Royal Caribbean Cruises Ltd. (NYSE:RCL – Get Free Report) announced a quarterly dividend on Tuesday, May 5th. Stockholders of record on Wednesday, June 3rd will be paid a dividend of 1.50 per share on Thursday, July 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend is Wednesday, June 3rd.
Royal Caribbean Cruises has raised its dividend by an average of 0.4%annually over the last three years and has increased its dividend annually for the last 1 consecutive years. Royal Caribbean Cruises has a payout ratio of 33.9% indicating that its dividend is sufficiently covered by earnings. Analysts expect Royal Caribbean Cruises to earn $20.12 per share next year, which means the company should continue to be able to cover its $6.00 annual dividend with an expected future payout ratio of 29.8%.
Royal Caribbean Cruises Price Performance
RCL stock opened at $277.97 on Wednesday. The firm has a market cap of $74.55 billion, a P/E ratio of 16.99, a P/E/G ratio of 0.90 and a beta of 1.77. The firm’s fifty day moving average is $278.50 and its 200 day moving average is $285.14. Royal Caribbean Cruises has a 52 week low of $225.95 and a 52 week high of $366.50. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.17 and a current ratio of 0.20.
About Royal Caribbean Cruises
Royal Caribbean Cruises (NYSE: RCL), operating as part of the Royal Caribbean Group, is a global cruise company that develops, markets and operates passenger cruise ships. The company operates multiple consumer-facing cruise brands that offer short- and long-duration itineraries and a range of onboard experiences. Its core activities include itineraries and voyage operations, guest services and hospitality, onboard food and beverage, entertainment and recreation programming, and the commercial activities needed to sell and support cruises through both direct and travel?agent channels.
Royal Caribbean’s ships serve a broad set of geographies worldwide, regularly deploying vessels in the Caribbean, North America (including Alaska), Europe, Asia, Australia and South America.
Recommended Stories
Receive News & Ratings for Royal Caribbean Cruises Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Royal Caribbean Cruises and related companies with MarketBeat.com's FREE daily email newsletter.
