Tuesday, November 18, 2008

Dividend Sunk: Royal Caribbean Cruises Throws Dividend Overboard

Royal Caribbean Cruises has eliminated their dividend, sort of like Carnival recently did. With tourism down and out and expected to stay down and out, who can blame them for conserving cash? I am sure their shareholders might be upset as some of their income or future expected income source is now reduced.

While pirate activity goes up in and around Africa, the pirates won't have much lucrative bounty, matey!, around the coast off of Florida. Even Jamaica has flipped it's GDP upside down; these are the types of places the cruisers like the former sail in to dock and let passengers spend their money.

Related:
Fixed Income, Difficult to Come In?
Your Dividend Shipwrecked: Diana Shipping Suspends Dividend
Drifting Away: Brunswick to Consolidate Production = Layoffs

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