The Board of Directors of Royal Caribbean ( RCL) Group declared a quarterly dividend of 75c per common share payable on April 4 to shareholders of record at the close of business on March 7. The company also announced that its Board of Directors has approved the repurchase of up to $1B of the company’s common stock over the next twelve months.

Royal Caribbean Group raised its dividend by more than a third and launched a $1 billion share-repurchase plan. Chief Executive Jason Liberty said the two moves come following the cruise operator's recent strong performance and healthy balance sheet and reflect confidence in the business.