Fifth Third Bancorp boosts stake in Royal Caribbean as the cruise line reports strong earnings and declares a dividend.

Fifth Third Bancorp increased its stake in Royal Caribbean Cruises Ltd. by 4.1%, now owning $3.54 million worth of shares. Other institutional investors have also adjusted their holdings. Royal Caribbean reported strong earnings, exceeding expectations, and declared a quarterly dividend of $0.55 per share. The company has a market cap of $63.78 billion and a P/E ratio of 24.38. Institutional investors own 87.53% of RCL's stock.

2 months ago
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