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Dividend Dates for 2020

Subject to approval by the Board of Directors.

Dividend Dates for 2020 Table
Share Series Record Dates Payment Dates
Common shares and preferred shares series:
W, AA, AC, AE, AF, AG, AJ, AK, AL, AZ, BB, BD, BF, BH, BI, BJ, BK, BM and BO
  • January 27
  • April 23
  • July 27
  • October 26
  • February 24
  • May 22
  • August 24
  • November 24
Preferred shares series:
C·2 (US $)
  • January 28
  • April 27
  • July 28
  • October 27
  • February 7
  • May 7
  • August 7
  • November 6

Eligible Dividend Designation

For purposes of the enhanced dividend tax credit rules contained in the Income Tax Act (Canada) and any corresponding provincial and territorial tax legislation, all dividends (and deemed dividends) paid by the bank to Canadian residents on our common and preferred shares after December 31, 2005, are designated as "eligible dividends".

Unless stated otherwise, all dividends (and deemed dividends) paid by the bank hereafter are designated as "eligible dividends" for the purposes of such rules.

Royal Bank of Canada offers a Dividend Reinvestment Plan (the "Plan").

Under the Plan, common and preferred shareholders who reside in Canada and common shareholders in the United States may elect to have dividends paid on their shares reinvested in common shares of the bank. The bank determines whether the common shares are purchased on the secondary market or are newly-issued by the bank from treasury.

Under the Plan, the bank may offer a discount from the average market price (as defined in the Plan) on the reinvestment of dividends in additional common shares 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.

A description of the material attributes and characteristics of the bank's common shares can be found in the "Description of Capital Structure" section of the bank's Annual Information Form which is filed annually with the Canadian Securities Administrators and can be accessed on the bank's website, on SEDAR, the Canadian Securities Administrators' website (PDF opens in new window) and on the EDGAR section of the U.S. Securities Exchange Commission's website (PDF opens in new window).

Registered common shareholders of record residing in Canada and the United States wishing to join the plan can obtain an enrolment form from the website (external site opens in new window) of the bank's plan agent, Computershare Trust Company of Canada.

Eligible beneficial or non-registered holders of the bank's common and preferred shares must contact their financial intermediary or broker if they wish to participate in the plan.

For additional information on participation in the Plan, please write, phone, or fax the Transfer Agent: Computershare Trust Company of Canada (PDF opens in new window).

For additional information on participation in the Plan, please write, phone, or fax the Transfer Agent:

Computershare Trust Company of Canada
Attention: Dividend Reinvestment Dept.
100 University Avenue, 9th Floor
Toronto, Ontario M5J 2Y1

Historical Dividend Info

Common Shares Dividend History

Common Share Information

For capital gains purposes, the Valuation Day (December 22, 1971) cost base for our common shares is $7.38 per share. This amount has been adjusted to reflect the 2-for-1 stock splits in 1981 and 1990. The 1-for-1 stock dividend in October 2000 and April 2006 does not affect the Valuation Day amount for our common shares.

Stock Splits History Table
Distribution Dates Split Type
April 6, 2006 1-for-1 Stock Dividend
(same effect as 2-for-1 stock split)
October 5, 2000 1-for-1 Stock Dividend
(same effect as 2-for-1 stock split)
February 5, 1990 2-for-1 Stock Split
March 13, 1981 2-for-1 Stock Split

Royal Bank of Canada Declares Dividends

February 21, 2020

The Royal Bank of Canada announced its board of directors has declared a quarterly common share dividend.

Read the latest RBC Dividend Press Release

Royal Bank of Canada Research Analyst Coverage

Royal Bank of Canada Research Analyst Coverage Table
Analyst Company
John Aiken Barclays
Sumit Malhotra Scotia Capital Inc.
Sohrab Movahedi BMO Capital Markets
Nigel D’Souza Veritas
Mike Rizvanovic Credit Suisse
Mario Mendonca TD Securities
Gabriel Dechaine National
Doug Young Desjardins Securities
Maria Semikhatova Citigroup
Meny Grauman Cormark Securities
Scott Chan Canaccord Genuity
Ebrahim Poonawala Bank of America
Steve Theriault Eight Capital

Preferred Share Information

Preferred Share Info Table
Series Stock Exchange Current Dividend per Share Ticker Symbol
(View Quote)
Prospectus Supplement Base Document CUSIP#
Series W TSX CAD $0.30625 RY.PR.W (External site opens in new window) View (PDF opens in new window)   780085502
Series AA TSX CAD $0.278125 RY.PR.A (External site opens in new window) View (PDF opens in new window) View (PDF opens in new window) 780085445
Series AC TSX CAD $0.2875 RY.PR.C (External site opens in new window) View (PDF opens in new window) View (PDF opens in new window) 780102604
Series AE TSX CAD $0.28125 RY.PR.E (External site opens in new window) View (PDF opens in new window) View (PDF opens in new window) 780102760
Series AF TSX CAD $0.278125 RY.PR.F (External site opens in new window) View (PDF opens in new window) View (PDF opens in new window) 780102653
Series AG TSX CAD $0.28125 RY.PR.G (External site opens in new window) View (PDF opens in new window) View (PDF opens in new window) 780102554
Series AZ TSX CAD $0.23125 RY.PR.Z (External site opens in new window) View (PDF opens in new window) View (PDF opens in new window) 78012G411
Series BB TSX CAD $0.228125 RY.PR.H (External site opens in new window) View (PDF opens in new window) View (PDF opens in new window) 78012H567
Series BD TSX CAD $0.225 RY.PR.J (External site opens in new window) View (PDF opens in new window) View (PDF opens in new window) 78012Q112
Series BF TSX CAD $0.225 RY.PR.M (External site opens in new window) View (PDF opens in new window) View (PDF opens in new window) 78012T470
Series BH TSX CAD $0.30625 RY.PR.N (External site opens in new window) View (PDF opens in new window) View (PDF opens in new window) 78013J455
Series BI TSX CAD $0.30625 RY.PR.O (External site opens in new window) View (PDF opens in new window) View (PDF opens in new window) 78013K601
Series BJ TSX CAD $0.328125 RY.PR.P (External site opens in new window) View (PDF opens in new window) View (PDF opens in new window) 78013K288
Series C-2 NYSE USD $16.8751 RY.PR.T (External site opens in new window)   View (PDF opens in new window) 78013G303
Series BK TSX CAD $0.34375 RY.PR.Q (External site opens in new window) View (PDF opens in new window) View (PDF opens in new window) 78013L211
Series BM TSX CAD $0.34375 RY.PR.R (External site opens in new window) View (PDF opens in new window) View (PDF opens in new window) 78013N274
Series BO TSX CAD $0.30 RY.PR.S (External site opens in new window) View (PDF opens in new window) View (PDF opens in new window) 78013R390
Equivalent to USD $0.421875 per related depositary share

Royal Bank of Canada Declares Dividends

February 21, 2020

The Royal Bank of Canada announced its board of directors has declared a quarterly common share dividend.

Read the latest RBC Dividend Press Release