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Dividend Dates for 2024

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:
BD, BF, BH, BI and BO
  • January 25
  • April 25
  • July 25
  • October 24
  • February 23
  • May 24
  • August 23
  • November 22
Preferred shares series:
BT
  • February 16
  • August 16
  • February 23
  • August 23
Preferred shares series:
BU
  • August 16
  • August 23
Preferred shares series:
BW
  • November 15
  • November 22

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.

For the May 24, 2024 dividend and for future dividends declared until further notice, the bank has decided to purchase common shares in the secondary market with no discount from the average market price (as defined in the Plan).

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

December 4, 2024

Royal Bank of Canada (RY on TSX and NYSE) announced today that its board of directors has declared an increase to its quarterly common share dividend of six cents, or four per cent, to $1.48 per share, payable on and after February 24, 2025, to common shareholders of record at the close of business on January 27, 2025.

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
Brian Morton Barclays
Sohrab Movahedi BMO Capital Markets
Matthew Lee Canaccord Genuity
Paul Holden CIBC Capital Markets
Lemar Persaud Cormark Securities
Doug Young Desjardins Securities
John Aiken Jefferies
Gabriel Dechaine National Bank of Canada Financial Markets
Meny Grauman Scotia Capital Inc.
Mario Mendonca TD Securities
Jill Shea UBS

Preferred Share Information

Preferred Share Info Table
Series Stock Exchange Current Dividend per Share1 Ticker Symbol
(View Quote)
Prospectus Supplement Base Document CUSIP#
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 BO TSX CAD $0.3678125 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
Series BU N/A CAD $43.12876712 N/A View (PDF opens in new window) View (PDF opens in new window) 780086X66
Series BW N/A CAD $22.57134247 N/A View (PDF opens in new window) View (PDF opens in new window) 7800866S8
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

December 4, 2024

Royal Bank of Canada (RY on TSX and NYSE) announced today that its board of directors has declared an increase to its quarterly common share dividend of six cents, or four per cent, to $1.48 per share, payable on and after February 24, 2025, to common shareholders of record at the close of business on January 27, 2025.

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