Royal Caribbean Cruises Ltd. declares dividend & announces $1 Billion stock buyback

In:
10May2018
By: 
Matt Hochberg

Royal Caribbean Cruises Ltd announced  a quarterly dividend of $0.60 per common share payable on July 3, 2018, to shareholders of record at the close of business on June 4, 2018. 

The company also announced today that its Board of Directors has approved the repurchase of $1 billion of the company's common stock over the next two years.

"Over the past five years, we have increased our dividends fivefold and repurchased close to $1.25 billion in common stock," said Richard D. Fain, chairman and CEO.  "We are very pleased to be in a position to improve returns for our shareholders, which remains one of our top priorities."