Royal Bank of Canada (RBC) received approval from the Toronto Stock Exchange and the Office of the Superintendent of Financial Institutions for a share buyback program. The bank will repurchase up to 45 million common shares. This volume represents approximately 3.24% of its outstanding shares as of May 29, 2026.
The buyback period begins June 12, 2026. The program will conclude on June 11, 2027. RBC intends to manage its capital position and generate shareholder value through the initiative.
The bank will establish an automatic share purchase plan. This allows a broker to buy back shares based on pre-defined criteria.