Royal Bank Of Canada (NYSE:RY) (TSE:RY) declared a quarterly dividend on Wednesday, November 30th. Stockholders of record on Thursday, January 26th will be paid a dividend of 0.6152 per share on Friday, February 24th. This represents a $2.46 dividend on an annualized basis and a dividend yield of 3.80%. The ex-dividend date of this dividend is Tuesday, January 24th.

Shares of Royal Bank Of Canada (NYSE:RY) traded down 3.33% during trading on Wednesday, hitting $64.82. 2,006,901 shares of the stock were exchanged. The stock has a market cap of $96.18 billion, a price-to-earnings ratio of 12.75 and a beta of 1.19. Royal Bank Of Canada has a 12-month low of $44.37 and a 12-month high of $67.07. The stock’s 50 day moving average is $63.40 and its 200-day moving average is $61.72.

Dividend History for Royal Bank Of Canada (NYSE:RY)

Several hedge funds have recently modified their holdings of the company. FMR LLC boosted its stake in shares of Royal Bank Of Canada by 10.6% in the second quarter. FMR LLC now owns 30,229,683 shares of the company’s stock worth $1,786,240,000 after buying an additional 2,901,424 shares during the last quarter. Mackenzie Financial Corp purchased a new stake in shares of Royal Bank Of Canada during the second quarter worth $417,460,000. Parametric Portfolio Associates LLC boosted its stake in shares of Royal Bank Of Canada by 0.9% in the second quarter. Parametric Portfolio Associates LLC now owns 202,795 shares of the company’s stock worth $11,983,000 after buying an additional 1,861 shares during the last quarter. Counsel Portfolio Services Inc. purchased a new stake in shares of Royal Bank Of Canada during the second quarter worth $10,634,000. Finally, Raymond James & Associates boosted its stake in shares of Royal Bank Of Canada by 19.3% in the second quarter. Raymond James & Associates now owns 108,726 shares of the company’s stock worth $6,409,000 after buying an additional 17,609 shares during the last quarter. Institutional investors and hedge funds own 46.05% of the company’s stock.

RY has been the topic of several analyst reports. Desjardins reissued a “buy” rating and issued a $86.00 target price on shares of Royal Bank Of Canada in a research report on Friday, August 26th. Barclays PLC reissued a “sell” rating on shares of Royal Bank Of Canada in a research report on Thursday, October 27th. Canaccord Genuity raised shares of Royal Bank Of Canada from a “hold” rating to a “buy” rating in a research report on Thursday, October 13th. TD Securities reaffirmed a “hold” rating and set a $86.00 price objective (up from $81.00) on shares of Royal Bank Of Canada in a research report on Friday, August 26th. Finally, Credit Suisse Group AG reaffirmed an “outperform” rating and set a $100.00 price objective (up from $96.00) on shares of Royal Bank Of Canada in a research report on Friday, August 26th. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating and seven have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $83.70.

TRADEMARK VIOLATION WARNING: This story was posted by The Cerbat Gem and is the propert of of The Cerbat Gem. If you are accessing this story on another site, it was stolen and reposted in violation of US and international copyright & trademark legislation. The original version of this story can be viewed at https://www.thecerbatgem.com/2016/11/30/royal-bank-of-canada-plans-quarterly-dividend-of-0-62-ry.html.

About Royal Bank Of Canada

Royal Bank of Canada (RBC), is a diversified financial services company. The Company provides personal and commercial banking, wealth management services, insurance, investor services and capital markets products and services on a global basis. The Company serves personal, business, public sector and institutional clients in Canada, the United States and approximately 40 other countries.

5 Day Chart for NYSE:RY

Receive News & Stock Ratings for Royal Bank Of Canada Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Royal Bank Of Canada and related stocks with our FREE daily email newsletter.