Carnival Corporation (NYSE:CUK) announced a quarterly dividend on Friday, October 20th, Wall Street Journal reports. Shareholders of record on Friday, November 24th will be given a dividend of 0.45 per share on Friday, December 15th. This represents a $1.80 annualized dividend and a yield of 2.72%. The ex-dividend date is Wednesday, November 22nd. This is a positive change from Carnival’s previous quarterly dividend of $0.40.
Carnival has raised its dividend payment by an average of 10.5% annually over the last three years. Carnival has a payout ratio of 49.0% meaning its dividend is sufficiently covered by earnings.
Shares of Carnival (CUK) traded up $0.14 on Wednesday, hitting $66.26. The stock had a trading volume of 268,037 shares, compared to its average volume of 296,699. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.16 and a current ratio of 0.21. Carnival has a 12-month low of $50.35 and a 12-month high of $70.56. The company has a market cap of $14,198.15, a PE ratio of 17.41 and a beta of 0.70.
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Carnival plc is a leisure travel company. The Company’s segments include North America, and Europe, Australia & Asia (EAA). Its North America segment includes Carnival Cruise Line, Princess Cruises (Princess), Holland America Line and Seabourn. Its EAA segment includes Costa Cruises (Costa), AIDA Cruises (AIDA), P&O Cruises (the United Kingdom), P&O Cruises (Australia) and Cunard.
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