(EN)
Dividend Dates for 2023
Subject to approval by the Board of Directors.
| Share Series | Record Dates | Payment Dates |
|---|---|---|
| Common shares and preferred shares series: AZ, BB, BD, BF, BH, BI and BO |
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| Preferred shares series: C·2 (US $) |
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| Preferred shares series: BT |
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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
Call 514-982-7888 or 1-866-586-7635
Fax 416-263-9394
- www.computershare.com/rbc
Historical Dividend Info
Common Shares Dividend HistoryCommon 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.
| 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 ReleaseRoyal Bank of Canada Research Analyst Coverage
| 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
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 ReleaseRoyal Bank of Canada
REDEMPTION OF US $ NON-CUMULATIVE FIRST PREFERRED SHARES
SERIES C-2
TAX QUESTIONS AND ANSWERS