Royal Caribbean Cruises Ltd. (RCL) to Issue Quarterly Dividend of $0.55 on January 13th

Royal Caribbean Cruises Ltd. (NYSE:RCL) announced a quarterly dividend on Wednesday, December 11th,RTT News reports. Shareholders of record on Friday, December 27th will be paid a dividend of 0.55 per share on Monday, January 13th. This represents a $2.20 dividend on an annualized basis and a yield of 0.90%. The ex-dividend date of this dividend is Friday, December 27th.

Royal Caribbean Cruises has a payout ratio of 11.1% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Royal Caribbean Cruises to earn $14.42 per share next year, which means the company should continue to be able to cover its $1.60 annual dividend with an expected future payout ratio of 11.1%.

Royal Caribbean Cruises Stock Down 0.6 %

Shares of NYSE RCL opened at $244.16 on Friday. The company has a debt-to-equity ratio of 2.63, a current ratio of 0.19 and a quick ratio of 0.16. The company has a 50-day moving average price of $219.63 and a 200-day moving average price of $180.79. The stock has a market capitalization of $65.65 billion, a P/E ratio of 25.09, a P/E/G ratio of 0.65 and a beta of 2.59. Royal Caribbean Cruises has a 1 year low of $113.10 and a 1 year high of $258.70.

Royal Caribbean Cruises (NYSE:RCL) last issued its quarterly earnings data on Tuesday, October 29th. The company reported $5.20 EPS for the quarter, topping analysts’ consensus estimates of $5.05 by $0.15. The firm had revenue of $4.89 billion during the quarter, compared to analyst estimates of $4.89 billion. Royal Caribbean Cruises had a return on equity of 52.92% and a net margin of 16.21%. The company’s revenue for the quarter was up 17.5% on a year-over-year basis. During the same period in the previous year, the company posted $3.85 EPS. On average, equities research analysts forecast that Royal Caribbean Cruises will post 11.65 EPS for the current fiscal year.

Insider Activity

In other Royal Caribbean Cruises news, Director Arne Alexander Wilhelmsen sold 230,000 shares of Royal Caribbean Cruises stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $233.62, for a total transaction of $53,732,600.00. Following the completion of the sale, the director now directly owns 18,556,860 shares in the company, valued at $4,335,253,633.20. The trade was a 1.22 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Harri U. Kulovaara sold 3,256 shares of Royal Caribbean Cruises stock in a transaction on Wednesday, November 20th. The stock was sold at an average price of $234.62, for a total transaction of $763,922.72. Following the sale, the executive vice president now directly owns 22,348 shares of the company’s stock, valued at $5,243,287.76. This represents a 12.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 404,332 shares of company stock worth $94,299,521 over the last ninety days. Company insiders own 7.95% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on RCL. Truist Financial upped their target price on shares of Royal Caribbean Cruises from $204.00 to $272.00 and gave the stock a “buy” rating in a research note on Monday, December 2nd. Barclays boosted their target price on Royal Caribbean Cruises from $244.00 to $245.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 30th. Citigroup lifted their price target on Royal Caribbean Cruises from $257.00 to $283.00 and gave the stock a “buy” rating in a report on Wednesday. Wells Fargo & Company upped their price objective on Royal Caribbean Cruises from $180.00 to $232.00 and gave the company an “overweight” rating in a research note on Wednesday, October 30th. Finally, Macquarie increased their price target on shares of Royal Caribbean Cruises from $189.00 to $250.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Three equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $237.13.

About Royal Caribbean Cruises

Royal Caribbean Cruises Ltd. operates as a cruise company worldwide. The company operates cruises under the Royal Caribbean International, Celebrity Cruises, and Silversea Cruises brands, which comprise a range of itineraries. As of February 21, 2024, it operated 65 ships. Royal Caribbean Cruises Ltd.