Today Royal Bank of Canada (RY) announced to increase their quarterly dividend from C$0,94 to C$0,98. This is a dividend increase of 4,3%. This is the 2nd time this year that Royal Bank of Canada increased their dividend. Earlier this year Royal Bank of Canada (RY) already increased it’s dividend from C$0,91 to C$0,94.
The total dividend increase this year comes at 7,7%.
This dividend increase of 4 cents results for me in €2,22 extra dividend income per year, because I own 21 shares at the moment.
The yield on cost for me after the dividend increase is 3,85% up from 3,69%