Carnival Corporation (NYSE:CCL) Shares Set to Pay Quarterly Dividend of $0.15

Carnival Corporation (NYSE:CCL) announced a quarterly dividend on Wednesday, October 21st. Shareholders of record on Friday, November 6th will be given a dividend of $0.15 per share on Friday, November 27th. This represents a $0.60 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend is Friday, November 6th.

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. Analysts expect Carnival to earn $2.55 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 23.5%.

Carnival Price Performance

Shares of NYSE:CCL opened at $27.05 on Friday. The company’s fifty day moving average price is $24.70 and its 200 day moving average price is $26.47. Carnival has a 12 month low of $21.45 and a 12 month high of $34.03. The company has a debt-to-equity ratio of 1.54, a current ratio of 0.27 and a quick ratio of 0.23. The firm has a market capitalization of $36.38 billion, a P/E ratio of 11.81, a P/E/G ratio of 1.17 and a beta of 2.38.

Carnival (NYSE:CCL) last issued its quarterly earnings data on Tuesday, September 29th. The company reported $1.43 earnings per share for the quarter, beating analysts’ consensus estimates of $1.35 by $0.08. Carnival had a return on equity of 24.83% and a net margin of 11.37%. The company had revenue of $8.44 billion during the quarter, compared to analysts’ expectations of $8.39 billion. During the same quarter in the previous year, the business earned $1.43 earnings per share. The firm’s revenue for the quarter was up 3.5% on a year-over-year basis. Carnival has set its Q4 2026 guidance at 0.200-0.200 EPS and its FY 2026 guidance at 2.240-2.240 EPS. As a group, sell-side analysts predict that Carnival will post 2.26 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

CCL has been the topic of a number of recent analyst reports. UBS Group reaffirmed a “buy” rating and set a $36.00 price target on shares of Carnival in a research note on Wednesday, September 30th. JPMorgan Chase & Co. reduced their price objective on shares of Carnival from $43.00 to $39.00 and set an “overweight” rating for the company in a research note on Thursday, September 24th. Morgan Stanley boosted their price objective on shares of Carnival from $31.00 to $32.50 and gave the stock an “overweight” rating in a report on Tuesday, September 29th. Wells Fargo & Company lowered their target price on shares of Carnival from $36.00 to $34.00 and set an “overweight” rating on the stock in a research report on Thursday, October 1st. Finally, Tigress Financial reaffirmed a “buy” rating and issued a $42.00 target price on shares of Carnival in a report on Tuesday, October 13th. One analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $34.14.

Carnival Company Profile

Carnival Corporation & plc (NYSE: CCL) is one of the world’s largest leisure travel and cruise companies. It operates cruise lines that provide vacation travel, onboard entertainment, dining, accommodations, recreational activities and shore excursions. The company’s brands serve a broad range of travelers, from mainstream and contemporary vacationers to premium and luxury guests.

Carnival’s portfolio includes Carnival Cruise Line, Princess Cruises, Holland America Line, Seabourn, Cunard, Costa Cruises, AIDA Cruises, P&O Cruises UK and P&O Cruises Australia.