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NEW YORK ( TheStreet) -- The ex-dividend date for Royal Bank of Canada (NYSE: RY) is Monday, October 24, 2011. Owners of shares as of market close today will be eligible for a dividend of 55 cents per share. At a price of $47.50 as of 9:30 a.m. ET, the dividend yield is 4.7%. The average volume for Royal Bank of Canada has been 1.2 million shares per day over the past 30 days. Royal Bank of Canada has a market cap of $66.9 billion and is part of the financial sector and banking industry. Shares are down 11.1% year to date as of the close of trading on Thursday. Royal Bank of Canada provides personal and commercial banking, wealth management services, insurance, corporate and investment banking, and transaction processing services under the RBC name worldwide. The company has a P/E ratio of 11.3, below the average banking industry P/E ratio of 15.9 and below the S&P 500 P/E ratio of 17.7.