Royal Caribbean Cruises Ltd Plans Quarterly Dividend of $0.60 (RCL)

Royal Caribbean Cruises Ltd (NYSE:RCL) declared a quarterly dividend on Tuesday, February 13th, RTT News reports. Stockholders of record on Wednesday, March 7th will be given a dividend of 0.60 per share on Thursday, April 5th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.86%.

Royal Caribbean Cruises has increased its dividend payment by an average of 24.8% per year over the last three years and has increased its dividend every year for the last 6 years. Royal Caribbean Cruises has a dividend payout ratio of 32.5% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Royal Caribbean Cruises to earn $9.93 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 24.2%.

Royal Caribbean Cruises (NYSE:RCL) traded down $0.24 during trading on Tuesday, hitting $129.03. 1,719,362 shares of the stock were exchanged, compared to its average volume of 1,646,952. Royal Caribbean Cruises has a one year low of $93.40 and a one year high of $135.65. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.15 and a current ratio of 0.18. The firm has a market cap of $27,620.00, a P/E ratio of 17.14, a price-to-earnings-growth ratio of 0.65 and a beta of 1.10.

Royal Caribbean Cruises (NYSE:RCL) last posted its quarterly earnings data on Wednesday, January 24th. The company reported $1.34 EPS for the quarter, topping the Zacks’ consensus estimate of $1.20 by $0.14. Royal Caribbean Cruises had a net margin of 18.51% and a return on equity of 16.22%. The company had revenue of $2 billion during the quarter, compared to the consensus estimate of $1.97 billion. During the same period in the prior year, the business posted $1.23 EPS. The company’s quarterly revenue was up 5.0% on a year-over-year basis. analysts expect that Royal Caribbean Cruises will post 8.67 earnings per share for the current year.

In other Royal Caribbean Cruises news, CEO Richard D. Fain sold 20,000 shares of the stock in a transaction dated Wednesday, December 13th. The shares were sold at an average price of $123.00, for a total value of $2,460,000.00. Following the transaction, the chief executive officer now directly owns 847,741 shares of the company’s stock, valued at approximately $104,272,143. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Jason T. Liberty sold 5,892 shares of the stock in a transaction dated Thursday, January 25th. The shares were sold at an average price of $131.19, for a total transaction of $772,971.48. Following the completion of the transaction, the chief financial officer now directly owns 43,972 shares in the company, valued at $5,768,686.68. The disclosure for this sale can be found here. Insiders sold a total of 70,895 shares of company stock valued at $8,982,161 over the last quarter. 15.30% of the stock is currently owned by company insiders.

RCL has been the subject of a number of recent research reports. ValuEngine downgraded shares of Royal Caribbean Cruises from a “buy” rating to a “hold” rating in a research note on Wednesday, January 3rd. Deutsche Bank increased their price objective on shares of Royal Caribbean Cruises from $114.00 to $118.00 and gave the stock a “hold” rating in a research note on Wednesday, November 8th. Wedbush reiterated an “outperform” rating and issued a $139.00 target price (up from $129.00) on shares of Royal Caribbean Cruises in a research note on Wednesday, November 8th. Buckingham Research raised their target price on shares of Royal Caribbean Cruises from $149.00 to $155.00 and gave the company a “buy” rating in a research note on Wednesday, November 8th. Finally, SunTrust Banks raised their target price on shares of Royal Caribbean Cruises to $149.00 and gave the company a “buy” rating in a research note on Wednesday, January 17th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. Royal Caribbean Cruises has a consensus rating of “Buy” and a consensus price target of $137.67.

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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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