Is Royal Bank of Canada a good dividend stock?

Royal Bank of Canada (RY) is a dividend-paying stock with a current dividend yield of 2.19%. Review its dividend history, payout consistency and growth to judge whether it fits your income strategy.

What is RY's dividend yield?

The dividend yield for RY stock is currently 2.19%.

How much does RY pay in dividends per year?

Royal Bank of Canada pays an annual dividend of $4.6262 per share over the trailing twelve months.

How often does RY pay dividends?

RY stock pays dividends quarterly.

Is RY's dividend growing?

Royal Bank of Canada's 3-year dividend CAGR is 5.89%.

RY Stock Price, Chart, Stats & News

Royal Bank of Canada

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Overview Dividend safety Dividends Fundamentals

Royal Bank of Canada (RY) is a dividend-paying stock with a current dividend yield of 2.19% as of Jul 10, 2026. It pays $4.63 per share over the trailing twelve months and distributes quarterly. Its dividend has grown at a 6.74% 5-year compound annual rate.

293.37B

Market cap

18.63x

Current P/E

17.15x

Forward P/E

2.19%

Dividend yield

$4.63

RY dividend

Dividend safety

Strong

Dividend coverage looks healthy — RY pays out about 41% of earnings.

See the safety analysis

RY chart

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Fundamentals

Gross margin	46.04%
Operating margin	19.35%
Pretax margin	19.33%
Net margin	15.28%
Effective tax rate	21.07%
ROA	0.90%
ROE	15.37%
D/E	2.59x
Interest coverage ratio	0.38x

All financials

RY valuation

P/E	18.63x
P/S	2.23x
P/B	1.61x
P/CF	7.39x
P/FCF	10.81x
P/OCF	7.39x
PEG	2.18x
EV multiple	-0.34x

About

Royal Bank of Canada (RBC), established in 1864 and headquartered in Toronto, Canada, operates as a comprehensive global financial institution. Its Personal & Commercial Banking division caters to individual clients by providing essential services like checking and savings accounts, various lending options (including mortgages, personal loans, and auto financing), private banking, investment vehicles such as mutual funds and guaranteed investment certificates (GICs), along with credit cards and payment solutions. For small and medium-sized commercial enterprises, this segment delivers a suite of services including financing, leasing, deposit management, foreign exchange, cash management, auto dealer financing, and trade solutions.