Oct 2020 RY was at $89, it has gone as high as $145 since then, now trading at 113.50. Even the Bank stocks move in quite a wide range over a year. That is why I have always said, don't buy stocks with money you may need in 12 to 18 months, NO ONE can predict the price fluctuations well enough to make that a safe strategy.
That said, at today's price it yields 4.66% If you had bought Oct 2 years ago, your yield on cost is 6.1%, so your investment doubles in 12 years. Oct 2013 the stock sold for $65, so yield on cost 8.3%, money doubles in 9 years from dividend alone. (Jan 2013 it was $61)
No one that recently bought at $145 is happy the price is $114, but those that bought 2 to 10 years ago are laughing in the shade. The ones the bought at 145 are still collecting the dividend so as long as they are patient, the stock price will recover. If they have the drip program going, they are getting more shares at $113 that at $145 and thus using dollar cost averaging to reduce their original cost base.
The whole thing about investing SAFELY is picking a stock that isn't going to go broke, pays a good dividend and shows a steady upward sloping price curve over extended periods of 5, 10 and 20 years.
Despite all the latest downward price moves, overall portfolio is still up 4% over the past rolling 12 months, and that doesn't count dividends, which average about a 6.2% yield, based on current share prices, not cost of shares, so still up over 10% over 12 months. The dividends make a REALLY big difference to overall performance.
