Increased dividend payout and annual yield

  • Royal Bank of Canada raises quarterly dividend by 2.2%
  • New dividend payout of 1.38 Canadian dollars (US$1.01)
  • Annual yield of about 4.65%
  • Dividend payable on Feb. 23 to shareholders of record Jan. 25

Royal Bank of Canada’s board has announced a 2.2% increase in the quarterly dividend, raising it to 1.38 Canadian dollars (US$1.01) from C$1.35. This new payout, equivalent to C$5.52 per year, offers an annual yield of approximately 4.65%. Shareholders of record as of January 25 will receive the increased dividend on February 23.

Public Companies: Royal Bank of Canada (RBC)
Private Companies:
Key People:

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Factuality Level: 10
Justification: The article provides factual information about Royal Bank of Canada’s board raising the quarterly dividend by 2.2% and the new payout amount. It also includes the dates of payment and record for the dividend. There are no digressions, misleading information, sensationalism, redundancy, or opinion masquerading as fact in the article.

Noise Level: 8
Justification: The article provides basic information about Royal Bank of Canada’s dividend increase, but it lacks any analysis, context, or insights. It is a straightforward reporting of the dividend increase without any exploration of the long-term trends, consequences, or potential risks associated with the decision. The article also does not provide any evidence, data, or examples to support its claims. Overall, it is a short and shallow piece of news without much substance.

Financial Relevance: Yes
Financial Markets Impacted: Royal Bank of Canada

Presence of Extreme Event: No
Nature of Extreme Event: No
Impact Rating of the Extreme Event: No
Justification: The article pertains to a financial topic as it discusses the increase in Royal Bank of Canada’s quarterly dividend.

Reported publicly: www.marketwatch.com