Royal Caribbean Cruise Lines 2010 Annual Report Download - page 38

PART II
ROYAL CARIBBEAN CRUISES LTD. 35
ITEM 5. MARKET FOR REGISTRANT’S COMMON
EQUITY, RELATED STOCKHOLDER MATTERS
AND ISSUER PURCHASES OF EQUITY
SECURITIES
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 high and low sales 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
2010
Fourth Quarter    
Third Quarter    
Second Quarter    
First Quarter    
2009
Fourth Quarter    
Third Quarter    
Second Quarter    
First Quarter    
(1) Denominated in Norwegian kroner, as listed in the price history
database available at www.oslobors.no.
HOLDERS
As of February 14, 2011 there were 1,195 record holders
of our common stock. Since certain of our shares are
held by brokers and other institutions on behalf of
shareholders, the foregoing number is not representa-
tive of the number of beneficial owners.
DIVIDENDS
We did not declare cash dividends in 2010 or 2009.
Commencing in the fourth quarter 2008, our Board
of Directors discontinued the issuance of quarterly
dividends.
Holders of our common stock have an equal right to
share in our profits in the form of dividends when and
if declared by our Board of Directors out of funds
legally available therefore. Holders of our common
stock have no rights to any sinking fund.
There are no exchange control restrictions on remit-
tances of dividends on our common stock. Since
(1) we are and intend to maintain our status as a non-
resident Liberian entity under the Revenue Code of
Liberia (2000) and the regulations thereunder, and
(2) our ship-owning subsidiaries are not now engaged,
and are not in the future expected to engage, 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 securi-
ties 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 sub-
ject 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 agree-
ment 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 share-
holders 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.