Royal Bank Of Canada Stock To Go Ex-dividend Monday (RY)

NEW YORK ( TheStreet) -- The ex-dividend date for Royal Bank of Canada (NYSE: RY) is Monday, April 23, 2012. Owners of shares as of market close today will be eligible for a dividend of 58 cents per share. At a price of $57.83 as of 9:30 a.m. ET, the dividend yield is 4%.

The average volume for Royal Bank of Canada has been 855,100 shares per day over the past 30 days. Royal Bank of Canada has a market cap of $81.65 billion and is part of the financial sector and banking industry. Shares are up 13% 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 13.2, below the average banking industry P/E ratio of 18.1 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Royal Bank of Canada as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity and good cash flow from operations. However, as a counter to these strengths, we find that the stock has had a generally disappointing performance in the past year. You can view the full Royal Bank of Canada Ratings Report.

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