Royal Bank of Canada: Dividend Insights
Portfolio Pulse from Benzinga Insights
Royal Bank of Canada (NYSE:RY) announced a quarterly dividend of $1.38 per share, with the ex-dividend date set for Wednesday. Shareholders owning RY stock by the end of Tuesday's session will be eligible for the dividend, which will be paid on February 23, 2024. The stock is expected to open $1.38 lower on the ex-dividend date to reflect the payout.
January 19, 2024 | 2:45 pm
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Royal Bank of Canada (RY) will pay a $1.38 quarterly dividend with the ex-dividend date approaching. The stock price is expected to open lower by the dividend amount on the ex-dividend date.
The stock price of Royal Bank of Canada is likely to decrease in the short term by the amount of the dividend on the ex-dividend date, as the market adjusts for the payout. This is a common occurrence when stocks go ex-dividend and is typically reflected in the stock's opening price on that date.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100