Royal Bank of Canada Surges to 353rd in Trading Volume with 2.65 Billion Turnover Despite 3.06% Stock Price Decline

On May 29, 2025, Royal Bank of Canada (RY) saw a significant increase in trading volume, with a turnover of 2.65 billion, marking a 96.8% rise from the previous day. This surge placed RY at the 353rd position in the day's stock market rankings. However, despite the high trading volume, the stock price of RY experienced a decline of 3.06%.

On May 29, 2025, Royal Bank of Canada announced a dividend of $1.5400 per share. This announcement comes after a previous dividend declaration of $1.4800 per share on February 27, 2025. Additionally, the bank had increased its dividend rate by more than 3% on December 5, 2024, raising it from $5.68 to $5.92 per share. These dividend announcements and increases are likely to have influenced investor sentiment and contributed to the stock's price movement.