My recent buying trend has been insurance and banking stocks. Oops, I did it again. The trend continues because I bought Royal Bank of Canada  (RY) stock. This purchase marks the 3rd Canadian bank stock I’ve added to my portfolio this year. Last week, I bought 25 Royal Bank of Canada shares at $57.65 a share, for a total of $1,448.20. This new holding increases my annual dividend income by $60.75 dollars. My other Canadian bank transactions this year were 50 shares of the Bank of Nova Scotia (BNS), and 30 shares of Toronto-Dominion Bank (TD).

Royal Bank of Canada Company Overview

Royal Bank of Canada is a diversified financial services company. The Company provides personal and commercial banking, wealth management services, insurance, investor services and capital markets products and services on a global basis. It operates in five segments: Personal & Commercial Banking, which operates comprises its personal and business banking operations, as well as its auto 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 in three geographic segments: Canada, United States and Other International. Source: schwab.com

Royal Bank of Canada Dividend History

Royal Bank of Canada Stock Valuation