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.


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The article Royal Caribbean to Pay $0.12 Quarterly Dividend originally appeared on Fool.com.

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