Summary
Royal Caribbean Cruises Ltd. (RCL) announced a positive development for its shareholders with the declaration of an increased quarterly dividend. The Board of Directors approved a dividend of 13 cents per share, up from the previous 11 cents per share. This marks the 28th consecutive quarter that RCL has declared a dividend, underscoring a consistent commitment to returning capital to its investors. The filing also provides context on the company's operational scale, noting its ownership of two prominent cruise lines, Royal Caribbean International and Celebrity Cruises. With 18 vessels currently in operation and 11 more on order, the company demonstrates significant growth potential and fleet expansion. This sustained dividend growth, coupled with ongoing fleet development, signals financial health and confidence from the company's management.
Key Highlights
- 1The Board of Directors declared a quarterly dividend of $0.13 per common share, an increase from the previous $0.11 per share.
- 2The dividend is for shareholders of record as of September 18, 2000, and payable on September 29, 2000.
- 3This marks the 28th consecutive quarter Royal Caribbean has declared a dividend to common stock shareholders.
- 4Royal Caribbean Cruises Ltd. owns two cruise line brands: Royal Caribbean International and Celebrity Cruises.
- 5The company's combined fleet consists of 18 vessels currently in service.
- 6RCL has 11 additional ships under construction or on firm order, indicating future growth.