Royal Bank of Canada Boosts Dividend by 7.3% Amid Analyst Optimism

Royal Bank of Canada (TSE:RY) has declared a quarterly dividend of $1.76 per share, representing a 7.3% increase from its previous quarterly dividend of $1.64.

The dividend will be paid on Monday, August 24th to shareholders of record as of the same date.

This announcement follows a positive sentiment surrounding Royal Bank of Canada, with analysts recommending a 'Moderate Buy' rating and the share price crossing above its 200-day moving average.