Royal Caribbean Cruises Ltd. (RCL)
Royal Caribbean Cruises Ltd. (RCL) Dividend Payout Ratio: 30.50%
Is Royal Caribbean Cruises Ltd.’s dividend payout ratio high or low?
Royal Caribbean Cruises Ltd.'s dividend payout ratio of 30.50% is 74% above its 2-year average of 17.58%, near the high end of its 2-year range (4.11%–35.09%).
As of Thursday, June 25, 2026. 32.80% above its 12-month average of 22.97%.
Dividend Payout Ratio (30.50%) = TTM Dividends/Share ($5.00) / TTM EPS ($16.39)
RCL Dividend Payout Ratio
RCL Dividend Payout Ratio Chart
30.50%
+49.62% 1Y
RCL Dividend Payout Ratio
RCL Average Dividend Payout Ratio Chart
RCL Dividend Payout Ratio
RCL Current vs Average Dividend Payout Ratio Chart
RCL Dividend Payout Ratio Metrics
DIVIDEND PAYOUT RATIO
30.50%
DIVIDEND PAYOUT RATIO AVG TTM
22.97%
DIVIDEND PAYOUT RATIO AVG 3Y
17.58%
DIVIDEND PAYOUT RATIO AVG 5Y
17.58%
DIVIDEND PAYOUT RATIO AVG 10Y
28.50%
DIVIDEND PAYOUT RATIO AVG 15Y
28.02%
DIVIDEND PAYOUT RATIO AVG 20Y
22.69%
CURRENT VS TTM AVG
+32.80%
CURRENT VS 3Y AVG
+73.54%
CURRENT VS 5Y AVG
+73.54%
CURRENT VS 10Y AVG
+7.01%
CURRENT VS 15Y AVG
+8.86%
CURRENT VS 20Y AVG
+34.41%
Annual Payout Ratio History
| Year | EPS | Dividend | Payout Ratio |
|---|---|---|---|
| 2025 | $15.73 | $3.50 | 22.3% |
| 2024 | $11.00 | $0.95 | 8.6% |
| 2023 | $6.63 | $0.00 | 0.0% |
| 2022 | ($8.45) | $0.00 | N/A (Loss) |
| 2021 | ($20.89) | $0.00 | N/A (Loss) |
| 2020 | ($27.05) | $0.78 | N/A (Loss) |
| 2019 | $8.97 | $2.96 | 33.0% |
| 2018 | $8.60 | $2.60 | 30.2% |
| 2017 | $7.57 | $2.16 | 28.5% |
| 2016 | $5.96 | $1.71 | 28.7% |
| 2015 | $3.03 | $1.35 | 44.6% |
| 2014 | $3.45 | $1.10 | 31.9% |
| 2013 | $2.16 | $0.74 | 34.3% |
| 2012 | $0.08 | $0.44 | 550.0% |
| 2011 | $2.80 | $0.20 | 7.1% |
| 2010 | $2.55 | $0.00 | 0.0% |
| 2009 | $0.76 | $0.00 | 0.0% |
| 2008 | $2.69 | $0.45 | 16.7% |
| 2007 | $2.84 | $0.60 | 21.1% |
| 2006 | $3.01 | $0.60 | 19.9% |
| 2005 | $3.47 | $0.56 | 16.1% |
| 2004 | $2.39 | $0.52 | 21.8% |
| 2003 | $1.45 | $0.52 | 35.9% |
| 2002 | $1.82 | $0.52 | 28.6% |
| 2001 | $1.32 | $0.52 | 39.4% |
| 2000 | $2.34 | $0.48 | 20.5% |
| 1999 | $2.15 | $0.49 | 22.8% |
| 1998 | $1.90 | $0.33 | 17.4% |
| 1997 | $1.16 | $0.29 | 25.0% |
| 1996 | $1.19 | $0.27 | 22.7% |
Royal Caribbean Cruises Ltd. Dividend Payout Ratio Formula & Definition
The payout ratio shows the share of trailing-12-month earnings paid out as dividends. Lower leaves more room to grow the dividend; a ratio persistently above 100% means dividends exceed earnings.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
Royal Caribbean Cruises Ltd. Dividend Payout Ratio FAQ
- What is the dividend payout ratio for Royal Caribbean Cruises Ltd. (RCL)?
- The dividend payout ratio for RCL stock is 30.50%.
- Is Royal Caribbean Cruises Ltd.'s dividend payout ratio high or low?
- Royal Caribbean Cruises Ltd.'s dividend payout ratio of 30.50% is 74% above its 2-year average of 17.58%, near the high end of its 2-year range (4.11%–35.09%).
- What is the TTM average dividend payout ratio for Royal Caribbean Cruises Ltd. (RCL)?
- The TTM average dividend payout ratio for RCL stock is 22.97%.
- What is the 3Y average dividend payout ratio for Royal Caribbean Cruises Ltd. (RCL)?
- The 3Y average dividend payout ratio for RCL stock is 17.58%.
- What is the 5Y average dividend payout ratio for Royal Caribbean Cruises Ltd. (RCL)?
- The 5Y average dividend payout ratio for RCL stock is 17.58%.
- What is the 10Y average dividend payout ratio for Royal Caribbean Cruises Ltd. (RCL)?
- The 10Y average dividend payout ratio for RCL stock is 28.50%.
- What is the 15Y average dividend payout ratio for Royal Caribbean Cruises Ltd. (RCL)?
- The 15Y average dividend payout ratio for RCL stock is 28.02%.
- What is the 20Y average dividend payout ratio for Royal Caribbean Cruises Ltd. (RCL)?
- The 20Y average dividend payout ratio for RCL stock is 22.69%.
Royal Caribbean Cruises Ltd. Dividend Payout Ratio History
| DATE | DIVIDEND PAYOUT RATIO |
|---|---|
| 2026-06-24 | 30.50% |
| 2026-06-22 | 30.50% |
| 2026-06-17 | 30.50% |
| 2026-06-15 | 30.51% |
| 2026-06-11 | 30.51% |
| 2026-06-09 | 30.50% |
| 2026-06-05 | 30.50% |
| 2026-06-03 | 35.09% |
| 2026-06-01 | 25.94% |
| 2026-05-28 | 25.93% |
| 2026-05-26 | 25.92% |
| 2026-05-21 | 25.93% |
| 2026-05-19 | 25.93% |
| 2026-05-15 | 25.93% |
| 2026-05-13 | 25.93% |
| 2026-05-11 | 25.92% |
| 2026-05-07 | 25.94% |
| 2026-05-05 | 25.94% |
| 2026-05-01 | 25.93% |
| 2026-04-29 | 27.22% |
| 2026-04-27 | 27.23% |
| 2026-04-23 | 27.22% |
| 2026-04-21 | 27.22% |
| 2026-04-17 | 27.23% |
| 2026-04-15 | 27.23% |
| 2026-04-13 | 27.22% |
| 2026-04-09 | 27.22% |
| 2026-04-07 | 27.23% |
| 2026-04-02 | 27.23% |
| 2026-03-31 | 27.23% |
| 2026-03-27 | 27.22% |
| 2026-03-25 | 27.22% |
| 2026-03-23 | 27.23% |
| 2026-03-19 | 27.22% |
| 2026-03-17 | 27.22% |
| 2026-03-13 | 27.23% |
| 2026-03-11 | 27.22% |
| 2026-03-09 | 27.22% |
| 2026-03-05 | 22.42% |
| 2026-03-03 | 22.42% |
| 2026-02-27 | 22.42% |
| 2026-02-25 | 22.42% |
| 2026-02-23 | 22.42% |
| 2026-02-19 | 22.42% |
| 2026-02-17 | 22.42% |
| 2026-02-12 | 22.42% |
| 2026-02-10 | 23.57% |
| 2026-02-06 | 23.56% |
| 2026-02-04 | 23.57% |
| 2026-02-02 | 23.56% |
| 2026-01-29 | 23.57% |
| 2026-01-27 | 23.57% |
| 2026-01-23 | 23.57% |
| 2026-01-21 | 23.58% |
| 2026-01-16 | 23.57% |
| 2026-01-14 | 23.57% |
| 2026-01-12 | 23.57% |
| 2026-01-08 | 23.56% |
| 2026-01-06 | 23.57% |
| 2026-01-02 | 23.56% |
| 2025-12-30 | 23.57% |
| 2025-12-26 | 27.28% |
| 2025-12-23 | 20.54% |
| 2025-12-19 | 20.54% |
| 2025-12-17 | 20.53% |
| 2025-12-15 | 20.54% |
| 2025-12-11 | 20.54% |
| 2025-12-09 | 20.54% |
| 2025-12-05 | 20.54% |
| 2025-12-03 | 20.54% |
| 2025-12-01 | 20.54% |
| 2025-11-26 | 20.54% |
| 2025-11-24 | 20.54% |
| 2025-11-20 | 20.54% |
| 2025-11-18 | 20.54% |
| 2025-11-14 | 20.54% |
| 2025-11-12 | 20.54% |
| 2025-11-10 | 20.53% |
| 2025-11-06 | 20.54% |
| 2025-11-04 | 20.54% |
| 2025-10-31 | 20.54% |
| 2025-10-29 | 20.54% |
| 2025-10-27 | 22.89% |
| 2025-10-23 | 22.90% |
| 2025-10-21 | 22.90% |
| 2025-10-17 | 22.90% |
| 2025-10-15 | 22.90% |
| 2025-10-13 | 22.90% |
| 2025-10-09 | 22.90% |
| 2025-10-07 | 22.90% |
| 2025-10-03 | 22.90% |
| 2025-10-01 | 22.90% |
| 2025-09-29 | 22.90% |
| 2025-09-25 | 22.89% |
| 2025-09-23 | 15.39% |
| 2025-09-19 | 18.39% |
| 2025-09-17 | 18.39% |
| 2025-09-15 | 18.39% |
| 2025-09-11 | 18.39% |
| 2025-09-09 | 18.39% |
| 2025-09-05 | 18.40% |
| 2025-09-03 | 18.39% |
| 2025-08-29 | 18.39% |
| 2025-08-27 | 18.40% |
| 2025-08-25 | 18.39% |
| 2025-08-21 | 18.39% |
| 2025-08-19 | 18.39% |
| 2025-08-15 | 18.39% |
| 2025-08-13 | 18.39% |
| 2025-08-11 | 18.40% |
| 2025-08-07 | 18.40% |
| 2025-08-05 | 18.40% |
| 2025-08-01 | 18.39% |
| 2025-07-30 | 18.39% |
| 2025-07-28 | 20.38% |
| 2025-07-24 | 20.38% |
| 2025-07-22 | 20.39% |
| 2025-07-18 | 20.39% |
| 2025-07-16 | 20.38% |
| 2025-07-14 | 20.39% |
| 2025-07-10 | 20.38% |
| 2025-07-08 | 20.38% |
| 2025-07-03 | 20.38% |
| 2025-07-01 | 20.38% |
| 2025-06-27 | 20.38% |
| 2025-06-25 | 20.39% |
| 2025-06-23 | 20.38% |
| 2025-06-18 | 20.38% |
| 2025-06-16 | 20.38% |
| 2025-06-12 | 20.39% |
| 2025-06-10 | 20.38% |
| 2025-06-06 | 20.38% |
| 2025-06-04 | 20.38% |
| 2025-06-02 | 14.14% |
| 2025-05-29 | 14.14% |
| 2025-05-27 | 14.14% |
| 2025-05-22 | 14.14% |
| 2025-05-20 | 14.14% |
| 2025-05-16 | 14.14% |
| 2025-05-14 | 14.14% |
| 2025-05-12 | 14.14% |
| 2025-05-08 | 14.14% |
| 2025-05-06 | 14.14% |
| 2025-05-02 | 14.14% |
| 2025-04-30 | 14.14% |
| 2025-04-28 | 15.93% |
| 2025-04-24 | 15.93% |
| 2025-04-22 | 15.93% |
| 2025-04-17 | 15.93% |
| 2025-04-15 | 15.93% |
| 2025-04-11 | 15.94% |
| 2025-04-09 | 15.94% |
| 2025-04-07 | 15.93% |
| 2025-04-03 | 15.93% |
| 2025-04-01 | 15.94% |
| 2025-03-28 | 15.93% |
| 2025-03-26 | 15.94% |
| 2025-03-24 | 15.93% |
| 2025-03-20 | 15.93% |
| 2025-03-18 | 15.93% |
| 2025-03-14 | 15.93% |
| 2025-03-12 | 15.93% |
| 2025-03-10 | 15.93% |
| 2025-03-06 | 8.90% |
| 2025-03-04 | 8.90% |
| 2025-02-28 | 8.90% |
| 2025-02-26 | 8.90% |
| 2025-02-24 | 8.90% |
| 2025-02-20 | 8.90% |
| 2025-02-18 | 8.90% |
| 2025-02-13 | 9.76% |
| 2025-02-11 | 9.76% |
| 2025-02-07 | 9.76% |
| 2025-02-05 | 9.76% |
| 2025-02-03 | 9.76% |
| 2025-01-30 | 9.76% |
| 2025-01-28 | 9.76% |
| 2025-01-24 | 9.76% |
| 2025-01-22 | 9.76% |
| 2025-01-17 | 9.76% |
| 2025-01-15 | 9.76% |
| 2025-01-13 | 9.76% |
| 2025-01-08 | 9.76% |
| 2025-01-06 | 9.76% |
| 2025-01-02 | 9.76% |
| 2024-12-30 | 9.76% |
| 2024-12-26 | 4.11% |
| 2024-12-23 | 4.11% |
| 2024-12-19 | 4.11% |
| 2024-12-17 | 4.11% |
| 2024-12-13 | 4.11% |
| 2024-12-11 | 4.11% |
| 2024-12-09 | 4.11% |
| 2024-12-05 | 4.11% |
| 2024-12-03 | 4.11% |
| 2024-11-29 | 4.11% |
| 2024-11-26 | 4.11% |
| 2024-11-22 | 4.11% |
| 2024-11-20 | 4.11% |
| 2024-11-18 | 4.11% |
| 2024-11-14 | 4.11% |
| 2024-11-12 | 4.11% |
| 2024-11-08 | 4.11% |
| 2024-11-06 | 4.11% |
| 2024-11-04 | 4.11% |
| 2024-10-31 | 4.11% |
| 2024-10-29 | 4.11% |
| 2024-10-25 | 4.36% |
| 2024-10-23 | 4.36% |
| 2024-10-21 | 4.36% |
| 2024-10-17 | 4.36% |
| 2024-10-15 | 4.36% |
| 2024-10-11 | 4.36% |
| 2024-10-09 | 4.36% |
| 2024-10-07 | 4.36% |
| 2024-10-03 | 4.36% |
| 2024-10-01 | 4.36% |
| 2024-09-27 | 4.36% |
| 2024-09-25 | 4.36% |
| 2024-09-23 | 4.36% |
| 2020-08-06 | 278.56% |
| 2020-08-04 | 278.58% |
| 2020-07-31 | 278.58% |
| 2020-07-29 | 278.55% |
| 2020-07-27 | 278.57% |
| 2020-07-23 | 278.57% |
| 2020-07-21 | 278.58% |
| 2020-07-17 | 278.56% |
| 2020-07-15 | 278.59% |
| 2020-07-13 | 278.59% |
| 2020-07-09 | 278.60% |
| 2020-07-07 | 278.58% |
| 2020-07-02 | 278.57% |
| 2020-06-30 | 278.57% |
| 2020-06-26 | 278.57% |
| 2020-06-24 | 278.58% |
| 2020-06-22 | 278.58% |
| 2020-06-18 | 278.55% |
| 2020-06-16 | 278.55% |
| 2020-06-12 | 278.56% |
| 2020-06-10 | 278.56% |
| 2020-06-08 | 278.58% |
| 2020-06-04 | 278.58% |
| 2020-06-02 | 278.59% |
| 2020-05-29 | 361.90% |
| 2020-05-27 | 361.90% |
| 2020-05-22 | 361.92% |
| 2020-05-20 | 34.03% |
| 2020-05-18 | 34.02% |
| 2020-05-14 | 33.99% |
| 2020-05-12 | 33.96% |
| 2020-05-08 | 34.04% |
| 2020-05-06 | 34.01% |
| 2020-05-04 | 34.02% |
| 2020-04-30 | 33.99% |
| 2020-04-28 | 33.99% |
| 2020-04-24 | 34.00% |
| 2020-04-22 | 33.97% |
| 2020-04-20 | 34.04% |
| 2020-04-16 | 33.97% |
Showing the most recent 260 of 1,997 data points. The chart above shows the full history.
About Royal Caribbean Cruises Ltd.
Royal Caribbean Cruises Ltd. is a prominent global operator within the cruise sector. The company manages several well-known cruise lines, such as Royal Caribbean International, Celebrity Cruises, Azamara, and Silversea Cruises. Through these brands, it offers a wide array of voyages that call upon approximately 1,000 different destinations across the globe. As of February 25, 2022, its expansive fleet comprised 61 vessels. Established in 1968, the company's corporate headquarters are situated in Miami, Florida.
- Sector
- Consumer Cyclical
- Industry
- Travel Services
- CEO
- Jason T. Liberty