Rare livingonthebeach Posted August 4, 2020 #1 Share Posted August 4, 2020 Unless I read it wrong, looks like no more dividends until 2022. "Pursuant to these amendments, the restrictions on paying cash dividends and effectuating share repurchases during the wavier period were extended through and including the fourth quarter of 2021." https://www.cruiseindustrynews.com/cruise-news/23330-royal-caribbean-makes-more-finance-and-liquidity-moves.html 1 Link to comment Share on other sites More sharing options...
Rare G-DawgMN Posted August 4, 2020 #2 Share Posted August 4, 2020 Makes sense, it's going to take them a while to return to profitability. 1 Link to comment Share on other sites More sharing options...
Ubiquitous Cruiser Posted August 4, 2020 #3 Share Posted August 4, 2020 Appears to have been a condition of their 3 revolving credit lines ... banks want to make sure they get paid first. Link to comment Share on other sites More sharing options...
yogimax Posted August 4, 2020 #4 Share Posted August 4, 2020 3 minutes ago, Ubiquitous Cruiser said: Appears to have been a condition of their 3 revolving credit lines ... banks want to make sure they get paid first. Right. One of RCCL's biggest problems is debt repayment. The creditors rightly want to be paid before shareholders. Also significant is the covenant restricting stock buy backs. Buy backs are often done when the stock price declines to demonstrate faith in the company as well as increase earnings per share by reducing the number of shares. Link to comment Share on other sites More sharing options...
firefly333 Posted August 4, 2020 #5 Share Posted August 4, 2020 I'm not even worried about my dividend, just want cruise lines to survive and get to cruise again. .. and I have more than minimum of both ccl and rcl. Link to comment Share on other sites More sharing options...
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