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TSX RY

RY.TO Full review of Royal Bank dividend profile (TSX)

/ Best dividend stocks, Top US Dividend Stocks & ETF / By Wyze Investor

  • TSX RY – Canadian Dividend aristocrat
  • RY: Stock analysis
  • TSX RY – Dividend profile
  • TSX RY – Financial data
  • RY profile

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

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