Royal Bank of Canada (TSE:RY) (NYSE:RY) announced a quarterly dividend on Wednesday, August 23rd, RTT News reports. Stockholders of record on Thursday, October 26th will be paid a dividend of 0.91 per share by the financial services provider on Friday, November 24th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 3.61%. The ex-dividend date is Wednesday, October 25th. This is an increase from Royal Bank of Canada’s previous quarterly dividend of $0.87.

Shares of Royal Bank of Canada (TSE:RY) opened at 100.82 on Friday. Royal Bank of Canada has a 12 month low of $81.82 and a 12 month high of $100.94. The company has a market cap of $146.99 billion and a P/E ratio of 13.77. The company’s 50 day moving average is $95.13 and its 200-day moving average is $94.35.

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A number of equities analysts have recently commented on the stock. Scotiabank downgraded shares of Royal Bank of Canada from an “outperform” rating to a “sector perform” rating and reduced their price objective for the stock from C$102.00 to C$100.00 in a report on Monday, August 21st. National Bank Financial reduced their price objective on shares of Royal Bank of Canada from C$101.00 to C$99.00 and set a “sector perform” rating for the company in a report on Thursday, August 24th. Barclays PLC raised their price objective on shares of Royal Bank of Canada from C$94.20 to C$96.00 in a report on Friday, August 25th. BMO Capital Markets reaffirmed a “market perform” rating and set a C$100.00 price objective on shares of Royal Bank of Canada in a report on Thursday, August 24th. Finally, Eight Capital raised their price objective on shares of Royal Bank of Canada from C$102.00 to C$105.00 in a report on Friday, August 25th. Five analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Royal Bank of Canada currently has an average rating of “Hold” and a consensus target price of C$99.75.

In other news, Director Thierry Vandal bought 729 shares of the company’s stock in a transaction that occurred on Friday, September 15th. The stock was acquired at an average price of C$91.91 per share, for a total transaction of C$67,002.39. Also, insider Jennifer Anne Tory sold 360 shares of the stock in a transaction dated Monday, July 24th. The stock was sold at an average price of C$93.63, for a total transaction of C$33,706.80. Insiders have sold a total of 25,364 shares of company stock valued at $2,361,633 in the last quarter.

Royal Bank of Canada Company Profile

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.

Dividend History for Royal Bank of Canada (TSE:RY)

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