Cruise ship operator Royal Caribbean Cruises yesterday announced its second-quarter dividend of $0.12 per share, the same rate it paid for the past three quarters after raising the payout from $0.10 per share.
The board of directors said the quarterly dividend is payable on June 4 to holders of record at the close of business on May 21. Royal Caribbean first began paying a dividend in 1996 and had increased the payout to $0.15 in 2008, when it suspended it. It was reinstated in 2011 at $0.10 and raised to its current rate in September 2012.
The regular dividend payment equates to a $0.48-per-share annual dividend yielding 1.3% based on the closing price of Royal Caribbean Cruises' stock on May 8.
The article Royal Caribbean to Pay $0.12 Quarterly Dividend originally appeared on Fool.com.Fool contributor Rich Duprey has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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