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TORONTO, May 25, 2023 /CNW/ - Royal Bank of Canada (TSX:RY) (NYSE:RY) announced today that its board of directors has declared an increase to its quarterly common share dividend of three cents or two per cent, to $1.35 per share, payable on and after August 24, 2023, to common shareholders of record at the close of business on July 26, 2023.