Royal Bank of Canada (RY) Dividend History

NYSE: RYYield, payment dates, growth and payout ratio.

RY next dividend

$1.27per share · +2.2% vs last
Ex-dividend dateOct 26Monday, 2026
Payment dateNov 24Tuesday, 2026

Ex-dividend in 8 days. Shareholders who own RY before the ex-dividend date receive this payment.

  • 10 yearsof dividend increases
  • 1995paying since
  • —payments
  • +6.4%5-year growth a year
  • 2.51%forward yield

RY dividend income calculator

Dividend income a year
$496
Each payment
$124
Value of the shares
$19,780
Dividend yield
2.51%

At the latest close; forward annual dividend $4.96 per share, before tax.

RY dividends per share by year

Dividends per shareYield at year-end (right axis)

Calendar years by ex-dividend date. Yield = the year's dividends divided by the year-end share price.

RY dividend safety

Payout ratio (earnings)38.4%
Well covered · of trailing twelve-month earnings paid as dividends
Payout ratio (free cash flow)16.6%
Well covered · of fiscal 2025 free cash flow
Dividend growth (5 years)+6.4%
Growing · a year on average
Years of increases10
Long record · consecutive calendar years with a higher dividend

Descriptive bands, not a rating.

RY yield on cost

Royal Bank of Canada yield on cost
BoughtPrice paidYield on costDividends since% of price
1 year ago$145.793.40%$4.713.2%
3 years ago$82.905.98%$13.0015.7%
5 years ago$105.944.68%$20.7419.6%
10 years ago$63.667.79%$35.8256.3%
20 years ago$42.5711.65%$57.25134.5%

Today’s forward dividend as a yield on the price paid then, and the dividends one share has paid since (split-adjusted, before tax).

RY dividend payments

Payment

Each bar is one payment, by ex-dividend month (last 40 payments).

RY dividends by year

Royal Bank of Canada dividends per share by year
YearDividends per shareGrowthYield (year-end)Payments
2025$4.31+5.4%2.53%4
2024$4.09+2.8%3.39%4
2023$3.98+2.6%3.93%4
2022$3.88+11.4%4.12%4
2021$3.48+10.0%3.28%4
2020$3.17+3.2%3.86%4
2019$3.07+4.4%3.88%4
2018$2.94+9.6%4.29%4
2017$2.68+10.2%3.28%4
2016$2.43+0.1%3.59%4
2015$2.43−5.5%4.54%4
2014$2.57+3.7%3.73%4
2013$2.48+8.6%3.69%4
2012$2.29+6.8%3.79%4
2011$2.14+10.3%4.20%4
2010$1.94+8.7%3.71%4
2009$1.79−5.7%3.33%4
2008$1.89+9.4%6.39%4
2007$1.73+35.3%3.39%4
2006$1.28—2.68%4

RY dividend history

125 payments
Royal Bank of Canada dividend payment history
Ex-dividend datePayment dateAmountChangeFrequency
2026-10-262026-11-24$1.27+2.2%
2026-07-272026-08-24$1.24+3.8%Quarterly
2026-04-232026-05-22$1.19+1.5%Quarterly
2026-01-262026-02-24$1.17+6.1%Quarterly
2025-10-272025-11-24$1.11−1.6%Quarterly
2025-07-242025-08-22$1.12+9.7%Quarterly
2025-04-242025-05-23$1.03−2.8%Quarterly
2025-01-272025-02-24$1.05+2.8%Quarterly
2024-10-242024-11-22$1.03−0.4%Quarterly
2024-07-252024-08-23$1.03+2.0%Quarterly
2024-04-242024-05-24$1.01−1.4%Quarterly
2024-01-242024-02-23$1.02+2.8%Quarterly
2023-10-252023-11-24$0.9959−2.8%Quarterly
2023-07-252023-08-24$1.02+5.1%Quarterly
2023-04-242023-05-24$0.975−0.8%Quarterly
2023-01-252023-02-24$0.9832+1.1%Quarterly
Show all 125 payments
Ex-dividend datePayment dateAmountChangeFrequency
2022-10-252022-11-24$0.9723−2.5%Quarterly
2022-07-252022-08-24$0.9972+3.9%Quarterly
2022-04-222022-05-24$0.9598+1.3%Quarterly
2022-01-252022-02-24$0.9476+8.4%Quarterly
2021-10-252021-11-24$0.8742−2.1%Quarterly
2021-07-232021-08-24$0.8928+3.2%Quarterly
2021-04-212021-05-21$0.8651+1.9%Quarterly
2021-01-252021-02-24$0.8493+3.4%Quarterly
2020-10-232020-11-24$0.8213+4.6%Quarterly
2020-07-242020-08-24$0.7854+3.3%Quarterly
2020-04-222020-05-22$0.7605−4.8%Quarterly
2020-01-242020-02-24$0.7987−0.4%Quarterly
2019-10-232019-11-22$0.8021+3.3%Quarterly
2019-07-242019-08-23$0.7768+2.7%Quarterly
2019-04-242019-05-24$0.7564+3.1%Quarterly
2019-01-232019-02-22$0.7338−2.6%Quarterly
2018-10-242018-11-23$0.7532+5.2%Quarterly
2018-07-252018-08-24$0.7163−2.3%Quarterly
2018-04-242018-05-24$0.7328−0.6%Quarterly
2018-01-242018-02-23$0.737+3.6%Quarterly
2017-10-252017-11-24$0.7117+2.3%Quarterly
2017-07-242017-08-24$0.6957+8.1%Quarterly
2017-04-212017-05-24$0.6437+2.1%Quarterly
2017-01-242017-02-24$0.6307+1.5%Quarterly
2016-10-242016-11-24$0.6216+1.1%Quarterly
2016-07-222016-08-24$0.6151−3.5%Quarterly
2016-04-212016-05-24$0.6373+14.0%Quarterly
2016-01-222016-02-24$0.559−7.2%Quarterly
2015-10-222015-11-24$0.6026+1.7%Quarterly
2015-07-232015-08-24$0.5926−5.6%Quarterly
2015-04-212015-05-22$0.6274+3.2%Quarterly
2015-01-222015-02-24$0.6082−8.8%Quarterly
2014-10-232014-11-24$0.6669+1.0%Quarterly
2014-07-222014-08-22$0.6605+2.7%Quarterly
2014-04-222014-05-23$0.6433+6.8%Quarterly
2014-01-232014-02-24$0.6022−7.6%Quarterly
2013-10-222013-11-22$0.6514+6.4%Quarterly
2013-07-232013-08-23$0.6122−0.3%Quarterly
2013-04-232013-05-24$0.6141+1.7%Quarterly
2013-01-222013-02-22$0.604−0.1%Quarterly
2012-10-232012-11-23$0.6045+5.2%Quarterly
2012-07-242012-08-24$0.5744+0.3%Quarterly
2012-04-232012-05-24$0.5729+7.2%Quarterly
2012-01-242012-02-24$0.5342−0.6%Quarterly
2011-10-242011-11-24$0.5375−5.4%Quarterly
2011-07-222011-08-24$0.5683+8.1%Quarterly
2011-04-212011-05-24$0.5258+3.4%Quarterly
2011-01-242011-02-24$0.5087+2.9%Quarterly
2010-10-222010-11-24$0.4944+4.7%Quarterly
2010-07-222010-08-24$0.4719−5.6%Quarterly
2010-04-202010-05-21$0.5+5.5%Quarterly
2010-01-222010-02-24$0.4742+0.4%Quarterly
2009-10-222009-11-24$0.4724+1.8%Quarterly
2009-07-232009-08-24$0.4641+4.0%Quarterly
2009-04-212009-05-22$0.4464+10.8%Quarterly
2009-01-222009-02-24$0.4027+1.2%Quarterly
2008-10-232008-11-24$0.3978−19.9%Quarterly
2008-07-222008-08-22$0.4969−1.8%Quarterly
2008-04-222008-05-23$0.5059+2.5%Quarterly
2008-01-222008-02-22$0.4934−4.7%Quarterly
2007-10-232007-11-23$0.5177+18.4%Quarterly
2007-07-242007-08-24$0.4371+3.0%Quarterly
2007-04-232007-05-24$0.4244+20.7%Quarterly
2007-01-232007-02-23$0.3515−0.8%Quarterly
2006-10-242006-11-24$0.3543+8.9%Quarterly
2006-07-242006-08-24$0.3254+1.4%Quarterly
2006-04-212006-05-24$0.3208+15.1%Quarterly
2006-01-242006-02-24$0.2787+2.1%Quarterly
2005-10-212005-11-23$0.2731+8.8%Quarterly
2005-07-222005-08-24$0.2511+13.4%Quarterly
2005-04-212005-05-24$0.2214−4.4%Quarterly
2005-01-242005-02-24$0.2316+10.5%Quarterly
2004-10-222004-11-24$0.2097+5.3%Quarterly
2004-07-222004-08-24$0.1991+5.2%Quarterly
2004-04-202004-05-21$0.1894+9.3%Quarterly
2004-01-222004-02-24$0.1732−1.3%Quarterly
2003-10-232003-11-24$0.1755+18.8%Quarterly
2003-07-212003-08-22$0.1478−0.1%Quarterly
2003-04-212003-05-23$0.1479+10.3%Quarterly
2003-01-232003-02-24$0.1341+5.8%Quarterly
2002-10-212002-11-22$0.1267+3.7%Quarterly
2002-07-222002-08-23$0.1222−1.3%Quarterly
2002-04-222002-05-24$0.1238+9.8%Quarterly
2002-01-222002-02-22$0.1128+0.1%Quarterly
2001-10-222001-11-23$0.1126−3.6%Quarterly
2001-07-232001-08-24$0.1168+9.4%Quarterly
2001-04-202001-05-24$0.1068−0.5%Quarterly
2001-01-222001-02-23$0.1073+10.0%Quarterly
2000-10-232000-11-24$0.0975−2.6%
2000-07-212000-08-24$0.1002+11.2%Quarterly
2000-04-192000-05-24$0.0901−2.4%Quarterly
2000-01-212000-02-24$0.0922+12.8%Quarterly
1999-10-211999-11-24$0.0818+1.9%Quarterly
1999-07-221999-08-24$0.0802+3.1%Quarterly
1999-04-211999-05-21$0.0778+1.3%Quarterly
1999-01-211999-02-24$0.0768+3.3%Quarterly
1998-10-221998-11-24$0.0743+0.1%Quarterly
1998-07-231998-08-24$0.0742+2.6%Quarterly
1998-04-221998-05-22$0.0724−1.9%Quarterly
1998-01-221998-02-24$0.0738+5.5%Quarterly
1997-10-231997-11-24$0.0699−0.0%Quarterly
1997-07-221997-08-22$0.07+4.0%Quarterly
1997-04-221997-05-23$0.0673−1.0%Quarterly
1997-01-231997-02-24$0.068+7.4%Quarterly
1996-10-221996-11-22$0.0633+2.5%Quarterly
1996-07-221996-08-23$0.0617−1.0%Quarterly
1996-04-221996-05-24$0.0624+10.2%Quarterly
1996-01-221996-02-23$0.0566+0.2%Quarterly
1995-10-231995-11-24$0.0565—Quarterly

Amounts per share, adjusted for stock splits. Highlighted rows are announced but not yet paid.

RY stock split history

  • 2:1April 7, 2006
  • 2:1October 6, 2000

RY dividend overview

Royal Bank of Canada pays an annual dividend of $4.96 per share, a yield of 2.51% at the latest close. It paid $4.31 per share in 2025, up 5.4% from 2024. It has raised its dividend for 10 consecutive years. Over five years the dividend grew 6.4% a year on average and over ten years 5.9% a year. The payout ratio is 38.4% of trailing earnings.

Related: RY chart. See the RY stock overview for the latest quote and news.

RY dividends FAQ

Does Royal Bank of Canada pay a dividend?

Yes. Royal Bank of Canada has paid a regular dividend since 1995, most recently $1.27 per share with an ex-dividend date of October 26, 2026.

What is Royal Bank of Canada's dividend yield?

Royal Bank of Canada's forward annual dividend is $4.96 per share, a dividend yield of 2.51% at the latest close of $197.80.

When is Royal Bank of Canada's next dividend?

Royal Bank of Canada's next dividend of $1.27 per share goes ex-dividend on October 26, 2026 and is paid on November 24, 2026. Shareholders who own the stock before the ex-dividend date receive it.

How fast is Royal Bank of Canada's dividend growing?

Royal Bank of Canada's dividend per share grew from $3.17 in 2020 to $4.31 in 2025, 6.4% a year on average over five years; it has increased for 10 years in a row.

What is Royal Bank of Canada's dividend payout ratio?

Royal Bank of Canada pays out 38.4% of its trailing earnings as dividends and 16.6% of its free cash flow (fiscal 2025).

Has Royal Bank of Canada split its stock?

Royal Bank of Canada has split its stock 2 times: 2:1 on April 7, 2006, 2:1 on October 6, 2000. Dividends per share on this page are adjusted for splits.

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