Shares of Royal Caribbean Cruises Ltd ( RCL ) are trading higher Thursday afternoon, propelled by the company’s announcement of a 33% increase in its quarterly dividend.

What To Know: The cruise operator’s board of directors declared a new quarterly dividend of $1.00 per share on Wednesday. “Today’s dividend increase reflects both the strength of our performance and our commitment to return capital to shareholders,” stated President and CEO Jason Liberty, highlighting a balanced approach to funding growth while rewarding investors.

This decision follows a robust second quarter reported in July, where the company surpassed Wall Street expectations, reporting adjusted earnings of $4.38 per share. Strong demand and successful new launches prompted Royal Caribbean to raise its full-year 2025 earnings guidance to a range of $15.41 to $15.55 per share.

Benzinga Edge Rankings: According to Benzinga Edge stock rankings, RCL shows exceptional market strength with a Momentum score of 93.35 and positive price trends across short, medium and long-term outlooks.

RCL Price Action: According to data from Benzinga Pro, RCL shares are trading higher by 3% to $351.83 on Thursday. The stock has a 52-week high of $366.50 and a 52-week low of $162.48.

Read Also: 4 Stocks Set To Profit As Spirit Goes Bankrupt (Again)

How To Buy RCL Stock

Besides going to a brokerage platform to purchase a share – or fractional share – of stock, you can also gain access to shares either by buying an exchange traded fund (ETF) that holds the stock itself, or by allocating yourself to a strategy in your 401(k) that would seek to acquire shares in a mutual fund or other instrument.

For example, Royal Caribbean is in the Consumer Discretionary sector. An ETF will likely hold shares in many liquid and large companies that help track that sector, allowing an investor to gain exposure to the trends within that segment.

Read Next:

What’s Going On With Nio Stock Thursday?

Image: Shutterstock