Royal Caribbean Cruises Ltd (NYSE:RCL) announced a quarterly dividend on Tuesday, December 5th, RTT News reports. Investors of record on Thursday, December 21st will be given a dividend of 0.60 per share on Friday, January 5th. This represents a $2.40 dividend on an annualized basis and a yield of 1.95%.

Royal Caribbean Cruises has increased its dividend by an average of 48.5% annually over the last three years and has increased its dividend every year for the last 5 years. Royal Caribbean Cruises has a payout ratio of 32.5% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Royal Caribbean Cruises to earn $8.53 per share next year, which means the company should continue to be able to cover its $2.40 annual dividend with an expected future payout ratio of 28.1%.

Shares of Royal Caribbean Cruises (NYSE:RCL) traded down $2.26 during trading on Wednesday, hitting $122.82. The stock had a trading volume of 1,267,900 shares, compared to its average volume of 1,559,653. Royal Caribbean Cruises has a 1 year low of $80.60 and a 1 year high of $133.75. The stock has a market cap of $26,778.24, a price-to-earnings ratio of 16.86, a PEG ratio of 0.75 and a beta of 1.06. The company has a current ratio of 0.16, a quick ratio of 0.13 and a debt-to-equity ratio of 0.58.

Royal Caribbean Cruises (NYSE:RCL) last announced its earnings results on Tuesday, November 7th. The company reported $3.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.43 by $0.06. Royal Caribbean Cruises had a return on equity of 16.64% and a net margin of 18.41%. The firm had revenue of $2.57 billion during the quarter, compared to analyst estimates of $2.57 billion. During the same period last year, the firm posted $3.20 EPS. The business’s revenue was up .2% compared to the same quarter last year. equities analysts forecast that Royal Caribbean Cruises will post 7.39 EPS for the current fiscal year.

RCL has been the subject of several research analyst reports. Wedbush reaffirmed an “outperform” rating and set a $129.00 target price (up from $125.00) on shares of Royal Caribbean Cruises in a research report on Tuesday, August 8th. UBS reaffirmed a “buy” rating and set a $131.00 target price (up from $112.00) on shares of Royal Caribbean Cruises in a research report on Tuesday, August 8th. Goldman Sachs Group lowered Royal Caribbean Cruises to a “sell” rating in a research report on Tuesday, August 15th. BidaskClub raised Royal Caribbean Cruises from a “buy” rating to a “strong-buy” rating in a research report on Thursday, August 17th. Finally, Zacks Investment Research lowered Royal Caribbean Cruises from a “buy” rating to a “hold” rating in a research report on Monday, August 21st. Two analysts have rated the stock with a sell rating, five have given a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $126.02.

In related news, CEO Richard D. Fain sold 20,000 shares of Royal Caribbean Cruises stock in a transaction dated Friday, October 13th. The stock was sold at an average price of $125.70, for a total value of $2,514,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In the last three months, insiders sold 60,000 shares of company stock valued at $7,415,000. 15.30% of the stock is currently owned by insiders.

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Royal Caribbean Cruises Company Profile

Royal Caribbean Cruises Ltd. is a cruise company. The Company owns and operates three global cruise brands: Royal Caribbean International, Celebrity Cruises and Azamara Club Cruises (Global Brands). The Company also own joint venture interest in the German brand TUI Cruises, interest in the Spanish brand Pullmantur and interest in the Chinese brand SkySea Cruises (collectively, Partner Brands).

Dividend History for Royal Caribbean Cruises (NYSE:RCL)

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