TORONTO: RBC earned a record $9 billion in 2014, up 8 per cent from last year with strong return on common equity of 19 per cent and a robust capital position of 9.9 per cent.
RBC also delivered strong returns to shareholders. Three and five-year average annual total shareholder returns were 23 per cent and 12 per cent, respectively, above our global peer average and included a 12 per cent increase in our quarterly dividend in 2014 compared to the prior year.
Royal Bank of Canada filed its Notice of Annual and Special Meeting of Common Shareholders and Management Proxy Circular for 2015 with securities regulators and is mailing the package to shareholders. The circular is also available online at rbc.com/governance.
The circular contains key information about RBC’s annual meeting including the election of directors, the appointment of the bank’s auditor and proposals from shareholders. The circular also includes a detailed description of the Board’s assessment of the performance of RBC named executive officers for fiscal 2014, and related compensation decisions.
Katie Taylor, Chair of the Board of RBC, said, “In 2014, RBC achieved record earnings across all of its businesses and delivered on its strategic goals. With its focused strategy, financial strength and diversified business model, RBC is well positioned to continue to deliver long-term value.”
