Investor Relations - Fixed Income Presentation
History of delivering value to our shareholders
Total shareholder return (TSR) (1)
RBC
Peer Avg.
3 Year
11%
9%
5 Year
15%
11%
10 Year
14%
6%
Dividend
■ Current quarterly dividend: $0.71
Q2/2014 payout ratio of 48%, in line
with our target of 40-50%
Share buybacks
■ 2014 normal course issuer bid to
repurchase up to 30 million common
shares
Repurchased 1.4 million in shares in
Q2/2014
Annual dividend history*
($ per share)
■ RBC has increased its dividend 6 times since May 2011 (2)
CAGR 10%
$1.44
$1.18
2005
2006
$2.53
$2.28
$2.08
$2.00
$2.00
$2.00
$1.82
2007
2008
2009
2010
2011
2012
2013
* Dividends declared per common share.
Our goal is to maximize shareholder returns by achieving top quartile TSR
Investor Relations - Fixed Income Presentation
(1) Annualized TSR as at May 20, 2014. Based on the global peer group approved by our Board of Directors. For the list of peers, refer to our 2013 Annual Report.
(2) Includes a 6% dividend increase ($0.04/share) declared in February 2014, which is not included in the chart.
RBC
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