Royal Bank of Canada (RY) To Go Ex-Dividend on July 27th

Royal Bank of Canada (TSE:RY) (NYSE:RY) declared a quarterly dividend on Monday, July 27th, TickerTech Dividends reports. Investors of record on Monday, August 24th will be given a dividend of 1.76 per share by the financial services provider on Monday, August 24th. This represents a c) annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend is Monday, July 27th. This is a 7.3% increase from Royal Bank of Canada’s previous quarterly dividend of $1.64.

Royal Bank of Canada Stock Performance

Shares of RY opened at C$295.01 on Friday. The company has a 50-day simple moving average of C$281.85 and a 200-day simple moving average of C$250.30. Royal Bank of Canada has a 52 week low of C$175.50 and a 52 week high of C$306.38. The firm has a market capitalization of C$409.96 billion, a P/E ratio of 19.18, a P/E/G ratio of 3.42 and a beta of 1.05.

Royal Bank of Canada (TSE:RY) (NYSE:RY) last released its earnings results on Thursday, May 28th. The financial services provider reported C$3.90 earnings per share for the quarter. Royal Bank of Canada had a return on equity of 15.95% and a net margin of 18.40%.The business had revenue of C$17.45 billion for the quarter. As a group, equities analysts forecast that Royal Bank of Canada will post 12.3454675 earnings per share for the current year.

Insider Buying and Selling

In other news, insider Bruce Washington Ross sold 3,657 shares of the stock in a transaction that occurred on Wednesday, July 22nd. The stock was sold at an average price of C$297.19, for a total value of C$1,086,823.83. Following the completion of the transaction, the insider directly owned 235 shares of the company’s stock, valued at approximately C$69,839.65. This represents a 93.96% decrease in their position. Also, insider Katherine Gibson sold 462 shares of the firm’s stock in a transaction that occurred on Wednesday, July 22nd. The stock was sold at an average price of C$297.19, for a total value of C$137,301.78. Following the transaction, the insider owned 290 shares of the company’s stock, valued at C$86,185.10. This trade represents a 61.44% decrease in their position. In the last 90 days, insiders sold 353,206 shares of company stock worth $100,237,874.

About Royal Bank of Canada

Royal Bank of Canada is a global financial institution with a purpose-driven, principles-led approach to delivering leading performance. Our success comes from the 101,000+ employees who leverage their imaginations and insights to bring our vision, values and strategy to life so we can help our clients thrive and communities prosper. As Canada’s biggest bank and one of the largest in the world, based on market capitalization, we have a diversified business model with a focus on innovation and providing exceptional experiences to our more than 19 million clients in Canada, the U.S.