Carnival Corp. Plans Quarterly Dividend of $0.25 (CCL)
Carnival Corp. (NYSE:CCL) announced a quarterly dividend on Friday, January 17th, Analyst RN reports. Stockholders of record on Friday, February 21st will be paid a dividend of 0.25 per share on Friday, March 14th. This represents a $1.00 annualized dividend and a dividend yield of 2.42%. The ex-dividend date is Wednesday, February 19th.
A number of analysts have recently weighed in on CCL shares. Analysts at SunTrust upgraded shares of Carnival Corp. from a “reduce” rating to a “neutral” rating in a research note to investors on Monday. On the ratings front, analysts at Zacks reiterated a “neutral” rating on shares of Carnival Corp. in a research note to investors on Friday, January 10th. They now have a $42.00 price target on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Carnival Corp. in a research note to investors on Friday, December 20th. They now have a $40.00 price target on the stock. Four analysts have rated the stock with a sell rating, sixteen have given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $165.64.
Shares of Carnival Corp. (NYSE:CCL) traded down 0.41% on Friday, hitting $41.36. The stock had a trading volume of 2,297,791 shares. Carnival Corp. has a 1-year low of $31.44 and a 1-year high of $41.89. The stock has a 50-day moving average of $38.25 and a 200-day moving average of $36.17. The company has a market cap of $32.095 billion and a price-to-earnings ratio of 29.88.
Carnival Corp. (NYSE:CCL) last issued its quarterly earnings data on Thursday, December 19th. The company reported $0.04 EPS for the quarter. The company had revenue of $3.66 billion for the quarter, compared to the consensus estimate of $3.58 billion. During the same quarter in the prior year, the company posted $0.13 earnings per share. The company’s quarterly revenue was up 2.2% on a year-over-year basis. Analysts expect that Carnival Corp. will post $1.69 EPS for the current fiscal year.
In other Carnival Corp. news, CEO Gerald Raymond Cahill sold 30,000 shares of the company’s stock in a transaction dated Tuesday, January 14th. The shares were sold at an average price of $41.60, for a total transaction of $1,248,000.00. Following the completion of the transaction, the chief executive officer now directly owns 95,436 shares of the company’s stock, valued at approximately $3,970,138. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Carnival Corporation is a cruise company. The Company operates in two segments: North America and Europe, Australia & Asia (NYSE:CCL).
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