Q: Thinking of switching from TD to RY since RY has dropped recently. The EPS and PE looks much better. The dividend pays out on April 24. When would I have to buy the stock to get the dividend. Cheers Steve
5i Research Answer:
We remain comfortable with TD, but RY is likely safer overall. The next dividend is not payable in April it is payable May 23. Ex dividend date is April 24 and to get the dividend investors would need to buy on or before April 23.