Royal Bank of Canada T.RY

Dividend Increase

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Royal Bank of Canada announces increase to common share dividend TORONTO, Nov 30, 2004 (Canada NewsWire via COMTEX) -- Royal Bank of Canada (RY : TSX, NYSE) today announced an increase to its quarterly common share dividend of 3 cents per share or 5.8% to 55 cents, payable on February 24, 2005, to common shareholders of record on January 26, 2005. The quarterly common shar e dividend was last increased by 6 cents per share to 52 cents in the second quarter of 2004, for shareholders of record on April 22, 2004. The board also declared dividends on the following Non-Cumulative First Preferred Shares, payable on February 24, 2005, to shareholders of record on January 26, 2005. - Series N, Dividend No. 27 of $0.29375 per share - Series O, Dividend No. 23 of $0.34375 per share - Series P, Dividend No. 23 of $0.359375 U.S. per share - Series S, Dividend No. 15 of $0.38125 per share ABOUT ROYAL BANK OF CANADA Royal Bank of Canada (RY: TSX, NYSE) uses the initials RBC as a prefix for its businesses and operating subsidiaries, which operate under the master brand name of RBC Financial Group. Royal Bank of Canada is Canada's largest bank as measured by market capitalization and assets, and is one of North America's leading diversified financial services companies. It provides personal and commercial banking, wealth management services, insurance, corporate and investment banking, and transaction processing services on a global basis. The company employs approximately 60,000 people who serve more than 12 million personal, business and public sector clients in North America and in some 30 countries around the world. For more information, please visit www.rbc.com. VIEW ADDITIONAL COMPANY-SPECIFIC INFORMATION: https://www.newswire.ca/en/releases/orgDisplay.cgi?okey=17167 https://www.newswire.ca/en/releases/orgDisplay.cgi?okey=4750 https://www.newswire.ca/en/releases/orgDisplay.cgi?okey=7727 For further information: Media Contact: Beja Rodeck, Media Relations,[phone]; Investor Contacts: Nabanita Merchant, Senior Vice-President,Investor Relations, [phone]; Shirley Boudreau, Shareholder RelationsOfficer, Investor Relations, [phone];Archived images on this organization are available through CNW E-Pix athttps://www.newswire.ca. Images are free to members of The Canadian Press.To request a free copy of this organization's annual report, please go tohttps://www.newswire.ca and click on reports(at)cnw. News release via Canada NewsWire, Toronto 416-863-9350 Copyright (C) 2004 CNW, All rights reserved