Royal Bank Update
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My Royal Bank stock had a good day yesterday. Most importantly, the company continues to perform well with profit up. It said that all units have been performing well.
The company also annouced a 2 for 1 stock split. This is the second announcement of a stock split for me in the past week. Their rationale is simply to make the stock more “attractive” to retail investors (you and me!) This will put me with around 200 shares of RY.
The company ALSO annouced their yearly dividend increase – from $2.56 per share to $2.88 per share per year. Another nice increase for me. My yearly investment income from all my dividend paying investment now moves up to $931.66 per year. I have seen a steady increase in this number since I really began tracking it.
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0xcc said:
I have owned RY since early 2004. 2005 and so far this year have been great for RY but 2004 wasn’t that great. Just this past December I added a little bit more to my RY holdings so that the quarterly divideds would actually buy a single share through a DRIP (I’m DRIP’ing through TDWaterhouse, not through the company so TDWaterhouse only buys whole shares). Now RY has done me one better, they have increased the dividend (meaning I would have been closer to buying a single share with the dividend) and they have split the stock (meaning that each stock is cheaper to buy).
March 9th, 2006 at 2:46 pm
