Royal Bank of Canada dividend history and coverage
Fiscal 2016–2025 dividends per share, payout of earnings and cash flow, and any decreases, read from Royal Bank of Canada's own SEC filings. Data built 2026-11-01.
Dividend history
- Dividends per share (fiscal year)
- Year with a decrease
- Earnings per share (diluted)
Yield at today's price
The numbers, with their filings
| Fiscal year | Dividends/share | EPS (diluted) | Payout of EPS | FCF/share | Filing |
|---|---|---|---|---|---|
| FY2025 | 6.040 | 14.07 | 43% | n/a | annual report |
| FY2024 | 5.600 | 11.25 | 50% | n/a | annual report |
| FY2023 | 5.340 | 10.32 | 52% | n/a | annual report |
| FY2022 | 4.960 | 11.06 | 45% | n/a | annual report |
| FY2021 | 4.320 | 11.06 | 39% | n/a | annual report |
| FY2020 | 4.290 | 7.82 | 55% | n/a | annual report |
| FY2019 | 4.070 | 8.75 | 47% | n/a | annual report |
| FY2018 | 3.770 | 8.36 | 45% | n/a | annual report |
| FY2017 | 3.480 | 7.56 | 46% | n/a | annual report |
| FY2016 | 3.240 | — | — | n/a | annual report |
Dividends per share: as declared per common share in the company's annual reports. Free cash flow isn't meaningful for banks and insurers, so it isn't shown. All Royal Bank of Canada filings on EDGAR ↗
Data note. Dividends per share are as declared in RBC's annual reports (RBC does not tag a per-share dividend in its XBRL data). Fiscal year ends October 31.
What $1,000 of Royal dividends is worth after tax
Canadian resident (2026 estimate)
| Account | You keep | Why |
|---|---|---|
| Non-registered | $936 | Eligible-dividend gross-up and credits (assumes the dividend is designated eligible, as large Canadian public companies' dividends usually are; check your T5) |
| TFSA | $1,000 | Tax-free |
| RRSP / RRIF | $1,000 | No tax now; withdrawals are taxed later as ordinary income |
US taxpayer (2026 estimate)
Example: married filing jointly, $120,000 of other taxable income, 22% ordinary bracket.
| Account | You keep |
|---|---|
| Taxable brokerage | $850 |
| Roth IRA | $1,000 |
| Traditional IRA / 401(k) | $1,000* |
* Nothing is taxed when the dividend is paid; withdrawals are taxed later as ordinary income.
Assumes qualified-dividend treatment (holding period met). Canadian dividends paid to US residents generally have 15% Canadian tax withheld under the treaty, creditable on a US return; not modelled here. Use your own numbers.
Frequently asked questions
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