Royal Caribbean Cruises (NYSE:RCL) raised its quarterly dividend from $0.70 to $0.78 per share.
The dividend will be on October 11, to shareholders of record at the close of business on September 20. This move reflects the company's continuing efforts to increase shareholder returns.
Royal Caribbean is a global cruise vacation company that controls and operates four global brands: Royal Caribbean International, Celebrity Cruises, Azamara and Silversea Cruises. We are also a 50% joint venture owner of the German brand TUI Cruises and a 49% shareholder in the Spanish brand Pullmantur Cruceros.
Together, these brands operate a combined total of 63 ships with an additional 13 on order as of June 30. They operate diverse itineraries around the world that call on all seven continents.
To boost its profile, RCL announced last week it would be committing $1 million to Dorian disaster relief, and ITM - its partner in the Holistica joint venture that is developing the Grand Lucayan resort in Freeport— is also donating an additional $100,000.
To make sure our donations go where they can do the most good, we are collaborating with the Bahamian government and our non-profit partner, the Pan American Development Foundation, and a network of Bahamian charities and other local organizations, including the Bahamas Feeding Network.
"We are loading all kinds of goods onto our ships," said the news release last Tuesday –"generators, water, cleaning supplies, clean sheets, towels, and more—for direct delivery to the Bahamas."
RCL shares gained $1.29, or 1.2%, to $109.65
