Royal Caribbean Cruise Lines 2009 Annual Report Download - page 40

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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 ownership of common
stock.
Securities Authorized for Issuance under Equity Compensation Plans
The information required by Item 201(d) of Regulation S-K is incorporated by reference to Part III, Item 12 of this Form 10-K.
Issuer Purchases of Equity Securities
None.
Performance Graph
The following graph compares the total return, assuming reinvestment of dividends, on an investment in the Company, based on
performance of the Company’s common stock with the performance of the Standard & Poor’s 500 Composite Stock Index and the
Dow Jones United States Travel and Leisure Index for a five year period by measuring the changes in common stock prices from
December 31, 2004 to December 31, 2009.
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