The dividend rate for the five-year period commencing on August 25, 2016, and ending on
August 24, 2021, will be 1.805 per cent, being equal to the sum of the five-year Government of Canada bond yield as at July 26, 2016, plus 1.15 per cent, as determined in accordance with the terms of the Preferred Shares Series 25.
The dividend rate for the five-year period commencing on August 25, 2016, and ending on
August 24, 2021, will be 1.805 percent, being equal to the sum of the five-year Government of Canada bond yield as at July 26, 2016, plus 1.15 percent, as determined in accordance with the terms of the Preferred Shares Series 25.
Fifty percent of the restricted stock units are scheduled to vest on each of August 24, 2016 and
August 24, 2021, subject to Mr.
The Preferred Shares Series BM will yield 5.50 per cent annually, payable quarterly, as and when declared by the Board of Directors of Royal Bank of Canada, for the initial period ending
August 24, 2021. Thereafter, the dividend rate will reset every five years at a rate equal to 4.80 per cent over the 5-year Government of Canada bond yield.