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Royal Bank of Canada announces increase to common share dividend


WEBWIRE

TORONTO, August 25, 2006 Royal Bank of Canada (RY on TSX and NYSE) today announced an increase to its quarterly common share dividend of 4 cents per share or 11.11% to 40 cents, payable on November 24, 2006, to common shareholders of record on October 26, 2006.

The quarterly common share dividend was last increased by 4 cents per share to 36 cents in the second quarter of 2006, for shareholders of record on April 25, 2006.

The board also declared dividends on the following Non-Cumulative First Preferred Shares, payable on November 24, 2006, to shareholders of record on October 26, 2006.

* Series N, Dividend No. 34 of $0.29375 per share.
* Series O, Dividend No. 30 of $0.34375 per share.
* Series W, Dividend No. 7 of $0.30625 per share.
* Series AA, Dividend No. 3 of $0.278125 per share.
* Series AB, Dividend No. 1 of $0.408836 per share.



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