Carnival plc (NYSE:CUK) Declares Quarterly Dividend of $0.50

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Carnival plc (NYSE:CUK) announced a quarterly dividend on Thursday, July 11th, Zacks reports. Stockholders of record on Friday, August 23rd will be given a dividend of 0.50 per share on Friday, September 13th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.57%. The ex-dividend date is Thursday, August 22nd.

Carnival has raised its dividend payment by an average of 21.0% annually over the last three years and has increased its dividend annually for the last 3 consecutive years. Carnival has a dividend payout ratio of 47.6% indicating that its dividend is sufficiently covered by earnings.

NYSE CUK opened at $43.78 on Wednesday. The firm has a market cap of $9.01 billion, a P/E ratio of 10.28 and a beta of 1.06. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.27 and a quick ratio of 0.22. The stock’s 50-day moving average is $44.69 and its 200-day moving average is $50.87. Carnival has a one year low of $42.49 and a one year high of $67.00.

Carnival (NYSE:CUK) last released its quarterly earnings results on Thursday, June 20th. The company reported $0.66 EPS for the quarter, topping the Zacks’ consensus estimate of $0.58 by $0.08. The company had revenue of $4.84 billion for the quarter. Carnival had a return on equity of 12.15% and a net margin of 15.09%.

In other news, CEO Arnold W. Donald acquired 22,050 shares of the firm’s stock in a transaction that occurred on Tuesday, June 25th. The stock was acquired at an average cost of $45.23 per share, for a total transaction of $997,321.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Randall J. Weisenburger acquired 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, July 3rd. The shares were purchased at an average price of $46.50 per share, with a total value of $930,000.00. The disclosure for this purchase can be found here. 0.03% of the stock is currently owned by company insiders.

Separately, Macquarie started coverage on Carnival in a research report on Thursday, May 2nd. They set an “outperform” rating on the stock.

Carnival Company Profile

Carnival plc operates as a leisure travel company in North America, Australia, Europe, and Asia. It operates in four segments: North America and Australia Cruise Operations, Europe and Asia Cruise Operations, Cruise Support, and Tour and Other. The company operates cruises under the Carnival Cruise Line, Princess Cruises, Holland America Line, P&O Cruises (Australia), Seabourn, Costa, AIDA, P&O Cruises (UK), and Cunard brand names.

Further Reading: Operating Income

Dividend History for Carnival (NYSE:CUK)

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