Royal Caribbean Cruises Ltd. (NYSE:RCL) Plans $1.50 Quarterly Dividend

Key Points

• Royal Caribbean declared a $1.50 quarterly dividend, payable October 8 to shareholders of record on September 17. The dividend annualizes to $6.00 per share and yields approximately 2.2%.
• The company reported quarterly EPS of $4.21, exceeding the $3.98 consensus estimate, while revenue rose 6.5% year over year to $4.83 billion. Its 33.9% payout ratio and expected 29.8% future payout ratio indicate the dividend is well covered.
• Analysts maintain a generally positive view, with a “Moderate Buy” consensus rating and an average price target of $353.40, despite one recent downgrade to “Hold.”

Royal Caribbean Cruises Ltd. (NYSE:RCL - Get Free Report) announced a quarterly dividend on Tuesday, September 1st. Investors of record on Thursday, September 17th will be given a dividend of 1.50 per share on Thursday, October 8th. This represents a c) annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend is Thursday, September 17th.

Royal Caribbean Cruises has increased its dividend by an average of 0.4%per year over the last three years and has increased its dividend every year for the last 1 years. Royal Caribbean Cruises has a dividend payout ratio of 33.9% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Royal Caribbean Cruises to earn $20.12 per share next year, which means the company should continue to be able to cover its $6.00 annual dividend with an expected future payout ratio of 29.8%.

Royal Caribbean Cruises Stock Performance

RCL traded up $5.42 on Wednesday, reaching $271.12. The stock had a trading volume of 198,642 shares, compared to its average volume of 2,490,885. The business's 50-day moving average price is $300.45 and its two-hundred day moving average price is $288.73. The company has a market cap of $72.51 billion, a P/E ratio of 16.79, a price-to-earnings-growth ratio of 0.92 and a beta of 1.75. Royal Caribbean Cruises has a 12-month low of $232.10 and a 12-month high of $362.79. The company has a current ratio of 0.21, a quick ratio of 0.19 and a debt-to-equity ratio of 2.03.

Royal Caribbean Cruises (NYSE:RCL - Get Free Report) last posted its earnings results on Tuesday, July 28th. The company reported $4.21 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.98 by $0.23. Royal Caribbean Cruises had a net margin of 23.54% and a return on equity of 43.33%. The business had revenue of $4.83 billion for the quarter, compared to analyst estimates of $4.82 billion. During the same period in the prior year, the company posted $4.38 EPS. The company's revenue for the quarter was up 6.5% on a year-over-year basis. Royal Caribbean Cruises has set its FY 2026 guidance at 17.730-17.870 EPS and its Q3 2026 guidance at 6.260-6.360 EPS. Sell-side analysts forecast that Royal Caribbean Cruises will post 17.78 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts have commented on the company. BMO Capital Markets started coverage on Royal Caribbean Cruises in a report on Tuesday, July 7th. They issued an "outperform" rating and a $370.00 price objective on the stock. Citigroup increased their target price on Royal Caribbean Cruises from $327.00 to $362.00 and gave the company a "buy" rating in a research report on Wednesday, July 29th. TD Cowen dropped their price target on shares of Royal Caribbean Cruises from $350.00 to $337.00 and set a "buy" rating on the stock in a research note on Friday, May 15th. Susquehanna boosted their price target on shares of Royal Caribbean Cruises from $350.00 to $372.00 and gave the stock a "positive" rating in a report on Wednesday, July 29th. Finally, Freedom Capital downgraded shares of Royal Caribbean Cruises from a "strong-buy" rating to a "hold" rating in a report on Wednesday, July 29th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $353.40.

Royal Caribbean Cruises Company Profile

Royal Caribbean Cruises NYSE: RCL, operating as part of the Royal Caribbean Group, is a global cruise company that develops, markets and operates passenger cruise ships. The company operates multiple consumer-facing cruise brands that offer short- and long-duration itineraries and a range of onboard experiences. Its core activities include itineraries and voyage operations, guest services and hospitality, onboard food and beverage, entertainment and recreation programming, and the commercial activities needed to sell and support cruises through both direct and travel‑agent channels.

Royal Caribbean's ships serve a broad set of geographies worldwide, regularly deploying vessels in the Caribbean, North America (including Alaska), Europe, Asia, Australia and South America.

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