The hike comes at a time when the company has become more vocal about its efforts to increase shareholder returns.

The latest increase represents a 20% rise to the previous $0.25 per common share dividend level.

Richard Fain, chairman of Royal Carribean, said: “Dividends continue to be an important component of total shareholder return.

“This increase demonstrates our commitment to increasing shareholder value and our confidence in our ability to continue to grow returns in the future.”

Royal