Royal Caribbean Cruises (RCL) dividend history and yield
Dividend summary
- Frequency
- Quarterly
- Trailing 12 months
- $5.50
- Forward yield
- 2.00%
- Payout ratio
- 33.6%
Royal Caribbean pays a quarterly dividend of $1.50 per share. Its latest declared payment went ex-dividend on September 17, 2026 and is scheduled to be paid on October 8, 2026. Over the trailing twelve months, it paid $5.50 per share, a yield of about 1.98% at a share price of $277.74.
The table shows two payments of $0.78 in December 2019 and March 2020, then none until September 2024, when payments resumed at $0.40 per share. Since then the rate has risen quickly. It went to $0.55 with the December 2024 payment, $0.75 in March 2025, $1.00 in September 2025 and $1.50 in March 2026. Each raise was large, between about 33% and 50%, and the latest was the biggest. The raises have not followed a fixed calendar so far, landing on December, March and September payments. In all, the quarterly rate is about 3.75 times the $0.40 paid when payments resumed. Payments by calendar year rose from $3.50 in 2025 to $4.50 so far in 2026. The source lists no growth streak.
If the pattern holds, the payment after October's would go ex-dividend in late December 2026 and be paid in mid-January 2027.
Dividend per share by year
Dividend history
| Declared | Ex-dividend date | Pay date | Amount |
|---|---|---|---|
| Sep 1, 2026 | Sep 17, 2026 | Oct 8, 2026 | $1.50 |
| May 5, 2026 | Jun 3, 2026 | Jul 2, 2026 | $1.50 |
| Feb 10, 2026 | Mar 6, 2026 | Apr 3, 2026 | $1.50 |
| Dec 10, 2025 | Dec 26, 2025 | Jan 14, 2026 | $1.00 |
| Sep 10, 2025 | Sep 25, 2025 | Oct 13, 2025 | $1.00 |
| May 6, 2025 | Jun 4, 2025 | Jul 3, 2025 | $0.75 |
| Feb 12, 2025 | Mar 7, 2025 | Apr 4, 2025 | $0.75 |
| Dec 11, 2024 | Dec 27, 2024 | Jan 13, 2025 | $0.55 |
| Jul 25, 2024 | Sep 20, 2024 | Oct 11, 2024 | $0.40 |
| Feb 20, 2020 | Mar 5, 2020 | Apr 6, 2020 | $0.78 |
| Dec 5, 2019 | Dec 19, 2019 | Jan 6, 2020 | $0.78 |
Frequently asked questions
Does Royal Caribbean Cruises (RCL) pay a dividend?
Yes. Royal Caribbean Cruises pays a quarterly dividend; the most recent payment was $1.50 per share.
What is RCL's dividend yield?
Royal Caribbean Cruises paid $5.50 per share over the trailing twelve months, a yield of 2.00% at the last price of $275.46. Click here to learn more
When is RCL's most recent ex-dividend date?
Royal Caribbean Cruises's most recent ex-dividend date is Sep 17, 2026, payable on Oct 8, 2026.
What is the difference between ex and payment dates?
An ex-date is the cutoff day for ownership, the payment date is when the distribution actually happens. Click here to learn more
Dividend amounts and dates are supplied by third parties and may be revised. Declaring, raising, cutting or suspending a dividend is entirely at the issuer’s discretion, and scheduled dates are estimates until declared. A past record of payments does not mean future payments will be made. Nothing here suggests trading around a distribution.
This page is for informational purposes only. Nothing on it is a recommendation, solicitation or offer to buy or sell any security, nor investment, legal or tax advice. Light Horse Securities Inc does not verify third-party data and is not responsible for its accuracy, completeness or timeliness.