Elevate your local knowledge

Sign up for the iNFOnews newsletter today!

Select Region

Selecting your primary region ensures you get the stories that matter to you first.

Royal Bank first-quarter net income rises to $2.09 billion, dividend going up

CP27371908
A Royal Bank of Canada sign is pictured in downtown Toronto on Dec. 2, 2011. THE CANADIAN PRESS/Nathan Denette

TORONTO – Royal Bank of Canada (TSX:RY) says its first-quarter net income was $2.09 billion, up $45 million or two per cent from a year earlier.

The bank also announced its quarterly dividend will increase by six per cent to 71 cents per common share.

Royal is the third of Canada’s big banks to report improved net income for the three months ended Jan. 31.

In RBC’s case, it earned $1.38 per common share under standard accounting, up four cents from $1.34 per share a year earlier.

Excluding some items, RBC’s adjusted diluted earnings per share was $1.47, which was above the general analyst estimate.

News from © The Canadian Press, . All rights reserved.
This material may not be published, broadcast, rewritten or redistributed.

Join the Conversation!

Want to share your thoughts, add context, or connect with others in your community?

Create a free account

The Canadian Press

The Canadian Press is Canada's trusted news source and leader in providing real-time, bilingual multimedia stories across print, broadcast and digital platforms.

Related Articles