TORONTO, May 24, 2012 Royal Bank of Canada (RY on TSX and NYSE) today announced its quarterly common share dividend of 57 cents per share, payable on and after August 24, 2012, to common shareholders of record at the close of business on July 26, 2012.
The board also announced dividends on the following Non-Cumulative First Preferred Shares, payable on and after August 24, 2012, to shareholders of record at the close of business on July 26, 2012.
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 purchase shares on the open market with no applicable discounts (as defined in the plan) and will continue to do so until further notice.
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For further information, please contact:
Shirley Boudreau, Shareholder Relations, Toronto
Tanis Robinson, Corporate Communications