Cruise ship operator Royal Caribbean Cruises (NYSE:RCL) yesterday announced its second-quarter dividend of $0.12 per share, the same rate it paid for the past three quarters after raising the payout from $0.10 per share.

The board of directors said the quarterly dividend is payable on June 4 to  holders of record at the close of business on May 21. Royal Caribbean first began paying a dividend in 1996 and had increased the payout to $0.15 in 2008, when it suspended it. It was reinstated in 2011 at $0.10 and raised to its current rate in September 2012.

The regular dividend payment equates to a $0.48-per-share annual dividend yielding 1.3% based on the closing price of Royal Caribbean Cruises' stock on May 8.