The Board of Directors of Royal Caribbean Cruises Ltd. have declared a quarterly dividend of $0.55 per common share payable on January 13, 2025 to shareholders of record at the close of business on December 27, 2024.

This increase reflects the company’s continuing efforts to enhance shareholder returns, according to a statement from the company.

The company’s last dividend date was Sept. 20, 2024, when it declared a dividend of $0.40 per common share. That was the first dividend issued by the company since the pandemic shutdown of the cruise industry. Prior to the company’s pause in operations, it had declared a dividend of $0.78 per common share in March 2020.