Royal Caribbean Declares $1 Dividend and Approves $2 Billion Stock Buyback
Written by Emily J. Thompson, Senior Investment Analyst
Source: PRnewswire
Updated: 15 hour ago0mins
- Dividend Declaration: Royal Caribbean Group's Board of Directors has declared a quarterly dividend of $1 per share, payable on January 14, 2026, reinforcing the company's commitment to shareholder returns and boosting investor confidence.
- Buyback Program: The company has approved a stock buyback program of up to $2 billion, following a previous $1 billion repurchase, further demonstrating its strong financial position and capital return strategy.
- Shareholder Returns: Since July 2024, Royal Caribbean has returned $1.9 billion to shareholders through dividends and stock repurchases, showcasing effective capital management and a focus on shareholder value.
- Financial Strength: The CFO stated that the robust financial position and investment-grade balance sheet enable the new buyback program, aimed at enhancing long-term shareholder value through strategic growth priorities and capital returns.
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Analyst Views on RCL
Wall Street analysts forecast RCL stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for RCL is 343.87 USD with a low forecast of 290.00 USD and a high forecast of 415.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
17 Analyst Rating
13 Buy
4 Hold
0 Sell
Strong Buy
Current: 248.320
Low
290.00
Averages
343.87
High
415.00
Current: 248.320
Low
290.00
Averages
343.87
High
415.00
Goldman Sachs
Buy
downgrade
$334 -> $275
2025-12-09
New
Reason
Goldman Sachs
Price Target
$334 -> $275
2025-12-09
New
downgrade
Buy
Reason
Goldman Sachs lowered the firm's price target on Royal Caribbean to $275 from $334 and keeps a Buy rating on the shares. The firm views 2026 is a transition year for Royal. The company's Caribbean exposure and first half of the year headwinds will pressure net yield over the near term, and a "meaningful step function" in net yield growth is not coming until 2027 with Cococay Mexico, the analyst tells investors in a research note.
Truist
C. Patrick Scholes
Hold
downgrade
$333 -> $321
2025-12-02
Reason
Truist
C. Patrick Scholes
Price Target
$333 -> $321
2025-12-02
downgrade
Hold
Reason
Truist analyst C. Patrick Scholes lowered the firm's price target on Royal Caribbean to $321 from $333 and keeps a Hold rating on the shares as part of a broader research note on Cruise Lines. The firm's lengthy conversations over the past month with senior executives in the travel industry and examining "big data" on future cruise bookings and pricing indicate that supply for the contemporary-mass market segment is slightly higher than that of demand, the analyst tells investors in a research note. Underlying demand for this segment is fairly lethargic and in light of mid-single digit supply growth this year through 2027 and following last year's low-teens growth rate, companies are increasingly relying on promotional activity/value-adds in order to fill cabin, the firm added.
Wells Fargo
Overweight
initiated
$320
2025-11-17
Reason
Wells Fargo
Price Target
$320
2025-11-17
initiated
Overweight
Reason
Wells Fargo initiated coverage of Royal Caribbean with an Overweight rating and $320 price target. The firm believes the company's return on invested capital should top 20% in the coming years given Royal's ongoing double-digit earnings growth. The company offers a "robust operating algorithm, best-in-class innovation, and strong cost controls," the analyst tells investors in a research note.
UBS
Buy
downgrade
$353 -> $304
2025-11-12
Reason
UBS
Price Target
$353 -> $304
2025-11-12
downgrade
Buy
Reason
UBS lowered the firm's price target on Royal Caribbean to $304 from $353 and keeps a Buy rating on the shares.
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About RCL
Royal Caribbean Cruises Ltd. is a cruise company, which owns and operates three global cruise brands: Royal Caribbean International, Celebrity Cruises and Silversea Cruises. It also has an interest in TUI Cruises GmbH, which operates the German brands TUI Cruises and Hapag-Lloyd Cruises. Its ships offer a selection of worldwide itineraries that call on approximately 1,000 destinations on all seven continents. Royal Caribbean International offers cruises and land destinations that generally feature a casual ambiance, as well as a variety of activities and entertainment venues. Celebrity Cruises offers a range of itineraries to destinations, including Alaska, Asia, Australia, Bermuda, Canada, the Caribbean, Europe, the Galapagos Islands, Hawaii, New Zealand, the Panama Canal and South America, with cruise lengths ranging from three to 14 nights. It also offers a range of private land destinations through Perfect Day at CocoCay, includes full water park, zip line course, and others.
About the author
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Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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