Royal Caribbean Rewards Shareholders With 38% Dividend Hike

Royal Caribbean Cruises Ltd. (RCL) recently announced a hike in its quarterly dividend payout. The company raised its quarterly dividend by 37.5%, which indicates RCL’s intention to utilize free cash to boost its shareholders’ returns.RCL increased its quarterly dividend to 55 cents per share (or $2.20 annually) from the previous payout of 40 cents (or $1.60 annually). The hiked dividend will be paid out on Jan. 13, 2025, to its shareholders on record as of Dec. 27, 2024. Based on the closing price of $245. ...