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Dividend Dates for 2023

Subject to approval by the Board of Directors.

Dividend Dates for 2022 Table
Share Series Record Dates Payment Dates
Common shares and preferred shares series:
AZ, BB, BD, BF, BH, BI and BO
  • January 26
  • April 25
  • July 26
  • October 26
  • February 24
  • May 24
  • August 24
  • November 24
Preferred shares series:
C·2 (US $)
  • January 27
  • April 28
  • July 28
  • October 27
  • February 7
  • May 8
  • August 8
  • November 7
Preferred shares series:
BT
  • February 15
  • August 17
  • February 24
  • August 24

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 by the Plan agent 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 issue additional shares from treasury at a 2% discount from the average market price (as defined in the Plan) and this will continue 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 and 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

August 24, 2023

Royal Bank of Canada announced today that its board of directors has declared an increase to its quarterly common share dividend of three cents or two per cent, to $1.35 per share, payable on and after November 24, 2023, to common shareholders of record at the close of business on October 26, 2023.

Read the latest RBC Dividend Press Release

Royal Bank of Canada Research Analyst Coverage

Royal Bank of Canada Research Analyst Coverage Table
Analyst Company
Ebrahim Poonawala Bank of America Securities
John Aiken Barclays
Sohrab Movahedi BMO Capital Markets
Paul Holden CIBC Capital Markets
Joo Ho Kim Credit Suisse
Lemar Persaud Cormark Securities
Doug Young Desjardins Securities
Gabriel Dechaine National Bank of Canada Financial Markets
Meny Grauman Scotia Capital Inc.
Mike Rizvanovic Keefe, Bruyette & Woods
Mario Mendonca TD Securities
Nigel D’Souza Veritas Corporation

Preferred Share Information

Preferred Share Info Table
Series Stock Exchange Current Dividend per Share1 Ticker Symbol
(View Quote)
Prospectus Supplement Base Document CUSIP#
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 $0.20 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 $0.1875 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 C-2 NYSE USD $16.8752 RY.PR.T (External site opens in new window)   View (PDF opens in new window) 78013G303
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
Series BT N/A 4.20%3 N/A View (PDF opens in new window) View (PDF opens in new window) 780086UF9
As and when declared
Equivalent to USD $0.421875 per related depositary share
Represents the per annum dividend rate (payable semi-annually in CAD in February and August)

Royal Bank of Canada Declares Dividends

August 24, 2023

Royal Bank of Canada announced today that its board of directors has declared an increase to its quarterly common share dividend of three cents or two per cent, to $1.35 per share, payable on and after November 24, 2023, to common shareholders of record at the close of business on October 26, 2023.

Read the latest RBC Dividend Press Release

Royal Bank of Canada

REDEMPTION OF US $ NON-CUMULATIVE FIRST PREFERRED SHARES
SERIES C-2
TAX QUESTIONS AND ANSWERS