Carnival Corporation Plans Quarterly Dividend of $0.15 (NYSE:CCL)

Carnival Corporation (NYSE:CCL) declared a quarterly dividend on Friday, May 8th. Investors of record on Monday, May 18th will be paid a dividend of 0.15 per share on Friday, May 29th. This represents a c) dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend is Monday, May 18th.

Carnival has decreased its dividend payment by an average of 1.0%per year over the last three years. Carnival has a dividend payout ratio of 27.9% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Carnival to earn $2.59 per share next year, which means the company should continue to be able to cover its $0.60 annual dividend with an expected future payout ratio of 23.2%.

Carnival Stock Performance

Shares of Carnival stock opened at $24.64 on Friday. The stock has a market cap of $30.53 billion, a price-to-earnings ratio of 10.95, a PEG ratio of 1.12 and a beta of 2.33. The firm’s 50-day moving average is $26.15 and its 200 day moving average is $28.12. Carnival has a 1 year low of $21.62 and a 1 year high of $34.03. The company has a debt-to-equity ratio of 1.82, a current ratio of 0.30 and a quick ratio of 0.26.

Carnival (NYSE:CCL) last announced its quarterly earnings results on Friday, March 27th. The company reported $0.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.18 by $0.02. The company had revenue of $6.17 billion for the quarter, compared to analysts’ expectations of $6.13 billion. Carnival had a net margin of 11.48% and a return on equity of 26.92%. Carnival’s revenue was up 6.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.13 EPS. Sell-side analysts anticipate that Carnival will post 2.21 EPS for the current fiscal year.

About Carnival

Carnival Corporation (NYSE: CCL) is a global cruise operator that provides leisure travel services through a portfolio of passenger cruise brands. The company’s core business is operating cruise ships that offer multi-night voyages and associated vacation services, including onboard accommodations, dining, entertainment, spa and wellness offerings, casinos, youth programs, and organized shore excursions. Carnival markets cruise vacations to a broad range of consumers, from value-focused travelers to premium and luxury segments, through differentiated brand positioning and onboard experiences.

Its operating structure comprises multiple well-known cruise brands that target distinct geographic and demographic markets.