Royal Caribbean Cruise Lines 2011 Annual Report Download - page 40

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2011 ANNUAL REPORT 36
PART II
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
2011
Fourth Quarter    
Third Quarter    
Second Quarter    
First Quarter    
2010
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 13, 2012, there were 1,209 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
representative of the number of beneficial owners.
DIVIDENDS
In July 2011, our Board of Directors reinstated our
quarterly dividend which had been discontinued in
the fourth quarter of 2008. We subsequently declared
cash dividends on our common stock of $0.10 per
share during the third and fourth quarters of 2011.
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. 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 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
are not in the future expected to engage, in any busi-
ness 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.