At the beginning of the month, Royal Bank decided to increase it's dividends. Canada's largest bank hiked it's quarterly distributions to 57 cents a share which is a 6% increase. This is great because I plan to hold my position in the company for the foreseeable future. Hopefully Royal Bank (along with all my other positions) continue to increase dividend for years to come. Too bad CIBC didn't follow suit this quarter...
-the Paperboy
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