Royal Caribbean Cruises has continued the steady increase of its dividend and bumped up its latest quarterly payout to investors.
New York-listed RCL has declared a $0.70 per share dividend, which it says reflects efforts to increase shareholder returns.
The company behind the Royal Caribbean International, Celebrity Cruises, Azamara Club Cruises and Silversea Cruises brands has been paying $0.60 per share for the past four quarters.
RCL has been inching up the payments since early 2016 when shareholders were getting $0.375 per share.
Shares in the cruise company, which has a market capitalization of $25.9bn, closed up over 3% at $124.04 each in New York yesterday.
Arne Wilhelmsen is the largest shareholder in Royal Caribbean, ahead of the Vanguard Group, Eyal Ofer’s Osisis Holding and Blackrock.
Other major stakeholders include T Rowe Price, FMR and State Street Corp, according to Bloomberg data.
