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RBC Capital (NYSE:RY) declared a dividend on Thursday, December 5th, American Banking and Market News reports. Investors of record on Monday, January 27th will be given a dividend of 0.6277 per share on Monday, February 24th. The ex-dividend date of this dividend is Thursday, January 23rd.

RY has been the subject of a number of recent research reports. Analysts at National Bank Financial upgraded shares of RBC Capital from a “sector perform” rating to an “outperform” rating in a research note to investors on Monday, December 9th. They now have a $75.00 price target on the stock, up previously from $73.00. On the ratings front, analysts at CIBC reiterated a “sector outperform” rating on shares of RBC Capital in a research note to investors on Friday, December 6th. Finally, analysts at TD Securities upgraded shares of RBC Capital from a “hold” rating to a “buy” rating in a research note to investors on Friday, December 6th. They noted that the move was a valuation call. Seven analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. RBC Capital currently has an average rating of “Hold” and an average target price of $70.40.

Shares of RBC Capital (NYSE:RY) opened at 65.29 on Friday. RBC Capital has a one year low of $55.49 and a one year high of $68.89. The stock has a 50-day moving average of $65.70 and a 200-day moving average of $64.33. The company has a market cap of $94.025 billion and a P/E ratio of 11.49.

RBC Capital (NYSE:RY) last announced its earnings results on Thursday, December 5th. The company reported $1.40 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $1.40. The company had revenue of $7.97 billion for the quarter, compared to the consensus estimate of $7.51 billion. The company’s quarterly revenue was up 6.0% on a year-over-year basis. On average, analysts predict that RBC Capital will post $5.96 earnings per share for the current fiscal year.

Royal Bank of Canada (NYSE:RY) is a diversified financial services company.

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