Carnival Corporation (NYSE:CCL – Get Free Report) declared a quarterly dividend on Wednesday, July 8th. Investors of record on Friday, August 7th will be paid a dividend of 0.15 per share on Friday, August 28th. This represents a c) dividend on an annualized basis and a yield of 2.0%. The ex-dividend date is Friday, August 7th.
Carnival has decreased its dividend payment by an average of 1.0%annually over the last three years. Carnival has a dividend payout ratio of 27.9% meaning its dividend is sufficiently covered by earnings. 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 Trading Up 3.2%
NYSE:CCL opened at $29.66 on Wednesday. The stock has a market cap of $40.62 billion, a price-to-earnings ratio of 13.36, a PEG ratio of 1.27 and a beta of 2.35. The company has a quick ratio of 0.29, a current ratio of 0.33 and a debt-to-equity ratio of 1.80. The company’s 50 day moving average price is $27.87 and its 200-day moving average price is $27.87. Carnival has a 52 week low of $23.45 and a 52 week high of $34.03.
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.
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