5 TSX-60 Stocks that Pay Dividends

1. Royal Bank of Canada (NYSE:RY)

Number of Hedge Fund Holders: 15

Dividend Yield as of April 27: 3.73%

Royal Bank of Canada (NYSE:RY) is a Canadian multinational financial services company that offers retail banking, corporate banking, investment banking, mortgage loans, private banking, wealth management, credit cards, and insurance. 

On February 24, Royal Bank of Canada (NYSE:RY) declared a C$1.20 per share quarterly dividend, in line with previous. The dividend is payable on May 24, to shareholders of record on April 25. Royal Bank of Canada (NYSE:RY)’s dividend yield on April 27 came in at 3.73%. 

Scotiabank analyst Meny Grauman on April 13 reiterated an Outperform rating on Royal Bank of Canada (NYSE:RY) but lowered the firm’s price target on the shares to C$150 from C$163. 

Royal Bank of Canada (NYSE:RY) reported earnings for Q4 2021 on February 24, posting an EPS of $2.24, beating market estimates by $0.01. The $10.20 billion revenue also outperformed estimates by $795.5 million. 

According to Insider Monkey’s database, 15 hedge funds were long Royal Bank of Canada (NYSE:RY) at the end of Q4 2021, compared to 16 funds in the preceding quarter. Rajiv Jain’s GQG Partners is the leading shareholder of the company, with more than 7 million shares worth $759.23 million. 

You can also take a look at 10 Growth ETFs to Buy Now and 10 Oil Tanker Stocks That Pay Dividends.

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