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

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

NEW YORK ( TheStreet) -- The ex-dividend date for Royal Bank Of Canada (NYSE: RY) is tomorrow, April 23, 2013. Owners of shares as of market close today will be eligible for a dividend of 62 cents per share. At a price of $59.70 as of 9:30 a.m. ET, the dividend yield is 4.1%.

The average volume for Royal Bank Of Canada has been 560,300 shares per day over the past 30 days. Royal Bank Of Canada has a market cap of $86.07 billion and is part of the financial sector and banking industry. Shares are down 0.8% year to date as of the close of trading on Friday.

Royal Bank of Canada provides personal and commercial banking, wealth management, insurance, investor and treasury, and capital markets services worldwide. The company has a P/E ratio of 11.6, below the S&P 500 P/E ratio of 17.7.

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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 growth in earnings per share. However, as a counter to these strengths, we find that we feel that the company's cash flow from its operations has been weak overall. You can view the full Royal Bank Of Canada Ratings Report.

See our dividend calendar or top-yielding stocks list.

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