RBC reports Q2 profit up 25 per cent from year ago, raises dividend - BNN Bloomberg
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Article Excerpt
TORONTO — TORONTO — Royal Bank of Canada raised its quarterly dividend as it reported its second-quarter profit rose 25 per cent compared with a year earlier.
The bank said Thursday it will now pay a quarterly dividend of $1.76 per share, an increase from $1.64 per share.
The increased payment to shareholders came as RBC says it earned $5.51 billion or $3.85 per diluted share for the quarter ended April 30, up from a profit of $4.39 billion or $3.02 per diluted share a year earlier.
Revenue totalled $17.45 billion for the quarter, up from $15.67 billion in the same quarter last year, while …
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