Royal Bank raises dividend on Q3 profits

0

The Canadian Editorial writers Posted: Aug 24, 2016 8:44 AM ET Last Updated: Aug 24, 2016 8:44 AM ET

Mortgage Rates 20160106

Royal Bank has hiked its dividend to 83 cents per ordinary share. (Jeff McIntosh/Canadian Press)

Royal Bank of Canada had $2.895 billion of net proceeds in its third quarter, up 17 per cent from a year ago — in rt because of the on offer of an insurance business.

The bank had a profit of $2.475 billion during the uniform quarter last year.

The earnings amounted to $1.88 per share, up from $1.66 during the exact same quarter in 2015.

Excluding an after-tax gain of $235 million from the trafficking of RBC General Insurance, RBC’s net income would have been $2.66 billion, or $1.72 per appropriate, up seven per cent from a year ago.

RBC had total revenue of $10.26 billion during the place ended July 31, com red with $8.83 billion during the anyhow period last year.

The bank also announced it’s raising its trimonthly dividend by two cents to 83 cents per share.

«); gigya.socialize.getProviderShareCounts({ callback:window.printSocialCounts, frame of reference: container }); }; window.onSendDone = function (event) { if(in any case.providers) { var providers = event.providers.split(«,»); for(i = 0; i

Leave a Reply

Your email address will not be published. Required fields are marked *

Этот сайт использует Akismet для борьбы со спамом. Узнайте как обрабатываются ваши данные комментариев.