TSX RY – Canadian Dividend aristocrat
RY trades in the Toronto Stock Exchange (TSE). RY is a dividend artistocrat stock with 10 years consecutive dividend increases!. The list of Canadian ”Dividend Aristocrats” stocks is managed by the firm Standard and Poors. The index is titled the S&P Canadian Dividend Aristocrats. It requires a minimum of 5 years of successive dividend increases. For the full list of Canadian Dividend Aristocrats stocks, please follow the link here.
RY: Stock analysis
Strengths
+ Royal Bank of Canada holds a very strong balance sheet and is fundamentally sound;
+ Well-positioned to take advantage of an environment with rising interest rates;
+ 10 consecutive years of dividend increases.
Weaknesses
– Competition from both large banks and fintech companies.
TSX RY – Dividend profile
RY stock offers an attractive yield. The dividend is safe as the pay out ratio is low. The bank increased its dividends for 10 consecutive years which is a sign of a solid financial situation.
The dividend growth in the past five years was 7.91%. This is really good news for any investor. The continuous increase in dividends helps investor cope with the impact of inflation.
The Beta is a measure of volatility. RY’s Beta is less than 1 meaning the stock is less volatile than the overall market.
The Bank witnessed both growth in earnings and revenues in the past 5 years. So, the increase in dividend was supported by actual growth in the banks revenues.
TSX RY – Financial data
RY profile