Royal Bank of Canada announces increase to common share dividend



    TORONTO, Aug. 24 /CNW/ - Royal Bank of Canada (RY on TSX and NYSE) today
announced an increase to its quarterly common share dividend of four cents per
share or 9 per cent to $0.50 cents, payable on November 23, 2007 to common
shareholders of record on October 25, 2007.
    The quarterly common share dividend was last increased by six cents per
share to 46 cents in the second quarter of 2007 for shareholders of record on
April 25, 2007.
    The Board of Directors also declared dividends on the following
Non-Cumulative First Preferred Shares, payable on November 23, 2007 to
shareholders of record on October 25, 2007.

    
    - Series N,  Dividend   No. 38  of  $0.29375 per share.
    - Series W,  Dividend   No. 11  of  $0.30625 per share.
    - Series AA, Dividend   No.  7  of  $0.278125 per share.
    - Series AB, Dividend   No.  5  of  $0.29375 per share.
    - Series AC, Dividend   No.  4  of  $0.2875 per share.
    - Series AD, Dividend   No.  3  of  $0.28125 per share.
    - Series AE, Dividend   No.  3  of  $0.28125 per share.
    - Series AF, Dividend   No.  2  of  $0.278125 per share.
    - Series AG, Dividend   No.  2  of  $0.28125 per share.
    





For further information:

For further information: Investor Contact: Shirley Boudreau, Shareholder
Relations, (416) 955-7806, shirley.boudreau@rbc.com; Media Contact: Beja
Rodeck, Media Relations, (416) 974-5506, toll-free 1-888-880-2173,
beja.rodeck@rbc.com


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