Royal Caribbean Cruises Ltd.
RCLConsumer Cyclical · Stock · quarterly payer
Forward Yield
2.44%
Annual Dividend
$6.00
Payout Ratio
31%
5-Yr Growth
2.3%
Ex-Date
Sep 17, 2026
Frequency
Quarterly
Summary
As of September 2026, Royal Caribbean Cruises Ltd. (RCL) yields 2.44% ($6.00 per share annually), with a blended fair-value estimate of $307.39 — +25% upside, so it screens as undervalued. Dividend safety grade: C (57/100). 1 years of dividend growth.
Is RCL a good dividend stock?
MixedRoyal Caribbean Cruises Ltd. (RCL) pays a quarterly dividend yielding 2.44% ($6.00/yr), with 1 year of growth and a dividend-safety grade of C. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal.
Advantages
- Comfortable payout ratio (31%)
- 191% total price return over 5 years
Risks
- Cut its dividend in 2012
Key Data
- Dividend Yield
- 2.44%
- Payout Ratio
- 31%
- Annual Dividend
- $6.00
- 5-Yr Avg Growth
- 2.3%
- Ex-Dividend Date
- Sep 17, 2026
- Years of Growth
- 1
- Frequency
- quarterly
- Beta
- 1.75
- Market Cap
- $66.9B
- P/E Ratio
- 15.4
- 5-Yr Total Return
- 191%
- 52-Week Range
- $232.10 – $356.39
- Dividend Safety
- C · 57/100
- Ever Cut?
- Yes (2012)
Frequently Asked Questions
RCL Price — Last 12 Months
Daily close
Price Return
1 Year
-14%
3 Years
+190%
5 Years
+191%
52-Week Range
$232.10 – $356.39
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is RCL worth?
Undervaluedlow confidenceOur blended fair-value estimate for Royal Caribbean Cruises Ltd. is $307.39 per share, versus a market price of $245.81. That implies 25% of upside — a margin of safety of about 20%.
Fair Value
$307.39
Current Price
$245.81
Upside
+25%
Margin of Safety
20%
How we get there
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about 40.0% annual free-cash-flow growth. We model 14.7% — so the price already assumes faster growth than we think is likely.
Assumptions: 12.0% discount rate (CAPM), 14.7% stage-1 growth, 2.5% terminal growth, $16.20 EPS, $6.00 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
RCL Dividend Safety Score
Borderline
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Sep 17, 2026 | — | $1.5000 | regular |
| Jun 3, 2026 | — | $1.5000 | regular |
| Mar 6, 2026 | — | $1.5000 | regular |
| Dec 26, 2025 | — | $1.0000 | regular |
| Sep 25, 2025 | — | $1.0000 | regular |
| Jun 4, 2025 | — | $0.7500 | regular |
| Mar 7, 2025 | — | $0.7500 | regular |
| Dec 27, 2024 | — | $0.5500 | regular |
| Sep 20, 2024 | — | $0.4000 | regular |
| Mar 5, 2020 | — | $0.7800 | regular |
| Dec 19, 2019 | — | $0.7800 | regular |
| Sep 19, 2019 | — | $0.7800 | regular |
| Jun 3, 2019 | — | $0.7000 | regular |
| Mar 6, 2019 | — | $0.7000 | regular |
Income Calculator
At $6.00 / yr per share
