RBC Capital (RY) Plans Quarterly Dividend of $0.69
RBC Capital (NYSE:RY) declared a quarterly dividend on Friday, August 22nd, AnalystRatingsNetwork reports. Stockholders of record on Monday, October 27th will be given a dividend of 0.6889 per share on Monday, November 24th. This represents a $2.76 dividend on an annualized basis and a yield of 3.73%. The ex-dividend date of this dividend is Thursday, October 23rd.
Several analysts have recently commented on the stock. Analysts at Barclays reiterated an “equal weight” rating on shares of RBC Capital in a research note on Tuesday. They now have a $82.00 price target on the stock, up previously from $79.00. Analysts at CIBC downgraded shares of RBC Capital from an “outperform” rating to a “sector perform” rating in a research note on Friday, May 30th. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $74.17.
RBC Capital (NYSE:RY) traded down 1.11% on Friday, hitting $73.82. 625,791 shares of the company’s stock traded hands. RBC Capital has a 52-week low of $60.76 and a 52-week high of $74.82. The stock has a 50-day moving average of $73.4 and a 200-day moving average of $68.37. The company has a market cap of $106.3 billion and a price-to-earnings ratio of 14.11.
RBC Capital (NYSE:RY) last posted its quarterly earnings results on Friday, August 22nd. The company reported $1.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.56 by $0.06. The company had revenue of $8.98 billion for the quarter, compared to the consensus estimate of $8.21 billion. During the same quarter in the previous year, the company posted $1.46 earnings per share. The company’s revenue for the quarter was up 25.2% on a year-over-year basis. Analysts expect that RBC Capital will post $6.04 EPS for the current fiscal year.
Royal Bank of Canada is a Canada-based banking company. The Company is a diversified financial services company, and provides personal and commercial banking, wealth management services, insurance, investor services and capital markets products and services on a global basis.
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