Insider Buying: Royal Bank of Canada (RY) Director Acquires 1,000 Shares of Stock
Royal Bank of Canada (TSE:RY) (NYSE:RY) Director Jeffery William Yabuki purchased 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 5th. The stock was purchased at an average price of C$79.63 per share, with a total value of C$79,630.00.
Shares of Royal Bank of Canada (TSE RY) traded up C$0.69 during trading on Thursday, hitting C$101.99. 1,711,574 shares of the stock were exchanged, compared to its average volume of 2,606,749. Royal Bank of Canada has a fifty-two week low of C$88.33 and a fifty-two week high of C$102.15.
The firm also recently announced a quarterly dividend, which will be paid on Friday, February 23rd. Stockholders of record on Thursday, January 25th will be issued a $0.91 dividend. The ex-dividend date of this dividend is Wednesday, January 24th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 3.57%. Royal Bank of Canada’s payout ratio is 47.54%.
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Royal Bank of Canada Company Profile
Royal Bank of Canada, together with its subsidiaries, operates as a diversified financial service company worldwide. The company operates through five segments: Personal & Commercial Banking, Wealth Management, Insurance, Investor & Treasury Services, and Capital Markets. The Personal & Commercial Banking segment engages in the personal and business banking operations, auto financing, and retail investment businesses.
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