Royal Caribbean Cruise Lines 2014 Annual Report Download - page 38

Royal Caribbean Cruises Ltd. 37
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()
High Low High Low
2014
Fourth Quarter    
Third Quarter    
Second Quarter    
First Quarter    
2013
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 12, 2015 there were 961 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 2013, we declared cash dividends on our common
stock of $0.12 per share during the first and second
quarters of 2013. We increased the dividend amount to
$0.25 per share for the dividends declared in the third
and fourth quarters of 2013 and the first and second
quarters of 2014. The dividend amount was increased
to $0.30 per share for the dividends declared in the
third and fourth quarters of 2014.
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 non-
resident Liberian entity under the Liberia Revenue
Code of 2000 as Amended and the regulations there-
under, 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 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 Liberia Revenue Code of 2000 as
Amended 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.
STOCK REPURCHASES
The following table presents the total number of shares of our common stock that we repurchased during the
quarter ended December 31, 2014:
Period
Total number
of shares
purchased
Average
price paid
per share
Total number of
shares purchased
as part of publicly
announced plans
or programs
Maximum number
of shares that may
yet be purchased
under the plans
or programs
November 1, 2014–November 30, 2014() 3,500,000 $67.45 — —
Total this quarter 3,500,000 $67.45 — —
(1) As previously announced on Form 8-K, in November 2014, we repurchased 3.5 million shares of our common stock directly from our largest share-
holder, Awilhelmsen AS, in a private transaction. The closing of the share repurchase was subject to Awilhelmsen AS having completed a sale of an
additional 3.5 million shares to a financial institution in a market transaction pursuant to Rule 144 of the Securities Act (the “Secondary Sale”). The
price we paid in connection with the share repurchase was equal to the price paid by the financial institution to Awilhelmsen AS in connection with
the Secondary Sale.
PART II