Royal Bank of Canada (RY.TO) charts of stock illustrate not good results during one month. For instance, if we look at the chart the price starts from C$126.26 on June 21 and then for 17 days fluctuated between C$126.38 and C$125.53 from June 21 to July 8. Finally, after increasing to C$129.31 on July 15, the price decreased significantly to C$125.54 on July 19. The stock of Royal Bank of Canada will trade without dividend in 4 days. The date of ex-dividend is established one working day prior to the date of registration which is the cut-off date when you should be in the books of the company as a shareholder to obtain a dividend. The ex-dividend date is a significant date to remember since any purchase of shares made on or after that date can be a late calculation that is not displayed on the date of writing. You can buy stock of Royal Bank of Canada until July 23 to receive dividends that the company will pay on August 24.
The company’s next dividend payout will be C$1.08 per share. A total of C$4.32 was paid to shareholders last year. Based on last year’s payments, the sliding return on Royal Bank of Canada stock is about 3.4% at the current stock price of C$127.54. If you buy this business for dividends, you have to know whether Royal Bank of Canada dividends are credible and steady
Finance and Tech Contributor