Why Royal Bank (RY) is a Great Dividend Stock Right Now

Royal Bank in Focus Based in Toronto, Royal Bank (RY) is in the Finance sector, and so far this year, shares have seen a price change of 10.35%. Currently paying a dividend of $1.02 per share, the company has a dividend yield of 3.66%. In comparison, the Banks - Foreign industry's yield is 4.44%, while the S&P 500's yield is 1.56%. Taking a look at the company's dividend growth, its current annualized dividend of $4.08 is up 3% from last year. Royal Bank has increased its dividend 5 times on a year-over-yea ...