This Dividend Stock Deserves ‘Royal’ Treatment

Core Viewpoint - Royal Bank of Canada (RY) is the largest bank in Canada, valued at $234 billion, and is recognized as a leading diversified financial services company in North America [1][4]. Group 1: Company Overview - RY provides a wide range of services including personal and commercial banking, wealth management, insurance, corporate and investment banking, and transaction processing on a global scale [1]. - The bank has a market capitalization of $234 billion, making it the largest in Canada [4]. Group 2: Stock Performance - RY has shown strong technical momentum, gaining 34% over the past year and achieving 17 new highs in the past month [5]. - The stock has increased by 13.36% since a "Buy" signal was issued on October 23 [2]. - RY recently traded at $166.73, with a 50-day moving average of $150.86 [6]. Group 3: Analyst Ratings and Projections - Consensus analyst ratings for RY are overwhelmingly positive, with multiple "Strong Buy" opinions and price targets reaching up to $269 [5]. - Revenue is projected to grow by 4.71% this year and 4.93% next year, while earnings are estimated to increase by 8.37% this year and 9.76% next year [7]. Group 4: Technical Indicators - RY has a Weighted Alpha of +46.13 and a Relative Strength Index (RSI) of 78.78, indicating strong momentum [6]. - The stock has a trailing price-earnings ratio of 16.1x and a dividend yield of 2.85% [7].