Buy - Royal Bank Of Canada

My recent buying trend has been insurance and banking stocks. Oops, I did it again. The trend continues because I bought Royal Bank of Canada  (RY) stock. This purchase marks the 3rd Canadian bank stock I've added to my portfolio this year. Last week, I bought 25 Royal Bank of Canada shares at $57.65 a share, for a total of $1,448.20. This new holding increases my annual dividend income by $60.75 dollars. My other Canadian bank transactions this year were 50 shares of the Bank of Nova Scotia (BNS), and 30 shares of Toronto-Dominion Bank (TD).

Royal Bank of Canada Company Overview

Royal Bank of Canada is a diversified financial services company. The Company provides personal and commercial banking, wealth management services, insurance, investor services and capital markets products and services on a global basis. It operates in five segments: Personal & Commercial Banking, which operates comprises its personal and business banking operations, as well as its auto financing and retail investment businesses; Wealth Management, which comprises Canadian Wealth Management, United States and International Wealth Management and Global Asset Management (GAM); Insurance, which operates under two business lines: Canadian Insurance and International Insurance; Investor & Treasury Services, which is a provider of asset servicing, custody, payments and treasury services, and Capital Markets, which comprises two business lines: Corporate and Investment Banking and Global Markets. It operates in three geographic segments: Canada, United States and Other International. Source: schwab.com

Royal Bank of Canada Dividend History

  • Annual Dividend Yield of 4.22%
  • Annual Dividend Rate (IAD) $2.43
  • Payout Ratio (TTM) of 46.74%
  • Dividend Coverage Ratio (TTM) of 213.93%
  • 3 Year Dividend Growth Rate of 10.5%
  • 5 Year Dividend Growth Rate of 9.0%
  • 10 Year Dividend Growth Rate of 10.1%

Royal Bank of Canada Stock Valuation

  • S&P Capital IQ ranks RY 4-stars, with a fair value calculation of $49.90
  • Morningstar ranks RY 3-stars, with a fair value of $61.
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Full Disclosure: Long RY

I am not a certified financial planner.  I am a personal investor and blogger who writes about my personal investing ...

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