The Board of Directors of Royal Caribbean Cruises Ltd. today declared a quarterly dividend of $0.12 per share payable on October 9, 2012, to shareholders of record at the close of business on September 25, 2012. 

"I am pleased that our Board of Directors increased the quarterly dividend payment today," said Richard D. Fain, chairman and chief executive officer.  Fain continued, "We have consistently communicated our desire to balance rational growth, leverage reduction and shareholder return improvement.  I think today's actions are further evidence that these goals can coexist harmoniously."

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