Royal Caribbean's Board of Directors announced today that it will offer its shareholders a quarterly dividend of $0.12 per share payable on October 9, 2012, to shareholders of record at the close of business on September 25, 2012.
Dividends from the cruise have been $0.10 since 2008 after it dropped from its highest $0.15. This new change in dividends is an increase of 20 percent.
Royal Caribbean chairman Richard Fain commented on the change, "I am pleased that our Board of Directors increased the quarterly dividend payment today. We have consistently communicated our desire to balance rational growth, leverage reduction and shareholder return improvement. I think today's actions are further evidence that these goals can coexist harmoniously."
