Royal Caribbean Cruise Lines 2007 Annual Report Download - page 43

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SHAREHOLDER INFORMATION
$400
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$100
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12/02 12/03 12/04 12/05 12/06 12/07
Royal Caribbean Cruises Ltd.
S&P 500
Dow Jones US Travel & Leisure
$
$
MARKET INFORMATION
Our common stock is listed on the New York Stock Exchange
(“NYSE”) and the Oslo Stock Exchange (“OSE”) under the symbol
“RCL”. The table below sets forth the intra-day high and low prices
of our common stock as reported by the NYSE and the OSE for
the two most recent years by quarter:
NYSE OSE
Common Stock Common Stock 1
High Low High Low
2007
Fourth Quarter $43.45 $37.52 243.50 205.00
Third Quarter 42.53 36.03 251.00 203.50
Second Quarter 44.62 40.43 268.00 244.00
First Quarter 45.34 38.68 290.00 243.00
2006
Fourth Quarter $43.97 $38.06 282.00 243.00
Third Quarter 39.28 32.47 260.00 203.50
Second Quarter 43.86 35.00 280.00 213.00
First Quarter 46.77 40.59 316.50 271.00
1Denominated in Norwegian kroner.
As of February 12, 2008 there were 1,058 record holders of our
common stock. Since certain of our shares are held indirectly, the
foregoing number is not representative of the number of benefi-
cial owners.
DIVIDENDS
We declared cash dividends on our common stock of $0.15 per
sharein each of the quarters of 2007and 2006.
Holders of our common stock havean equal right tosharein
our profits in the form of dividends when declared by our board
of directors out of funds legally available for the distribution
of dividends. Holders of our common stock have no rights to any
sinking fund.
There are no exchange control restrictions on remittances of
dividends on our common stock. Since (1) we are and intend
tomaintain our status as a nonresident Liberian entity under the
Revenue Code of Liberia (2000) and the regulations thereunder,
and (2) our ship-owning subsidiaries are not now engaged, and
arenot in the futureexpected toengage, in any business in Liberia,
including voyages exclusively within the territorial waters of the
Republic of Liberia, under current Liberian law, no Liberian taxes
or withholding will be imposed on payments to holders of our
securities other than to a holder that is a resident Liberian entity
or a resident individual or an individual or entity subject to taxation
in Liberia as a result of having a permanent establishment within
the meaning of the Revenue Code of Liberia (2000) in Liberia.
The declaration of dividends shall at all times be subject to the
final determination of our board of directors that a dividend is
prudent at that time in consideration of the needs of the business.
The shareholders agreement provides that A. Wilhelmsen AS.
and Cruise Associates will from time to time consider our dividend
policy with due regard for the interests of the shareholders in
maximizing the return on their investment and our ability to pay
such dividends. The shareholders agreement also provides that
payment of dividends will depend, among other factors, upon our
earnings, financial position and capital requirements and the
income and other tax liabilities of A. Wilhelmsen AS., Cruise
Associates and their respective affiliates relating to their owner-
ship of common stock.
ISSUER PURCHASES OF EQUITY SECURITIES
None.
STOCK PERFORMANCE GRAPH
The following graph compares the performance of the Company’s
common stock with the performance of the Standard & Poor’s 500
Composite Stock Index and the Dow Jones U.S. Travel and Leisure
Index for a five year period by measuring the changes in common
stock prices from December 31, 2002 to December 31, 2007.
12/02 12/03 12/04 12/05 12/06 12/07
Royal Caribbean
Cruises Ltd. $100.00 $213.36 $337.80 $283.05 $263.86 $274.59
S&P 500 $100.00 $128.68 $142.69 $149.70 $173.34 $182.87
Dow Jones
US Travel
&Leisure $100.00 $142.61 $183.31 $186.31 $228.12 $224.91
The stock performance graph assumes for comparison that the
value of the Company’s Common Stock and of each index was
$100 on December 31, 2002 and that all dividends were reinvested.
Past performance is not necessarily an indicator of future results.