Carnival Corporation to Issue 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) annualized dividend and a dividend yield of 2.4%. The ex-dividend date 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. 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 Down 2.2%

Shares of Carnival stock opened at $24.64 on Friday. The company has a current ratio of 0.30, a quick ratio of 0.26 and a debt-to-equity ratio of 1.82. The company’s fifty day simple moving average is $26.15 and its two-hundred day simple moving average is $28.12. The company has a market cap of $30.53 billion, a P/E ratio of 10.95, a PEG ratio of 1.12 and a beta of 2.33. Carnival has a 12-month low of $21.62 and a 12-month high of $34.03.

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

Carnival Company Profile

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.