As per Royal Bank Of Canada (NYSE:RY)’s news release on 2016-05-26, its shareholders will get cash dividend of $0.81 per share. The recent press release updated on the record date and payout date, which stands at 2016-07-26 and 2016-08-24, respectively.
The stock of Royal Bank Of Canada (NYSE:RY) will commence trading ex-dividend from 2016-07-22, until which the shareholders are compelled to keep the holdings so as to qualify for the dividend. Evaluating the dividend distribution mode, it was noted that last year Royal Bank Of Canada (NYSE:RY) disbursed $2.403 in dividend compared to distribution of $2.609, a year ago. It highlights a sharp difference in cash payouts of the two years. This shows a major deviation of -5.6162%.
The past track record of five years substantiates that the average payout of Royal Bank Of Canada (NYSE:RY) stands at $2.381, implying 5.0603% growth. The company recorded earnings of $1.35 a share in the preceding fiscal.
The interim price target for Royal Bank Of Canada (NYSE:RY) is set at $62.736. This level is the mean price reached by averaging the stock views of 5 analysts. All these are top brokerages of Wall Street and trail the company’s performance regularly. The best price estimate is seen at $67.5 and the lowest level is established at 55.44. This broad range highlights a standard deviation of $4.461 in reported estimates.
AlphaOne has allotted A sentiment score of 0 to Royal Bank Of Canada (NYSE:RY) while impact score assigned is 80 as on as on 2016-06-12.
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