14, 2024 | $0.2100 | regular |
| Feb 15, 2024 | Mar 15, 2024 | $0.2100 | regular |
| Nov 16, 2023 | Dec 15, 2023 | $0.2000 | regular |
| Aug 17, 2023 | Sep 15, 2023 | $0.2000 | regular |
| May 18, 2023 | Jun 15, 2023 | $0.2000 | regular |
Income Calculator
At $0.94 / yr per share
Similar Dividend Stocks
Compare RPRX
Explore more
Lists and tools related to RPRX
- Does Royalty Pharma pay dividends? →
- Companies that raise dividends in January →
- Stocks that pay dividends in December →
- Undervalued dividend stocks →
- Healthcare dividend stocks →
- RPRX dividend calculator →
- RPRX DRIP calculator →
- RPRX: last day to buy for the dividend →
- Embed RPRX dividend data on your site →
- Dividend increases & cuts this week →
- Dividend calendar →
- Dividend calculator →
- Dividend income calculator →
- DRIP calculator →
- Latest dividend cuts →
- Dividend cuts this month (research note) →
- Dividend increases this month (research note) →
- Safety score track record →
- Dividend screener →
- Dividend history lookup →
- Guide: what is a good dividend yield? →
- Guide: how to value a dividend stock →