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Royal Bank of Canada announces increase to common share
dividend
TORONTO, March 2, 2007 — Royal Bank of Canada
(RY on TSX and NYSE) today announced an increase to its quarterly
common share dividend of six cents per share or 15 per cent
to 46 cents, payable on May 24, 2007, to common shareholders
of record on April 25, 2007.
The quarterly common share dividend was last increased by
four cents per share to 40 cents in the fourth quarter of
2006, for shareholders of record on October 26, 2006.
The board also declared dividends on the following Non-Cumulative
First Preferred Shares, payable on May 24, 2007, to shareholders
of record on April 25, 2007.
- Series N, Dividend No. 36 of $0.29375 per share.
- Series W, Dividend No. 9 of $0.30625 per share.
- Series AA, Dividend No. 5 of $0.278125 per share.
- Series AB, Dividend No. 3 of $0.293750 per share.
- Series AC, Dividend No. 2 of $0.2875 per share.
- Series AD, Dividend No. 1 of $0.499315 per share.
- Series AE, Dividend No. 1 of $0.385274 per share.
The board also declared that all dividends (and deemed dividends)
paid by the bank to Canadian residents on its common and preferred
shares after December 31, 2005, are designated as "eligible
dividends" for purposes of the enhanced dividend tax
credit rules contained in the Income Tax Act (Canada)
and any corresponding provincial and territorial tax legislation.
In addition, the board declared that, unless stated otherwise,
all dividends (and deemed dividends) paid by the bank hereafter
are designated as "eligible dividends" for the purposes
of such rules.
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For further information:
Media Contact:
Beja Rodeck, Media Relations, (416) 974-5506,
toll-free 1-888-880-2173, beja.rodeck@rbc.com
Investor Contacts:
Shirley Boudreau, Shareholder Relations, (416) 955-7806, shirley.boudreau@rbc.com
Dave Mun, Investor Relations, (416) 955-7808, dave.mun@rbc.com
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