BUZZ-Royal Caribbean rises on $1 billion share buy back announcement
ReutersFeb 12, 2025 9:57 PM
Shares of cruise operator Royal Caribbean RCL.N up 2.1% at $261.63 after market
RCL says board has approved the repurchase of up to $1 billion of the company's common stock over the next twelve months
Company raises quarterly dividend by 36% to $0.75 per share payable on April 4, 2025
In January, RCL said 2025 was shaping up "to be another great year", with a near 23% jump expected in adjusted earnings, as it benefits from record prices and new river cruise itineraries
Stock had risen over 78% in 2024
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