Royal Bank of Canada
RYFinancial Services · Stock · quarterly payer
$194.97
Add to PortfolioForward Yield
2.61%
Annual Dividend
$5.10
Payout Ratio
41%
5-Yr Growth
5.8%
Ex-Date
Jul 27, 2026
Frequency
Quarterly
RY Dividend Safety Score
79/ 100
Grade B
Safe
Dividend-growth streak10 consecutive years of growth
Cut historyCut its dividend in 2015
Earnings payout coverage41% of earnings paid out
Yield vs its historyYield in line with its history
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
Is RY a good dividend stock?
YesRoyal Bank of Canada (RY) pays a quarterly dividend yielding 2.61% ($5.10/yr), with 10 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
- 10 consecutive years of dividend growth
- Comfortable payout ratio (41%)
- Strong 5.8% 5-yr dividend growth
- 92% total price return over 5 years
Risks
- Cut its dividend in 2015
Key Data
- Dividend Yield
- 2.61%
- Payout Ratio
- 41%
- Annual Dividend
- $5.10
- 5-Yr Avg Growth
- 5.8%
- Ex-Dividend Date
- Jul 27, 2026
- Years of Growth
- 10
- Frequency
- quarterly
- Beta
- 0.94
- Market Cap
- $270.9B
- P/E Ratio
- 17.6
- 5-Yr Total Return
- 92%
- 52-Week Range
- $126.02 – $195.53
- Dividend Safety
- B · 79/100
- Ever Cut?
- Yes (2015)
Frequently Asked Questions
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Apr 23, 2026 | — | $1.2000 | regular |
| Jul 24, 2025 | — | $1.1320 | regular |
| Apr 24, 2025 | — | $1.0660 | regular |
| Jan 27, 2025 | — | $1.0320 | regular |
| Oct 24, 2024 | — | $1.0260 | regular |
| Jul 25, 2024 | — | $1.0290 | regular |
| Apr 24, 2024 | — | $1.0100 | regular |
| Jan 24, 2024 | — | $1.0250 | regular |
| Oct 25, 2023 | — | $0.9830 | regular |
| Jul 25, 2023 | — | $1.0250 | regular |
| Apr 24, 2023 | — | $0.9750 | regular |
| Jan 25, 2023 | — | $0.9880 | regular |
| Oct 25, 2022 | — | $0.9340 | regular |
| Jul 25, 2022 | — | $0.9910 | regular |
Income Calculator
At $5.10 / yr per share
Per payment (quarterly)$127.50
Annual$510.00
Monthly avg$42.50
