Royal Caribbean Cruises Ltd (NYSE:RCL) announced a quarterly dividend on Tuesday, December 5th, RTT News reports. Shareholders 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 annualized dividend 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 raised its dividend annually for the last 5 consecutive years. Royal Caribbean Cruises has a payout ratio of 32.5% meaning its dividend is sufficiently covered by earnings. 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%.

Royal Caribbean Cruises (NYSE:RCL) traded down $2.26 during trading hours on Tuesday, reaching $122.82. 1,267,995 shares of the company’s stock traded hands, compared to its average volume of 1,559,653. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.13 and a current ratio of 0.16. The stock has a market cap of $26,810.35, a price-to-earnings ratio of 16.88, a price-to-earnings-growth ratio of 0.75 and a beta of 1.06. Royal Caribbean Cruises has a 52-week low of $80.60 and a 52-week high of $133.75.

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

In other Royal Caribbean Cruises news, CEO Richard D. Fain sold 20,000 shares of the firm’s stock in a transaction on Wednesday, September 13th. The shares were sold at an average price of $121.29, for a total value of $2,425,800.00. Following the completion of the transaction, the chief executive officer now directly owns 927,741 shares of the company’s stock, valued at approximately $112,525,705.89. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Over the last three months, insiders sold 60,000 shares of company stock valued at $7,415,000. Insiders own 15.30% of the company’s stock.

A number of research analysts have recently weighed in on the stock. UBS reissued 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. Macquarie downgraded shares of Royal Caribbean Cruises from an “outperform” rating to a “neutral” rating and set a $120.00 target price for the company. in a research report on Thursday, November 30th. Zacks Investment Research downgraded shares of Royal Caribbean Cruises from a “buy” rating to a “hold” rating in a research report on Tuesday, September 26th. Wedbush reissued 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. Finally, BidaskClub raised shares of Royal Caribbean Cruises from a “buy” rating to a “strong-buy” rating in a research report on Thursday, August 17th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $126.02.

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About Royal Caribbean Cruises

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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