Royal Caribbean Cruises Ltd. (NYSE:RCL) Plans $1.50 Quarterly Dividend

Royal Caribbean Cruises Ltd. (NYSE:RCL) announced a quarterly dividend of $1.50 per share, payable on October 8th to shareholders of record by September 17th. This dividend annualizes to $6.00 per share, representing a 2.2% yield, and is well-covered by the company's earnings with a payout ratio of 33.9%. Analysts maintain a "Moderate Buy" consensus rating for RCL, with an average price target of $353.40.