ROYAL CARIBBEAN GROUP RAISES DIVIDEND 36% AND ANNOUNCES $1 BILLION SHARE REPURCHASE PROGRAM

MIAMI, Feb. 12, 2025 /PRNewswire/ — The Board of Directors of Royal Caribbean Group (NYSE: RCL) today declared a quarterly dividend of $0.75 per common share payable on April 4, 2025, to shareholders of record at the close of business on March 7, 2025.

The company also announced today that its Board of Directors has approved the repurchase of up to $1 billion of the company’s common stock over the next twelve months.

“Our strong performance and balance sheet position allows us to further expand capital allocation while we invest in the future.” said Jason Liberty, president and CEO, Royal Caribbean Group.  “With today’s announcement, nearly $500 million in dividends have been paid or declared in the last four months. Coupled with the newly authorized share repurchase program, these actions reflect our confidence in our business, our focus on disciplined capital allocation, and our commitment to delivering long-term value for shareholders.”

About Royal Caribbean Group:
Royal Caribbean Group (NYSE: RCL) is a vacation industry leader with a global fleet of 67 ships across its five brands traveling to all seven continents. With a mission to deliver the best vacations responsibly, Royal Caribbean Group serves millions of guests each year through its portfolio of best-in-class brands, including Royal Caribbean, Celebrity Cruises, and Silversea; and an expanding portfolio of land-based vacation experiences through Perfect Day at CocoCay and Royal Beach Club collection. The company also owns 50% of a joint venture that operates TUI Cruises and Hapag-Lloyd Cruises. With a rich history of innovating, Royal Caribbean Group continually delivers exciting new products and guest experiences that help shape the future of leisure travel. Learn more at royalcaribbeangroup.com or rclinvestor.com

Cautionary Statement Concerning Forward-Looking Statements: This press release and related comments by management includes “forward-looking statements” under the Private Securities Litigation Reform Act of 1995 related to expected dividend payments and potential share repurchases. Forward-looking statements reflect management’s current expectations, are based on judgments, are inherently uncertain and are subject to risks, uncertainties and other factors, which could cause our actual results, performance or achievements to differ materially from the future results, performance or achievements expressed or implied in those forward-looking statements.  More information about factors that could affect our operating results is included under the caption “Risk Factors” in our most recent annual report on Form 10-K, as well as our other filings with the SEC, copies of which may be obtained by visiting our Investor Relations website at www.rclinvestor.com or the SEC’s website at www.sec.gov. Undue reliance should not be placed on the forward-looking statements in this release, which are based on information available to us on the date hereof. We undertake no obligation to publicly update or revise any forward-looking statements whether as a result of new information, future events or otherwise.

SOURCE Royal Caribbean Group

WANT YOUR COMPANY’S NEWS FEATURED ON PRNEWSWIRE.COM?

icon3
440k+
Newsrooms &
Influencers

icon1
9k+
Digital Media
Outlets
icon2
270k+
Journalists
Opted In

Related news for (RCL)

NASDAQ and NYSE quotes and data are delayed 15 minutes unless indicated otherwise. Market data and exchange information are provided for informational purposes only and is not intended for trading purposes. Neither 24/7 Market News Editors, 247 Market News, or data and content providers shall be liable for any errors or omissions, delays, misquotes or other market information relayed in any press materials. You should Use Realtime data to conduct due diligence before investing or trading, and trading in any stock is risky you could lose all your money.