5 High Growth Low/No Dividend Stocks to Buy

This article presents an overview of the 5 High Growth Low/No Dividend Stocks to Buy. For a detailed overview of such stocks, read our article, 11 High Growth Low/No Dividend Stocks to Buy.

5. Royal Caribbean Cruises Ltd (NYSE:RCL)

Number of Hedge Fund Investors: 41

Royal Caribbean Cruises Ltd (NYSE:RCL) ranks 5th in our list of the best high-growth stocks with low or no dividend yields. Royal Caribbean Cruises Ltd’s (NYSE:RCL) adjusted EPS in the third quarter came in at $3.85, surpassing estimates by $0.46. Revenue in the period jumped 40.5% year over year to $4.2 billion, beating estimates by $140 million. For full-year 2023, Royal Caribbean Cruises Ltd (NYSE:RCL) expects its net yields to increase 12.9% to 13.4% on a constant currency basis.

Ariel Fund made the following comment about Royal Caribbean Cruises Ltd. (NYSE:RCL) in its Q2 2023 investor letter:

“Several stocks in the portfolio had strong returns over the period. Global cruise vacation company, Royal Caribbean Cruises Ltd. (NYSE:RCL), was one of the top 3 performers in the S&P 500 during the quarter. Shares surged following a significant top- and bottom-line earnings beat, as stronger than anticipated consumer demand is driving a record WAVE season. Forward booking trends are also ahead of historical ranges at record pricing. These factors combined with further improvement in onboard spend and solid cost containment led management to increase RCL’s full-year 2023 guidance. We believe the revised revenue and earnings outlook lays the foundation for RCL to exceed its’ three-year strategic imperative, the Trifecta Program.”