Tuesday Is Your Last Chance To Buy Royal Bank of Canada Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
Royal Bank of Canada (NYSE:RY) has announced a quarterly dividend of $1.35 per share. The stock will go ex-dividend on Wednesday, meaning it will trade lower to reflect the payout. Shareholders must own the stock prior to the ex-dividend date to be eligible for the dividend. The dividend will be paid out on November 24, 2023.
October 20, 2023 | 2:45 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Royal Bank of Canada's stock is expected to trade lower on Wednesday due to the ex-dividend date. The dividend payout may attract more investors, potentially increasing the stock's demand.
The announcement of a dividend payout usually attracts more investors, potentially increasing the demand for the stock. However, the stock is expected to trade lower on the ex-dividend date as the price adjusts to reflect the payout. The net effect on the stock price in the short term is uncertain, hence the neutral score.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100