Royal Bank of Canada to Launch Buyback for 2.5% of Public Float

Published on 06/10/2025 at 08:08 - Modified on 06/10/2025 at 08:10

Dow Jones

-0.35%

By Adriano Marchese

Royal Bank of Canada plans to launch a share-repurchase program to buy back up to around 2.5% of its issued and outstanding common shares over the course of a year.

The Canadian financial institution said Tuesday that the Toronto Stock Exchange and the Office of the Superintendent of Financial Institutions have approved its plans to buy back up to 35 million shares for cancellation.

Shares have been virtually unchanged in the year so far, rising 0.8% since the start of 2025 to close on Monday at 174.66 Canadian dollars ($127.48). The stock is up 19% over the last 52 weeks.

At Monday's closing price, the value of the shares intended for buyback would be worth about C$6.11 billion.

Royal Bank can begin buying back shares starting on June 12.

Write to Adriano Marchese at adriano.marchese@wsj.com

(END) Dow Jones Newswires

06-10-25 0807ET

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