Rank Royal Bank of Canada Preferreds

This compare tool allows you to Rank Royal Bank of Canada Preferreds, based on the latest stock information available. Our goal is to provide you with the information and metrics related to the Royal Bank of Canada preferreds. Your goal is to establish which preferred will provide you the best returns. If you are buying today, these tools will expedite and aid the selection process. Given all the data available here, an informed decision is within reach.

In a market with low volumes you can use this information to identify mispriced shares. Since all preferreds belong to the same issuer, the risk is the same for all of them.

Royal Bank of Canada Brief Overview

Visit the Royal Bank of Canada company website to see the preferred share prospectus, news and other information.

Sector: Financial Services

Core businesses and operations:

  1. Offers personal and commercial banking, wealth-management services, insurance, corporate banking, and capital markets services.
  2. Largest Canadian Bank by market Capitalization.
Issues Not tracked by our system The following Royal Bank issues are US$ based and not included in our system.
  1. NYSE: RY.PR.T 6.750% FIXED RATE/FLOATING RATE NONCUMULATIVE FIRST PREFERRED SHARES, SERIES C-2

The latest information and statistics on their common stock RY, can be easily accessed using websites like TMX Money.

Next Dividend Pay Date: 2021May24. Dividend Payment Schedule: 2022FEB24 , 2021MAY24 , 2021AUG24 , 2021NOV24

Ex Dividend Date Schedule: 2022JAN23 , 2021APR24 , 2021JUL24 , 2021OCT24

 

Royal Bank of Canada Credit Rating

The latest credit rating for Royal Bank of Canada are listed in the table below. For additional information on credit rating agencies and codes see our article Credit Rating Symbols.

S&P CorporateS&P PreferredsDBRS Long TermDBRS Preferred'sS&P Global CorporateS&P Global PreferredsMoody's LongTermFitch Long TermFitch Short Term
AA-BBB+AA(high)Pfd-2HAa2AAF1+

Royal Bank of Canada Common Share Metrics

Symbol: TSE:RYCurrency: CADMarket Cap: $141,309,561,724Price: $120.26
P/E: 14.89P/B: 2.19Dividend: $1.08Yield: 3.59%
Beta: 0.7100

Royal Bank of Canada Overall Preferred Share Metrics

I have reviewed the full set of Royal Bank of Canada preferreds. Based on my review the following data points may be of interest to current and potential investors in the securities of "Royal Bank of Canada". In other words, this is what I think is worth highlighting in this set of preferred shares. In addition it provides a quick overview of the detailed information presented furher down this page.


Preferred issues: 10Lowest Current Yield: RY-M @ 3.12%Highest Current Yield: RY-Q @ 5.52%Average Current Yield: 4.46%
5 Year Reset issues: 75YR Reset Lowest Reset Yield: RY-S @ 3.27%5YR Reset Highest Reset Yield: RY-R @ 5.62%5YR Reset Average Reset Yield: 4.04%
Lowest Rate Increase Percent: RY-P @ -4.000%Highest Rate Increase Percent: RY-Z @ 7.00%Average Rate Increase Percent: 1.10%
Market Cap at Market Value: 4,103,150,000Market Cap at Face Value: 4,175,000,000Discount Amount: 71,850,000Discount Percent: 1.72%
Percent of Total Market Cap at Market Value: 5.50%Percent of Total Market Cap at Face Value: 4.90%



 
 

Rank Royal Bank of Canada Preferreds - Compare Tool.

If you need more information on how to use the metrics below, watch our video Introduction to Compare Tools or see our post how to pick the best preferred share of a company


The following metrics are now only available on the premium version of this tool:


  1. Reset Date.
  2. Reset (Yield | Dividend).
  3. Blended (Yield | Dividend). A (What If) scenario. It represents the blended yield and dividend for the current issue. It should only be used as a reference. It is not meant to show actual returns for Yield/Dividend. This metric has merit only when applied across all issues being considered.
  4. Rate Increase Percent.
  5. Rate Increase To Value.
  6. New Spread increase.
  7. New Spread Value. This reflects the effect or the current price on the issue spread of the preferred. It shows the effective new spread of the share due to its drop or rise of its share value
  8. Short Position.
  9. Additional Features.
  10. Years To Double Initial Investment.
  11. Outstanding float. This is the outstanding float for this preferred.
  12. Market Cap In Bilions.
  13. Common Stock P/E Ratio.
  14. Common Stock P/B Ratio.
  15. Common Stock Yield. Current yield of the common. Should be considered if preferred yield is lower.
Last Updated: Market Data May-07 18:16, Model Metrics May-07 18:44
SymbolPrice52W High52W Low
Fixed Rate Baseyield and dividend for the current issue based on last night’s closing stock price
Current (Yield Dividend)Name
RY-Z RY.PR.Z CA78012G4117 $23.22$23.33$14.385yr + 2.21%03.98% $0.9250Royal_Bank_of_Canada_4.00%,_Series_AZ_-_NVCC_
RY-H RY.PR.H CA78012H5675 $23.36$23.55$14.305yr + 2.26%03.91% $0.9125Royal_Bank_of_Canada_3.90%,_Series_BB_-_NVCC_
RY-J RY.PR.J CA78012Q1129 $24.42$24.68$14.635yr + 2.74%03.28% $0.8000Royal_Bank_of_Canada_3.60%,_Series_BD_-_NVCC_
RY-M RY.PR.M CA78012T4708 $24.04$24.04$14.045yr + 2.62%03.12% $0.7500Royal_Bank_of_Canada_3.60%,_Series_BF_-_NVCC_
RY-Q RY.PR.Q CA78013L2113 $24.99$26.01$23.955yr + 4.53%05.52% $1.3800Royal_Bank_of_Canada_5.50%,_Series_BK_-_NVCC_
RY-R RY.PR.R CA78013N2749 $25.26$25.95$24.525yr + 4.80%05.46% $1.3800Royal_Bank_of_Canada_5.50%,_Series_BM_-_NVCC_
RY-S RY.PR.S CA78013R3909 $24.95$25.00$16.335yr + 2.38%04.81% $1.2000Royal_Bank_of_Canada_4.80%,_Series_BO_-_NVCC_
RY-N RY.PR.N CA78013J4550 $25.58$26.97$22.54perpetual @ 4.90%04.81% $1.2300Royal_Bank_of_Canada_4.90%,_Series_BH_-_NVC
RY-O RY.PR.O CA78013K6016 $25.70$26.55$22.65perpetual @ 4.90%04.79% $1.2300Royal_Bank_of_Canada_4.90%,_Series_BI_-_NVC
RY-P RY.PR.P CA78013K2882 $26.25$26.80$24.00perpetual @ 5.25%04.99% $1.3100Royal_Bank_of_Canada_5.25%,_Series_BJ_-_NVC
 
 

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Last Updated: Market Data May-07 18:16, Model Metrics May-07 18:44
SymbolPrice52W High52W Low
Fixed Rate Baseyield and dividend for the current issue based on last night’s closing stock price
Current (Yield Dividend)
Reset (Yield Dividend)yield and dividend for the current issue after the upcoming reset
Blended (Yield Dividend)follow link passed the end of the table to see definition
Yield To CallReset Date Y/M/DRate Increase percentRate Increase to valueNew Spread IncreaseNew Spread valueShort PositionAdditional FeaturesYears To Double Initial InvestmentOutstanding FloatName
RY-Z RY.PR.Z CA78012G4117 $23.22$23.33$14.385yr + 2.21%03.98% $0.925003.33% | $0.773303.72% $0.86 12@cy+8@ry6.29%2024may24007%3.33%007%2.36%15,249Non-Cumulative NVCC17.7620,000,000Royal_Bank_of_Canada_4.00%,_Series_AZ_-_NVCC_
RY-H RY.PR.H CA78012H5675 $23.36$23.55$14.305yr + 2.26%03.91% $0.912503.36% | $0.785803.71% $0.86 13@cy+7@ry5.86%2024aug24007%3.36%006%2.40%246,402Non-Cumulative NVCC18.0720,000,000Royal_Bank_of_Canada_3.90%,_Series_BB_-_NVCC_
canadianpreferredshares.ca - Royal Bank of Canada Preferred Share Ranking

Additional Information

Continue to Rank Royal Bank Preferreds  page 2 of 3 where you can find

  1. What if “Yield Scenarios” for 5 year resets.
  2. Graph of all preferred share yields
  3. Prospectus Information