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

Carnival Corporation (NYSE:CCL) declared a quarterly dividend on Thursday, October 22nd. Investors 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 annualized dividend and a dividend 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% meaning its dividend is sufficiently covered by earnings. Equities research 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

CCL stock opened at $27.05 on Friday. The company has a debt-to-equity ratio of 1.54, a current ratio of 0.27 and a quick ratio of 0.23. Carnival has a one year low of $21.45 and a one year high of $34.03. The stock has a market cap of $36.38 billion, a PE ratio of 11.47, a P/E/G ratio of 1.17 and a beta of 2.38. The firm has a 50 day simple moving average of $24.70 and a two-hundred day simple moving average of $26.47.

Carnival (NYSE:CCL) last released its earnings results on Tuesday, September 29th. The company reported $1.43 earnings per share for the quarter, topping 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 the consensus estimate of $8.39 billion. During the same quarter in the previous year, the company posted $1.43 EPS. Carnival’s quarterly revenue was up 3.5% compared to the same quarter last year. Carnival has set its Q4 2026 guidance at 0.200-0.200 EPS and its FY 2026 guidance at 2.240-2.240 EPS. On average, analysts predict that Carnival will post 2.26 EPS for the current fiscal year.

Institutional Trading of Carnival

Several institutional investors have recently added to or reduced their stakes in CCL. Manning & Napier Advisors LLC purchased a new position in shares of Carnival during the second quarter valued at approximately $25,000. Axiom Investment Management LLC purchased a new stake in Carnival in the second quarter worth approximately $29,000. Ancora Advisors LLC purchased a new stake in Carnival in the second quarter worth approximately $29,000. Basecamp Wealth Advisors LLC grew its position in Carnival by 107.8% in the 1st quarter. Basecamp Wealth Advisors LLC now owns 1,045 shares of the company’s stock worth $27,000 after purchasing an additional 542 shares during the period. Finally, Physician Wealth Advisors Inc. grew its position in Carnival by 116.9% in the 3rd quarter. Physician Wealth Advisors Inc. now owns 1,093 shares of the company’s stock worth $27,000 after purchasing an additional 589 shares during the period. 67.19% of the stock is currently owned by hedge funds and other institutional investors.

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.