TORONTO, December 3, 2010 Royal Bank of Canada (RY on TSX and NYSE) today announced a quarterly common share dividend of $0.50 per share, payable on and after February 24, 2011, to common shareholders of record at the close of business on January 26, 2011.
The board also announced dividends on the following Non-Cumulative First Preferred Shares, payable on and after February 24, 2011, to shareholders of record at the close of business on January 26, 2011.
In lieu of cash dividends, holders of the bank's common and preferred shares who reside in Canada and common shareholders who reside in the United States may elect to have their dividends reinvested in additional common shares of the bank, in accordance with the bank's dividend reinvestment plan (the "plan").
Under the plan, the bank determines whether the additional common shares will be purchased in the open market or issued by the bank from treasury. At this time, the bank has decided to issue shares from treasury with no applicable discount from the average market price (as defined in the plan) and will continue until further notice.
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For further information:
Shirley Boudreau, Shareholder Relations, Toronto
(416) 955-7806, firstname.lastname@example.org
Gillian McArdle, Media Relations, Toronto
(416) 974-5506, toll-free 1-888-880-2173,