Royal Caribbean Cruises (RCL) Dividend History & Yield
Royal Caribbean Cruises (RCL) has increased its dividend for 2 consecutive years and currently yields 1.55%. The most recent payment was $1.5000/share on Mar 6, 2026, paid Quarterly.
Current Yield
1.55%
TTM Dividend/Share
$4.25
Payment Frequency
Quarterly
Payout Ratio
6.2%
Consecutive Growth Years
2
Div Growth (1Y CAGR)
268.42%
Div Growth (5Y CAGR)
35.02%
Div Growth (10Y CAGR)
10.00%
Dividend Safety Score
3 out of 5 checks passed
Payout ratio below 75%
Payout ratio is 6.2%, 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.
Dividend Payment History
Yield values are for each row's ex-date, not today's live yield.
Ex-date Mar 6, 2026
- Payment date
- Apr 3, 2026
- Dividend
- $1.5000
- Adj. dividend
- $1.5000
- Yield (ex-date)
- 1.53%
Ex-date Dec 26, 2025
- Payment date
- Jan 14, 2026
- Dividend
- $1.0000
- Adj. dividend
- $1.0000
- Yield (ex-date)
- 1.23%
Ex-date Sep 25, 2025
- Payment date
- Oct 13, 2025
- Dividend
- $1.0000
- Adj. dividend
- $1.0000
- Yield (ex-date)
- 0.94%
Ex-date Jun 4, 2025
- Payment date
- Jul 3, 2025
- Dividend
- $0.7500
- Adj. dividend
- $0.7500
- Yield (ex-date)
- 0.92%
Ex-date Mar 7, 2025
- Payment date
- Apr 4, 2025
- Dividend
- $0.7500
- Adj. dividend
- $0.7500
- Yield (ex-date)
- 0.79%
Ex-date Dec 27, 2024
- Payment date
- Jan 13, 2025
- Dividend
- $0.5500
- Adj. dividend
- $0.5500
- Yield (ex-date)
- 0.41%
Ex-date Sep 20, 2024
- Payment date
- Oct 11, 2024
- Dividend
- $0.4000
- Adj. dividend
- $0.4000
- Yield (ex-date)
- 0.23%
Ex-date Mar 5, 2020
- Payment date
- Apr 6, 2020
- Dividend
- $0.7800
- Adj. dividend
- $0.7800
- Yield (ex-date)
- 4.62%
Ex-date Dec 19, 2019
- Payment date
- Jan 6, 2020
- Dividend
- $0.7800
- Adj. dividend
- $0.7800
- Yield (ex-date)
- 2.33%
Ex-date Sep 19, 2019
- Payment date
- Oct 11, 2019
- Dividend
- $0.7800
- Adj. dividend
- $0.7800
- Yield (ex-date)
- 2.56%
Ex-date Jun 3, 2019
- Payment date
- Jul 3, 2019
- Dividend
- $0.7000
- Adj. dividend
- $0.7000
- Yield (ex-date)
- 2.32%
Ex-date Mar 6, 2019
- Payment date
- Apr 5, 2019
- Dividend
- $0.7000
- Adj. dividend
- $0.7000
- Yield (ex-date)
- 2.31%
| Ex-Date | Payment Date | Dividend | Adj. Dividend | Yield (ex-date) |
|---|---|---|---|---|
| Mar 6, 2026 | Apr 3, 2026 | $1.5000 | $1.5000 | 1.53% |
| Dec 26, 2025 | Jan 14, 2026 | $1.0000 | $1.0000 | 1.23% |
| Sep 25, 2025 | Oct 13, 2025 | $1.0000 | $1.0000 | 0.94% |
| Jun 4, 2025 | Jul 3, 2025 | $0.7500 | $0.7500 | 0.92% |
| Mar 7, 2025 | Apr 4, 2025 | $0.7500 | $0.7500 | 0.79% |
| Dec 27, 2024 | Jan 13, 2025 | $0.5500 | $0.5500 | 0.41% |
| Sep 20, 2024 | Oct 11, 2024 | $0.4000 | $0.4000 | 0.23% |
| Mar 5, 2020 | Apr 6, 2020 | $0.7800 | $0.7800 | 4.62% |
| Dec 19, 2019 | Jan 6, 2020 | $0.7800 | $0.7800 | 2.33% |
| Sep 19, 2019 | Oct 11, 2019 | $0.7800 | $0.7800 | 2.56% |
| Jun 3, 2019 | Jul 3, 2019 | $0.7000 | $0.7000 | 2.32% |
| Mar 6, 2019 | Apr 5, 2019 | $0.7000 | $0.7000 | 2.31% |
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.
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 1.55%.
What is Royal Caribbean Cruises's dividend yield?
- Royal Caribbean Cruises (RCL) has a current dividend yield of 1.55%.
Is Royal Caribbean Cruises's dividend safe?
- Royal Caribbean Cruises (RCL) passes 3 out of 5 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 6.2%.