Market dataIncome framework read
Dividend CompanyTSXCanada

RY.TO

Royal Bank of Canada

FinancialsPlain dividendQuarterly

Market Snapshot

$288.41

+$1.61 (56.14%)

Toronto

Yield

2.44%

Rate $7.04

Next Payment

Next pay in 62 days

Ex-date 2026-07-27

52wk Position

99.70%

-0.12% below high

Updated just now

Income Intelligence Summary

Deterministic interpretation from Prospyr's income framework and available market data.

Framework readout
1

Income reliability

Derived from payout history

Quarterly income profile is visible

RY.TO has an income profile aligned with its dividend company role. Provider data shows 4 recent payout records.

2

DRIP defense

Editorial framework

Default DRIP test is not defended

RY.TO does not cover one full share per payment at the default 100-share test. Coverage is 0.61.

3

Main watch item

Editorial framework

DRIP coverage is the weak point

RY.TO is below the defended default DRIP zone. The practical watch item is share count versus current price, not just stated yield.

Decision Area

Distribution and DRIP Defense

Payout history, default DRIP coverage, and price creep pressure using market data where available.

Distribution Chart

Last 12 payments

Confirmed Expected

Coverage Ratio Test

DRIP defense check

Failed
Cash
$176.00
APR
0.610
Coverage
0.610

Rung failed. Restore immediately or rebalance the holding.

Price Creep

Defended price ceiling

Max defended
$176.00
Cushion
-$112.41
Cushion %
-38.98%
Current $288.41Break $176.00

Smart Recommendation

RY.TO is not defended at these inputs; top up shares, lower TPR, or test alternatives.

Research Signals

Payout sustainability

Strong

1mo ago

DRIP availability

Available

1mo ago

Tax character

Eligible dividend

1mo ago

Distribution history

Multi-decade

1mo ago

Structure complexity

Simple

1mo ago

Income trend

Growing

1mo ago

Account suitability

Non-reg: eligible div

1mo ago

Structure Overview

Royal Bank of Canada (RY) is Canada's largest chartered bank by market capitalization, paying eligible dividends on a quarterly basis. RY has grown its dividend consistently across multiple economic cycles, supported by diversified revenue from personal banking, wealth management, capital markets, and insurance. The bank's scale and capital ratios support continued payout growth.

Canadian Planning Notes

  • 1Eligible dividends from RY qualify for the dividend tax credit in a non-registered account, improving effective after-tax yield relative to interest income.
  • 2DRIP is widely available through Canadian brokers; confirm whether your plan supports optional cash purchase (OCP) for additional shares.
  • 3RY is cross-listed on the NYSE; purchase on the TSX in CAD to avoid currency conversion fees unless you are managing a USD-denominated registered account.

Market Facts

Market Data

A factual market, distribution, valuation, and financial snapshot for this holding.

Market Data

Market data

Updated facts where available

Price

$288.41

Previous close

$286.80

Day range

$284.51 - $288.75

52wk range

$175.03 - $288.75

Market cap

400.8B

Volume

2.6M

Avg volume

3.6M

Exchange

Toronto

Dividend and distribution

Forward rate

$7.04

Trailing rate

$6.36

Forward yield

2.44%

Trailing yield

2.22%

Per payment

$1.76

Cadence

Quarterly

Next ex-date

Jul 27, 2026

Next pay

Aug 24, 2026

Last dividend

$1.64

Last dividend date

Apr 23, 2026

Performance

Daily change

$1.61

Daily change %

56.14%

52wk position

99.70%

Below 52wk high

-0.12%

Above 52wk low

64.78%

Open

$285.60

Earnings and financials

Trailing EPS

15.37

Forward EPS

17.59

Revenue

65.7B

Revenue growth

16.10%

Profit margin

33.69%

Operating margin

45.29%

Payout ratio

N/A

Free cash flow

N/A

Total cash

794.2B

ROE

16.20%

ROA

0.96%

Debt/equity

N/A

Beta

0.94

Valuation

Trailing P/E

18.76

Forward P/E

16.4

Price/sales

6.1

Price/book

3.09

Enterprise value

100.9B

EV/EBITDA

N/A

Analyst facts

Target mean

$271.89

Target high

$305.00

Target low

$235.00

Recommendation mean

2

Recommendation key

buy

Analysts

14

Canadian Context

Account placement

Non-registered

Eligible Canadian dividends qualify for the dividend tax credit, which can improve after-tax income in taxable accounts.

TFSA: Tax-free growth and withdrawals.

RRSP: Tax-deferred growth, with withdrawals taxed as regular income.

Eligible dividend tax credit

Total credit
$345.27
Effective rate
34.53%

Broker DRIP status

Questrade

Available

Wealthsimple

Available

RBC Direct Investing

Available

TD Direct Investing

Available

Run Your Numbers

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This profile is informational only and does not constitute licensed financial advice. Signal values, planning notes, market data, and structure summaries may not reflect the most current issuer disclosures. Always verify current payout policy, ex-dividend dates, financial statements, and issuer communications before making any investment decision.