Royal Bank raises dividend 7% as four banks lift payouts

RBC declared a quarterly dividend of $1.76 a share, up 12 cents, reporting second-quarter net income of $5.5 billion. Three other large Canadian banks raised in the same week.

Royal Bank of Canada declared a quarterly common share dividend of $1.76, an increase of 12 cents or 7%, reporting second-quarter results on 28 May.

The dividend is payable on or after 24 August 2026 to shareholders of record at the close of business on 27 July.

The bank reported net income of $5.5 billion for the quarter ended 30 April 2026, up $1,119 million or 25% on the same quarter a year earlier. Diluted earnings per share were $3.85, up 27%, with growth across each business segment.

RBC said the increase moves its dividend payout ratio toward the midpoint of its stated 40% to 50% range.

Others in the same week

Three more of Canada’s largest banks raised their quarterly payments reporting second-quarter results:

Bank of Nova Scotia — up four cents, to $1.14 a share, announced 27 May
National Bank of Canada — up eight cents, to $1.32 a share, announced 27 May and paid 1 August
Toronto-Dominion Bank — up four cents, to $1.12 a share

Canadian banks operate on a fiscal year ending 31 October, placing second-quarter results in late May. Dividend decisions are conventionally taken alongside quarterly earnings, and the group has historically raised once or twice a year rather than at every review.

Third-quarter results begin on 25 August with Bank of Nova Scotia, followed by Royal Bank of Canada on 27 August.

Event dated May 28, 2026. Primary document: Royal Bank of Canada — second quarter 2026 results.

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