Royal Caribbean Cruise Lines 2012 Annual Report Download - page 39

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35
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
Common Stock
OSE
Common Stock(1)
High Low High Low
2012
Fourth Quarter      
Third Quarter    
Second Quarter    
First Quarter    
2011
Fourth Quarter      
Third Quarter    
Second Quarter    
First Quarter    
() Denominated in Norwegian kroner, as listed in the price history
database available at www.oslobors.no.
HOLDERS
As of February 13, 2013 there were 1,128 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 represen-
tative 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 and
the first and second quarters of 2012. We increased
the dividend amount to $0.12 per share for the divi-
dends declared in the third and fourth quarters of 2012.
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
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.