The Board of Directors of Royal Caribbean Cruises Ltd. today declared a $0.05 increase in the quarterly cash dividend to $0.30 per common share payable on October 2, 2014, to shareholders of record at the close of business on September 22, 2014. This move, which was approved unanimously at the board’s September 9th meeting reflects the company’s continuing efforts to increase shareholder returns.

Today’s actions represent a 20% increase to the previous $0.25 per common share dividend level. “Dividends continue to be an important component of total shareholder return,” said Richard D. Fain, chairman and chief executive officer. “This dividend increase was made possible by the efforts of the overall organization to continue to improve our financial position. It demonstrates our commitment to increasing shareholder value and our confidence in our ability to continue to grow returns in the future.”