Royal Bank of Canada (TSE:RY) to Increase Dividend to CA$1.35 - A Strong Income Stock with Growing Earnings

[{"selector":"#anim-c900160c-59ab-48ff-9098-20b3719541f2 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(31.246697667114464%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-c315638c-3a8b-47e2-ab9e-06fd71ba20ea","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-f30dbd73-73a8-4e76-94d7-2d9d65d9880b","keyframes":{"transform":["translate3d(0px, 598.37968%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Royal Bank of Canada (TSE:RY) will raise its dividend to CA$1.35, representing a 4.3% yield. Learn more

[{"selector":"#anim-2a27e498-3512-4610-94b9-1fc11c246ed7 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-34.21027613328132%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] [{"selector":"#anim-f5f34345-6e5c-4c48-808e-0cede09c73bd","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-bbd6322f-fb2b-47c2-bb51-12eec2438ec3","keyframes":{"transform":["translate3d(0px, 552.54635%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] The company's dividend payments are sustainable, with a payout ratio of 51% and estimated future ratio of 47%. Learn more

[{"selector":"#anim-4ccfaba6-37bb-40f5-9104-0ec972919c84 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(39.82474782301706%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-3add8b9e-3184-495d-b37a-279c63a12f65","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-0a61fe15-2e91-4bb1-b46d-3d218ce27981","keyframes":{"transform":["translate3d(0px, 575.46295%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Over the years, Royal Bank of Canada's dividend has grown steadily by 8.4% annually. Learn more

[{"selector":"#anim-bfe68873-12b2-4d65-baa4-5e0f2089551e [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-14.848615703657783%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] [{"selector":"#anim-2926bb1e-e1db-4832-a247-e20f96f78f47","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-42ea4fbc-9bec-4c03-a07d-d2eff7281fef","keyframes":{"transform":["translate3d(0px, 440.68116%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] With earnings per share growing at 5.2% per year, the company has the potential to continue its dividend growth. Learn more

[{"selector":"#anim-a423ea64-695f-4689-8870-a450b78597e2 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(35.03749990920813%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-829d26a1-6735-479e-b4bf-6e916d6da6db","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-43f74cd3-1f2a-4a6e-86b8-aca7982c66f1","keyframes":{"transform":["translate3d(0px, 615.04637%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] The consistent dividend policy and growing earnings make Royal Bank of Canada a strong income stock. Learn more

[{"selector":"#anim-b3e8607a-b8f9-42db-b28b-8d1f06639e8d [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-31.249999886225726%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] [{"selector":"#anim-cfdd5cc0-1c92-4ba9-8eda-e2e37906ae52","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-bd14c653-5290-49e1-adc7-0cef1bfec4b6","keyframes":{"transform":["translate3d(0px, 579.62969%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Investors can have confidence in the company's stability and potential for future dividend payments. Learn more

[{"selector":"#anim-c387aeac-90d2-473a-b91f-919196ad9383 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(31.249999886225726%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}] [{"selector":"#anim-788f5dd3-f96d-40b6-a71e-4888e952bc6f","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-a6e72552-2179-44e9-baa7-044a3b7d3db0","keyframes":{"transform":["translate3d(0px, 1015.35911%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Earnings growth bodes well for the company's future dividend value. Learn more

[{"selector":"#anim-fa450288-ff01-4639-8697-da92717e0268 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-31.249999886225726%, 0, 0) translate(-25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"fill":"forwards"}] [{"selector":"#anim-a1c53d11-e518-40fc-8362-687573aad71a","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-15285d00-0808-494c-9979-0665b2bbf845","keyframes":{"transform":["translate3d(0px, 690.04634%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Get insights from analysts on Royal Bank of Canada's growth with the free report on analyst estimates. Learn more