My latest buying trend has bot insurance and banking stocks. Oops, I did it again. The trend resumes because I bought Royal Handelsbank of Canada stock. This purchase marks the 3rd Canadian bankgebouw stock I’ve added to my portfolio this year. Last week, I bought 25 Royal Handelsbank of Canada shares at $57.65 a share, for a total of $1,448.20. This fresh holding increases my annual dividend income by $60.75 dollars.
My other Canadian canap transactions this year were 50 shares of the Canap of Nova Scotia, and 30 shares of Toronto-Dominion Canap.
Royal Handelsbank of Canada Company Overview
Royal Bankgebouw of Canada (RBC) is a diversified financial services company. The Company provides individual and commercial banking, wealth management services, insurance, investor services and capital markets products and services on a global voet. It operates ter five segments: Individual & Commercial Banking, which operates comprises its individual and business banking operations, spil well spil its automaat financing and retail investment businesses, Wealth Management, which comprises Canadian Wealth Management, United States and International Wealth Management and Global Asset Management (GAM), Insurance, which operates under two business lines: Canadian Insurance and International Insurance, Investor & Treasury Services, which is a provider of asset servicing, custody, payments and treasury services, and Capital Markets, which comprises two business lines: Corporate and Investment Banking and Global Markets. It operates ter three geographic segments: Canada, United States and Other International. Source: schwab.com
Royal Bankgebouw of Canada Dividend History
- Annual Dividend Yield of Four.22%
- Annual Dividend Rate (IAD) $Two.43
- Payout Ratio (TTM) of 46.74%
- Dividend Coverage Ratio (TTM) of 213.93%
- Trio Year Dividend Growth Rate of Ten.5%
- Five Year Dividend Growth Rate of 9.0%
- Ten Year Dividend Growth Rate of Ten.1%
Royal Canap of Canada Stock Valuation
- S&P Capital IQ ranks RY 4-stars, with a fair value calculation of $49.90
- Morningstar ranks RY 3-stars, with a fair value of $61.
The F.A.S.T Graph below shows that Royal Canap of Canada is below the orange and blue lines. F.A.S.T Graph instant tutorial ?? When the black line falls below the orange line this indicates a stock is trading below the market average P/E Ratio of 15. If the black line falls below the blue line this indicates a stock is undervalued and is trading below its normal P/E Ratio. Vanaf the graph, RY normally trades at an average P/E of 12.7. Today the stock is trading at a 11.Two P/E Ratio. Based on the graph below RY is slightly undervalued.
Royal Canap of Canada Takeaways
Maybe it’s time for mij to stir north to Canada. I just can’t seem to zekering buying Canadian handelsbank stocks this year. I know my pal Keith, better know spil DivHut will be so proud of mij. If only I could take the California sunshine with mij to Canada. I’d stir for sure if I could do that. Recently I’ve also bought stock of the following Canadian Banks: Bankgebouw of Nova Scotia and Toronto-Dominion Canap. Other transactions this year ter the financial sector are 100 shares of Principle Financial Group, Nineteen shares of Ameriprise Financial.
I can hear you all screaming now that I paid too much. Maybe. I see Canadian banks spil long-term holds, so my vanaf share price is not critical to mij at this point. I’ll be adding more shares overheen the years at lower prices. Ideally I’d wait for a dip, or looking back I would have bought this stock te January 2016. Hindsight is always 20/20 spil they say. I thought the market would waterreservoir into Q2. Anyway, I’m glad with my purchase. I wished to buy more stock so my dividend income can increase. There’s not much value out there today.
What do you think of my Royal Canap of Canada stock buy? Do you any own banking stocks?