Royal Caribbean Cruises (RCL) Dividend History & Yield
Royal Caribbean Cruises (RCL) has increased its dividend for 2 consecutive years and currently yields 1.67%. The most recent dividend was $1.5000/share on Apr 3, 2026, paid Quarterly.
Current Yield
1.67%
TTM Dividend/Share
$4.25
Payment Frequency
Quarterly
Payout Ratio
25.9%
Consecutive Growth Years
2
Div Growth (1Y CAGR)
268.42%
Div Growth (5Y CAGR)
35.02%
Div Growth (10Y CAGR)
10.00%
Dividend health
Chowder score
36.7%
FCF payout ratio
19.8%
Net debt / EBITDA
3.0x
Interest coverage
5.02x
ROIC (TTM)
17.7%
Dividend Safety Score
5 out of 7 checks passed
Payout ratio below 75%
Payout ratio is 25.9%, well below the 75% threshold.
Free cash flow covers dividend
FCF/share ($4.56) covers dividend/share ($4.25).
No dividend cuts in 10+ years
1 dividend cut(s) in the last 10 years.
Positive earnings growth trend
Earnings per share have grown over the past 5 years.
10+ years of consecutive growth
Only 2 consecutive year(s) of dividend growth.
FCF payout ratio below 70%
FCF payout ratio is 19.8%, below the 70% threshold.
Net Debt/EBITDA below 3x
Net Debt/EBITDA is 3.0x.
Dividend growth ≤ earnings growth (5Y)
N/A — earnings base is negative, CAGR not computable.
Per-payment dividend history
Ex-date Jun 3, 2026
- Payment date
- Jul 2, 2026
- Dividend
- $1.5000
- Adj. dividend
- $1.5000
Ex-date Mar 6, 2026
- Payment date
- Apr 3, 2026
- Dividend
- $1.5000
- Adj. dividend
- $1.5000
Ex-date Dec 26, 2025
- Payment date
- Jan 14, 2026
- Dividend
- $1.0000
- Adj. dividend
- $1.0000
Ex-date Sep 25, 2025
- Payment date
- Oct 13, 2025
- Dividend
- $1.0000
- Adj. dividend
- $1.0000
Ex-date Jun 4, 2025
- Payment date
- Jul 3, 2025
- Dividend
- $0.7500
- Adj. dividend
- $0.7500
Ex-date Mar 7, 2025
- Payment date
- Apr 4, 2025
- Dividend
- $0.7500
- Adj. dividend
- $0.7500
Ex-date Dec 27, 2024
- Payment date
- Jan 13, 2025
- Dividend
- $0.5500
- Adj. dividend
- $0.5500
Ex-date Sep 20, 2024
- Payment date
- Oct 11, 2024
- Dividend
- $0.4000
- Adj. dividend
- $0.4000
Ex-date Mar 5, 2020
- Payment date
- Apr 6, 2020
- Dividend
- $0.7800
- Adj. dividend
- $0.7800
Ex-date Dec 19, 2019
- Payment date
- Jan 6, 2020
- Dividend
- $0.7800
- Adj. dividend
- $0.7800
Ex-date Sep 19, 2019
- Payment date
- Oct 11, 2019
- Dividend
- $0.7800
- Adj. dividend
- $0.7800
Ex-date Jun 3, 2019
- Payment date
- Jul 3, 2019
- Dividend
- $0.7000
- Adj. dividend
- $0.7000
| Ex-Date | Payment Date | Dividend | Adj. Dividend |
|---|---|---|---|
| Jun 3, 2026 | Jul 2, 2026 | $1.5000 | $1.5000 |
| Mar 6, 2026 | Apr 3, 2026 | $1.5000 | $1.5000 |
| Dec 26, 2025 | Jan 14, 2026 | $1.0000 | $1.0000 |
| Sep 25, 2025 | Oct 13, 2025 | $1.0000 | $1.0000 |
| Jun 4, 2025 | Jul 3, 2025 | $0.7500 | $0.7500 |
| Mar 7, 2025 | Apr 4, 2025 | $0.7500 | $0.7500 |
| Dec 27, 2024 | Jan 13, 2025 | $0.5500 | $0.5500 |
| Sep 20, 2024 | Oct 11, 2024 | $0.4000 | $0.4000 |
| Mar 5, 2020 | Apr 6, 2020 | $0.7800 | $0.7800 |
| Dec 19, 2019 | Jan 6, 2020 | $0.7800 | $0.7800 |
| Sep 19, 2019 | Oct 11, 2019 | $0.7800 | $0.7800 |
| Jun 3, 2019 | Jul 3, 2019 | $0.7000 | $0.7000 |
Historical Dividend Yield
Dividend Growth
Dividend Increase Track Record
Royal Caribbean Cruises has raised its total annual dividend (split-adjusted, by ex-dividend calendar year) versus the prior year for 2 consecutive years — the same figure as the "Consecutive Growth Years" card above.
| Year | Previous DPS | New DPS | Change |
|---|---|---|---|
| 2026 | $3.5000 | — | — |
| 2025 | $0.9500 | $3.5000 | +268.4% |
| 2024 | $0.7800 | $0.9500 | +21.8% |
| 2020 | $2.9600 | $0.7800 | -73.6% |
| 2019 | $2.6000 | $2.9600 | +13.8% |
| 2018 | $2.1600 | $2.6000 | +20.4% |
| 2017 | $1.7100 | $2.1600 | +26.3% |
| 2016 | $1.3500 | $1.7100 | +26.7% |
| 2015 | $1.1000 | $1.3500 | +22.7% |
| 2014 | $0.7400 | $1.1000 | +48.6% |
| 2013 | $0.4400 | $0.7400 | +68.2% |
| 2012 | $0.2000 | $0.4400 | +120.0% |
| 2011 | $0.4500 | $0.2000 | -55.6% |
| 2008 | $0.6000 | $0.4500 | -25.0% |
| 2007 | $0.6000 | $0.6000 | 0.0% |
| 2006 | $0.5600 | $0.6000 | +7.1% |
| 2005 | $0.5200 | $0.5600 | +7.7% |
| 2004 | $0.5200 | $0.5200 | 0.0% |
| 2003 | $0.5200 | $0.5200 | 0.0% |
| 2002 | $0.5200 | $0.5200 | 0.0% |
| 2001 | $0.4800 | $0.5200 | +8.3% |
| 2000 | $0.4910 | $0.4800 | -2.2% |
| 1999 | $0.3300 | $0.4910 | +48.8% |
| 1998 | $0.2900 | $0.3300 | +13.8% |
| 1997 | $0.2700 | $0.2900 | +7.4% |
| 1996 | $0.2325 | $0.2700 | +16.1% |
| 1995 | $0.2000 | $0.2325 | +16.3% |
| 1994 | — | $0.2000 | — |
DPS sums split-adjusted amounts (adj. dividend) by ex-dividend calendar year—the same basis as the Adj. Dividend column in Dividend Payment History. The Dividend column can differ after stock splits. This table uses four decimals per annual total so the Change column matches the shown amounts; each payment row in Dividend Payment History also uses four.
Cash dividends paid (USD) — TTM and history
Trailing-twelve-month and annual common dividends paid for Royal Caribbean Cruises (RCL) from the consolidated cash flow statement, in USD as filed.
Latest period
$962.00M
YoY change
+146.7%
5Y CAGR
-4.2%
Peak year (2019)
$602.67M
Latest annual
$264.00M
Cash dividends paid over time for Royal Caribbean Cruises (RCL)
Per-period cash dividends paid
Cash dividends paid annual + quarterly history for Royal Caribbean Cruises (RCL)
| Fiscal year | Period ended | Reported | Dividends Paid | YoY | YoY change |
|---|---|---|---|---|---|
| 2025 | $264.00M | +146.7% | +$157.00M | ||
| 2024 | $107.00M | — | +$107.00M | ||
| 2023 | $0 | — | $0 | ||
| 2022 | $0 | — | $0 | ||
| 2021 | $0 | -100.0% | -$326.42M | ||
| 2020 | $326.42M | -45.8% | -$276.25M | ||
| 2019 | $602.67M | +14.3% | +$75.18M | ||
| 2018 | $527.49M | +20.6% | +$90.04M | ||
| 2017 | $437.45M | +26.3% | +$90.97M | ||
| 2016 | $346.49M | +23.7% | +$66.28M | ||
| 2015 | $280.21M | +40.8% | +$81.26M | ||
| 2014 | $198.95M | +38.5% | +$55.32M | ||
| 2013 | $143.63M | +22.0% | +$25.92M | ||
| 2012 | $117.71M | +442.3% | +$96.00M | ||
| 2011 | $21.71M | — | +$21.71M | ||
| 2010 | $0 | — | $0 | ||
| 2009 | $0 | — | $0 | ||
| 2008 | $0 | — | $0 | ||
| 2007 | $0 | — | $0 | ||
| 2006 | $0 | — | $0 | ||
| 2005 | $0 | — | $0 | ||
| 2004 | $0 | — | $0 | ||
| 2003 | $0 | — | $0 | ||
| 2002 | $0 | — | $0 | ||
| 2001 | $0 | — | $0 | ||
| 2000 | $0 | — | $0 | ||
| 1999 | $0 | — | $0 | ||
| 1998 | $0 | — | $0 | ||
| 1997 | $0 | — | $0 | ||
| 1996 | $0 | — | $0 | ||
| 1995 | $0 | — | $0 | ||
| 1994 | $0 | — | $0 | ||
| 1993 | $0 | — | $0 | ||
| 1992 | $0 | — | $0 | ||
| 1991 | $0 | — | — |
The 2025 reading of Royal Caribbean Cruises (RCL) dividends paid is $264.00M – surged 146.7% year-over-year.
Looking at the 2020–2025 (5 years) stretch, Royal Caribbean Cruises dividends paid compounded at -4.2% per year, sustaining 2 straight years of year-over-year growth.
Royal Caribbean Cruises dividends paid peaked at $602.67M in 2019; the latest annual figure is $264.00M in 2025 (56.2% below peak).
2019 marks the peak dividends paid at $602.67M, with the historical low of $0 recorded in 1991.
Among 8 Consumer Cyclical peers, Royal Caribbean Cruises (RCL) ranks 6th; the peer median for dividends paid is $2.24B.
Royal Caribbean Cruises Dividends Paid 2025: $264.00M
Royal Caribbean Cruises dividends paid in 2025 was $264.00M, surged 146.7% from 2024.
Royal Caribbean Cruises Dividends Paid 2024: $107.00M
Royal Caribbean Cruises dividends paid in 2024 was $107.00M.
Royal Caribbean Cruises Dividends Paid 2023: $0
Royal Caribbean Cruises dividends paid in 2023 was $0.
Royal Caribbean Cruises Dividends Paid 2022: $0
Royal Caribbean Cruises dividends paid in 2022 was $0.
Royal Caribbean Cruises Dividends Paid 2021: $0
Royal Caribbean Cruises dividends paid in 2021 was $0.
See more financial history for Royal Caribbean Cruises (RCL).
Sector peers by dividends paid
Companies in the same sector as Royal Caribbean Cruises, ranked by their latest dividends paid.
| Company | Dividends Paid | Sector |
|---|---|---|
| Alibaba (BABA) | $29.31B | Consumer Cyclical |
| Home Depot (HD) | $9.15B | Consumer Cyclical |
| McDonald's (MCD) | $5.12B | Consumer Cyclical |
| Lowe's Companies (LOW) | $2.64B | Consumer Cyclical |
| TJX Companies (TJX) | $1.84B | Consumer Cyclical |
| Amazon (AMZN) | $0 | Consumer Cyclical |
| Tesla (TSLA) | $0 | Consumer Cyclical |
| PDD Holdings (PDD) | $0 | Consumer Cyclical |
Frequently asked questions
Does Royal Caribbean Cruises pay dividends?
Yes, Royal Caribbean Cruises (RCL) pays quarterly dividends of approximately $4.25 per share annually, yielding 1.67%.
What is Royal Caribbean Cruises's dividend yield?
Royal Caribbean Cruises (RCL) has a current dividend yield of 1.67%.
Is Royal Caribbean Cruises's dividend safe?
Royal Caribbean Cruises (RCL) passes 5 out of 7 dividend safety checks. See the detailed breakdown above for each criterion.
How many consecutive years has Royal Caribbean Cruises increased its dividend?
Royal Caribbean Cruises (RCL) has 2 consecutive years of dividend increases.
What is Royal Caribbean Cruises's dividend payout ratio?
Royal Caribbean Cruises (RCL) has a dividend payout ratio of 25.9%. Trailing twelve months (GAAP): adjusted dividends over roughly 12 months aligned with the latest reported quarter, divided by the sum of diluted EPS from the last four fiscal quarters (not NII or taxable income for BDCs/REITs).
What is Royal Caribbean Cruises's dividends paid?
Latest reported dividends paid for Royal Caribbean Cruises (RCL) is $962.00M (period ending March 31, 2026).
How has Royal Caribbean Cruises dividends paid changed year-over-year?
Royal Caribbean Cruises (RCL) dividends paid changed +146.7% year-over-year on the latest annual filing.
What is the long-term growth rate of Royal Caribbean Cruises dividends paid?
Royal Caribbean Cruises (RCL) dividends paid compound annual growth rate is -4.2% over the most recent 5 years available.
When did Royal Caribbean Cruises dividends paid hit its highest annual value?
Royal Caribbean Cruises dividends paid reached its highest annual value of $602.67M in 2019.
What was Royal Caribbean Cruises dividends paid in 2024?
Royal Caribbean Cruises (RCL) dividends paid in 2024 was $107.00M.
What was Royal Caribbean Cruises dividends paid in 2025?
Royal Caribbean Cruises (RCL) dividends paid in 2025 was $264.00M.
Explore more
RCL Overview
Company profile, financial tools, and key metrics
RCL Revenue Counter
Earns $583.08 every second. See per minute, hour, and day.
RCL Earnings Counter
Earns $142.19 per second net profit. See per minute, hour, and day.
RCL Economic Scale
Exceeds Moldova's GDP. Compare with world economies.
RCL What If Invested
What if you had invested $1,000? See historical returns from any date.
RCL How It Makes Money
Discover visual breakdown of $18.39B in revenue — where it comes from and where it goes.
RCL Stock Seasonality
Best and worst months to invest. Historical monthly returns heatmap.
RCL Price Target Scenarios
Model bear, base, and bull cases with EPS growth and exit P/E — pre-filled from analysts and history.
RCL Daily Price Character
Explosive · 49.0% historical win rate (green days). Streaks & record days.
RCL Buybacks
2.36% TTM buyback yield. Shareholder yield & SBC comparison.
RCL Stock Split History
1 split on record. Dates, ratios, and cumulative multiple.
RCL Dividend Calculator
How much dividend income would $1,000 have earned? Calculate from any date.
RCL Dividend Forecast
Project future income with DRIP, growth assumptions, and optional monthly contributions.
RCL Dividend Capture
Historical pre-ex touch stats, gap distribution, after-tax calculator, and a backtest simulator (limit-order vs MOC exit).
RCL Financials
Revenue, EPS, EBITDA, market cap, debt and balance sheet history with annual and quarterly data.