Royal Bank Of Canada Increases Quarterly Common Share Dividend By 3%
Portfolio Pulse from Benzinga Newsdesk
Royal Bank of Canada (RY) has announced a 3% increase in its quarterly common share dividend, raising it by four cents to C$1.42 per share. The dividend is payable on August 23, 2024, to shareholders of record as of July 25, 2024.
May 30, 2024 | 10:11 am
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POSITIVE IMPACT
Royal Bank of Canada (RY) has increased its quarterly common share dividend by 3%, raising it to C$1.42 per share. This move is likely to attract income-focused investors and could positively impact the stock price in the short term.
The increase in the dividend is a positive signal to the market, indicating the company's strong financial health and commitment to returning value to shareholders. This is likely to attract income-focused investors, potentially driving up the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100