Last week RY announced an increase in their dividend payout by 2 cents, or 3%, from .077 to 0.79 per share. I'm still getting used to the US vs Canadian stock. The numbers above are in Canadian dollars. For US the numbers looks quite different. The recent payout was 0.616, and the new one should be something like 0.60 based on today's exchange rate of the stronger US dollar.
Long story short, the increase is great, and helps offset currency fluctuations.