Royal Bank of Canada Lifts Dividend With Jump in Quarterly Earnings

Royal Bank of Canada RY 1.15%increase; green up pointing triangle bumped up its dividend 6.5% after logging record net income in the final quarter of its fiscal year with higher earnings across most of its business segments.

The bank, the country’s largest by market value and one of the biggest in North America by assets, recorded fourth-quarter net income of 5.43 billion Canadian dollars ($3.89 billion), or C$3.76 a share, up from C$4.22 billion, or C$2.91, a year earlier.

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