Royal Bank of Canada · RY · NYSE
Dividend report · updated Nov 10, 2026
$202.42 -0.86% on the day, -$1.75
RY stock page: price, charts & signals →
UnlockDividend Safety Rating: paid plans onlyDividend Safety Rating: paid plans only Is RY’s dividend Very Safe or High Risk? 8 checks scored. Payout ratio, raise streak, recession record and 5 more. Show the rating
Yearly payout / yield
$5.03·2.48%
$1.257 quarterly x 4 ⓘ
Next payment
~$1.257/qtr
pays ~Jan 29, 2027 (est.) ⓘ
Next ex-date
Jan 25, 2027est.
own by Jan 22, 2027 ⓘ
Years without a cut
28+ yrs
10 yrs of raises ⓘ
Recession record
2000raised2008held2020held2022held
no cut through all four
Yield vs history ⓘ
27
Below its usual yield
RY share price & total return
Daily closing price, adjusted for stock splits.
RY stock page »All dividend lists »Build a portfolio around RY »
DSRSimilar stocksHistoryPayoutsFAQ
Last 20 payments
RY Dividend Growth (CAGR)
1Y +14.3%3Y +8.5%5Y +7.5%10Y +7.0%
Per-share amount, by the date it paid (~ = about, from its usual pay gap). The enlarge button shows all 120 payments since 1996.
Annual dividends and growth
Total paid per share in each calendar year. Years with an extra or a missing payment (dates sliding across New Year) are compared per payment.
Next 5 years if the pace holds
If the recent pace holds — one-off jumps left out. Not a forecast. Pace: +6.86% a year, its typical raise over the last 5 years. From 2029 it slows by a quarter each year, to no less than 5%. Today's $5.03 a year would be $6.66 by 2031 - 3.29% on today's $202.42 price.

How Many RY Shares for $500 or $1,000 a Month?

At $5.03 a share a year, $500 a month takes about 1,194 RY shares, about $241,689 at the Nov 10, 2026 close of $202.42. $1,000 a month takes about 2,387 shares, about $483,177. Before taxes, and only while the rate holds.

Royal Bank of Canada (RY) pays $1.257 a share quarterly, $5.03 a year, a 2.48% run-rate yield at the Nov 10, 2026 close of $202.42. It has paid since 1996 and raised its annual dividend 10 years in a row.

At today’s rate of $1.257 quarterly and the last close of $202.42, this is what RY pays before taxes, if the rate stays where it is:

You holdEach paymentPer month (avg)Per year
1 share$1.257$0.42$5.03
100 shares$125.70$41.90$502.80
$10,000 invested (49.4 shares)$62.10$20.70$248.39
1,194 shares ($500/mo)$1,500.86$500.29$6,003.43
2,387 shares ($1,000/mo)$3,000.46$1,000.15$12,001.84

With DRIP on, every payment buys more shares instead of landing as cash. 100 RY shares reinvest into 0.62 new shares each payment, about 2.5 new shares a year at today’s price and rate, and each new share collects the next payment too. To DRIP one whole new share every payment you need about 162 shares. Raises speed that up; a falling share price buys more shares per payment, but each is worth less. See the snowball over 10 to 30 years with RY’s own history in the RY DRIP calculator.

UnlockDividend Safety Rating: paid plans only
Dividend Safety Rating Not financial advice
See RY’s rating and its 8 factors.
See the rating & factors »
An algorithmic rating built from reported data, not a recommendation.
  • Coverage (EPS): are profits enough to pay the dividend rating
  • Coverage (FCF): is spare cash enough to pay the dividend rating
  • Dividend vs cash flow + debt: is the dividend paid with borrowed money report
  • Debt load: how much the balance sheet leans on borrowing rating
  • Debt interest coverage: can profits easily pay the interest bill rating
  • Liquidity: is there cash for debts due this year rating
  • Earnings direction: are sales and profits growing or shrinking report
  • Raise streak: how many years in a row it raised see details
  • Years without a cut: how long since the last dividend cut see details
  • Raise vs trend: are recent raises keeping their usual pace history
  • Yield vs history: is today’s yield high or low versus its past rating
  • Recession record: what the dividend did in past crashes history
  • Crash record: what the dividend did in the 2008 crash history

RY Dividend Yield Today vs Its 5-Year Range

27/100Below its usual yieldvs its 10-yr history
  • RY yields 2.48% today, at the Nov 10, 2026 close of $202.42.
  • Its own 10-year median is 3.75%, so today’s yield is below its usual level.
Last 5 years: lowest to highest month-end yield
2.32% low4.93% high
Blue mark = today, grey = its 10-year median. A higher yield than usual means a lower price against the payout.

Where today ranks in its own history is in the paid report

How it works. Each month-end over the last 10 years gives one yield: the regular payment then, times payments a year, over that day’s close. Specials are left out. 50 means today’s yield sits right at its usual level. A lower score means the yield is below its usual level, so the price is high against the payout. A higher score means the yield is above its usual level. On price alone a payer stays between 15 and 85. Steady raisers get a few points back. It reads the past, not the future.

When Is RY’s Next Dividend? Ex-Date and Pay Date After October 2026

RY has not declared its next dividend yet. By its usual rhythm of about 91 days between ex-dates, the next ex-date falls around Jan 25, 2027, with the cash around Jan 29, 2027. An estimate, not a promise: only the declaration makes it final. The latest one, $1.257 a share, went ex on Oct 26, 2026 and paid Oct 28, 2026.

  • Ex-dates: about every 91 days (quarterly)
  • Payment: usually about 4 days after the ex-date
  • Next earnings report: Dec 3, 2026

Every payer going ex-dividend this week is on the dividend calendar.

How Often Does RY Pay?

RY pays quarterly, 4 times a year. Recent payments arrived in Feb, Apr, Jul and Oct, with ex-dates in Jan, Apr, Jul and Oct. The ex-date comes about every 91 days, and the cash usually lands about 4 days later.

Paid in the last 12 months
$6.00 a share, in 5 payments.
+86.0% against the 12 months before ($3.23 in 3 payments).
Cash that landed, by pay date. The yield up top uses today’s rate instead, so a raise or a cut shows there first.
Payout months
JanFebMarAprMayJunJulAugSepOctNovDec
Pays in Feb, Apr, Jul and Oct. Ex-dates fall in Jan, Apr, Jul and Oct (latest 4 payments).
Raise history
  • Streak: 10 years of higher annual totals (through 2025)
  • Last raise: Jul 22, 2005 - $0.275 to $0.305 (+$0.03, +10.91%)
  • Usual $ step: $0.015 (median of the raises before it)
Coverage
  • EPS payout: 41.8% - $4.80 paid / $11.49 EPS (4 quarters to Jul 31, 2026); own 4-yr norm 50.0% (median of 12 earlier trailing years)
Deposits, loans and policy float run through operating cash flow here, so it does not measure dividend coverage.

RY vs Similar Dividend Stocks (C, ALIZY...)

Against the 10 dividend-paying Financial Services companies closest to RY in market value, RY’s 2.48% run-rate yield is above the group’s middle yield of 2.24%, and its raise streak of 10 years is the 2nd longest. A higher yield than the group is not a bonus by itself: it is often the market pricing in a cut, so read it next to the rating and the coverage behind it.

Ticker Dividend ⓘ Yield Safety Rating Recessions ⓘ No cut ⓘ
RY $202.42Royal Bank of Canada $1.257/qtr$5.03/yr fwd 2.48% Dividend Safety Rating: paid plans only No cut in all 42000 raised2008 held2020 held2022 held 28+ yrsraised 10 yrs in a row
C $122.28Citigroup $0.67/qtr$2.68/yr fwd 2.19% Dividend Safety Rating: paid plans only Stopped in 20092000 raised2008 stopped2020 held2022 raised 15 yrsraised 3 yrs in a row
ALIZY $50.88Allianz SE $1.956/yr 3.84% Dividend Safety Rating: paid plans only — 2 yrsraised 2 yrs in a row
CMWAY $116.75Commonwealth Bank of Australia $1.907/half-yr$3.81/yr fwd 3.27% Dividend Safety Rating: paid plans only — 5 yrsraised 5 yrs in a row
BLK $1,222.31BlackRock $5.73/qtr$22.92/yr fwd 1.88% Dividend Safety Rating: paid plans only Raised in all 32008 raised2020 raised2022 raisedno 2000 record 21+ yrsraised 16 yrs in a row
AXP $323.46American Express $0.95/qtr$3.80/yr fwd 1.17% Dividend Safety Rating: paid plans only No cut in all 42000 raised2008 raised2020 held2022 raised 48+ yrsraised 1 yr in a row
SAN $12.56Banco Santander, S.A. $0.144/half-yr$0.29/yr fwd 2.29% Dividend Safety Rating: paid plans only Varied, no cut2000 varied2008 varied2022 raisedno 2020 record 5+ yrsraised 4 yrs in a row
CIHKY $34.65China Merchants Bank Co. $0.74/yr 2.14% Dividend Safety Rating: paid plans only — 14+ yrsraised 2 yrs in a row
SCHW $93.03Charles Schwab $0.32/qtr$1.28/yr fwd 1.38% Dividend Safety Rating: paid plans only No cut in all 42000 raised2008 raised2020 held2022 raised 36+ yrsraised 1 yr in a row
DBSDY $220.25DBS Group Holdings $2.526/qtr$10.10/yr fwd 4.59% Dividend Safety Rating: paid plans only — 5 yrsraised 5 yrs in a row
MUFG $21.65Mitsubishi UFJ Financial Group $0.356/half-yr$0.71/yr fwd 3.29% Dividend Safety Rating: paid plans only — 4+ yrsraised 3 yrs in a row

Yield and the safety rating are only half of it. See total returns with dividends reinvested, side by side: RY vs C, RY vs ALIZY, RY vs CMWAY.

RY Dividend History: Every Payment Since 1996

Ex-datePay dateAmountFrequencyType
Oct 26, 2026Oct 28, 2026$1.257QuarterlyRegular
Jul 27, 2026Jul 29, 2026$1.249QuarterlyRegular
Apr 23, 2026Apr 27, 2026$1.20QuarterlyRegular
Jan 26, 2026Feb 24, 2026$1.1988QuarterlyRegular
Oct 27, 2025Nov 24, 2025$1.1002QuarterlyRegular
Jul 24, 2025Jul 28, 2025$1.132QuarterlyRegular
Apr 24, 2025Apr 28, 2025$1.066QuarterlyRegular
Jan 27, 2025Jan 29, 2025$1.0312QuarterlyRegular
Oct 24, 2024Oct 28, 2024$1.0271QuarterlyRegular
Jul 25, 2024Jul 29, 2024$1.033QuarterlyRegular
The other 110 RY payments come with a paid plan.
Show all 120 payments »
Newest first. Amounts are per share as paid, restated for splits; frequency is the schedule on file for that payment; a payment over 2.5x its neighbours is marked special.
From reported payments, prices and filings — data, not investment advice.

What the Dividend Safety Rating Means for RY

UnlockDividend Safety Rating: paid plans only
See where RY lands, and why.
See the rating & factors »
Own RY? Your payouts fill in by themselves Add RY once, with your buy date and share count. Every dividend since fills in, dated and in dollars, and with DRIP on each new share is counted for you.
Track RY →

RY Dividend Questions

How often does RY pay dividends?

RY pays quarterly, 4 times a year. Recent payments arrived in Feb, Apr, Jul and Oct, with ex-dates in Jan, Apr, Jul and Oct. The ex-date comes about every 91 days, and the cash usually lands about 4 days later.

Does RY pay dividends monthly?

No. RY pays quarterly, 4 times a year. For payers that pay every month, see the monthly dividend stocks.

When is the next RY dividend?

RY has not declared its next dividend yet. By its usual rhythm of about 91 days between ex-dates, the next ex-date falls around Jan 25, 2027, with the cash around Jan 29, 2027. An estimate, not a promise: only the declaration makes it final. The latest one, $1.257 a share, went ex on Oct 26, 2026 and paid Oct 28, 2026. The current rate is $1.257 per share, $5.03 a year.

Does RY pay a dividend in January 2027?

Not declared yet. By its usual rhythm the next ex-date falls around Jan 25, 2027, with the cash around Jan 29, 2027, so a payment in January 2027 is likely. Only the company’s declaration makes it final.

How much does RY pay per share?

RY pays $1.257 a share quarterly, $5.03 a year. At the Nov 10, 2026 close of $202.42 that is a 2.48% run-rate yield, below its usual level: its own 10-year median is 3.75%.

Has RY raised its dividend?

Yes. RY has raised its annual dividend 10 years in a row, through 2025. The latest raise, on Jul 22, 2005, took the rate from $0.275 to $0.305 (+10.91%). Over five years the dividend grew 7.5% a year.

Is RY’s dividend safe?

No rating can promise a future payment, but the record on file says a lot. RY paid out 42% of its earnings as dividends over the 4 quarters to Jul 31, 2026. It has raised its dividend 10 years in a row and gone 28+ years without a cut. Through the market crashes: it raised the dividend through the 2000 crash; it held it through 2008, 2020 and 2022. This is data, not investment advice. The full 8-check rating comes with a plan.

How do I track my RY dividends?

Add RY to a free DRIPCalc portfolio once, with your buy date and share count. Every payout since fills in, dated and in dollars; with DRIP on, the new shares each payment buys are counted for you, so there is no spreadsheet to update and no broker login. To project the snowball, run RY in the DRIP calculator.

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How this page is built: the rate is the latest regular dividend per share; run-rate yield = rate × payments per year ÷ last close (Nov 10, 2026), never a trailing 12-month total, which lags after a raise and hides a cut. Specials and one-off payments never count in the rate; a payer whose regular payments differ in size is annualized over its last full cycle of regular payments. Raise streak = consecutive calendar years with a higher amount per payment than the year before; years without a cut = years in which the amount per payment held within 1%. The Dividend Safety Rating reads 8 visible lines: coverage, streak, raise pace and yield range for dividend stocks; NAV trend, NAV funding and payout stability for income funds. Similar payers = the same sector or fund group, nearest in market value or fund size. Payments, prices and filings come from DRIPCALC’s price and dividend database. History is not a forecast. This is data, not investment advice.