2019 Highlights

55%

of profits returned to our shareholders through dividends (1) and repurchases

$8.75

diluted earnings per share (EPS), up from $8.36 in 2018

16.8%

return on equity (ROE), down from 17.6% in 2018

12.1%

common equity tier 1 (CET1) ratio, up from 11.5% in 2018

$4.07

dividends declared per share, increased by $0.30 since 2018

$5.7 billion

remainder of our profit available to reinvest in future growth

Strong earnings

Net income (C$ billion)

ANNUALIZED DIVIDEND INCREASE OF:

8%

One year

7%

Ten year(2)

Earnings by business segment(3)

 

Financial performance metrics

MEDIUM-TERM OBJECTIVES(4)
3-YEAR(5)
5-YEAR(5)
Diluted EPS growth of 7%+
9%
8%
ROE of 16%+
17.1%
17.3%
Strong capital ratio (CET 1)
11.5%
11.2%
Dividend payout ratio of 40%–50%
46%
46%

Total shareholder return(6)

 
3-YEAR
5-YEAR
RBC
12%
10%
Global peer average
11%
8%

(1) Includes dividends paid on both common and preferred shares. Dividends were $5.8 billion on common shares and $0.3 billion on preferred shares.
(2) Compound Annual Growth Rate.
(3) Excludes Corporate Support.
(4) A medium-term (3-5 year) objective is considered to be achieved when the performance goal is met in either a 3- or 5-year period.
(5) Diluted EPS growth is calculated using a Compound Annual Growth Rate (CAGR). ROE, CET1 and dividend payout ratio are calculated using an average.
(6) Annualized TSR is calculated based on the TSX common share price appreciation plus reinvested dividend income. Source: Bloomberg, as at October 31, 2019. RBC is compared to our global peer group. The peer group average excludes RBC; for the list of peers, please refer to pages 15-16.