Carnival plc (CUK) to Issue Quarterly Dividend of $0.45

Carnival plc (NYSE:CUK) declared a quarterly dividend on Friday, January 19th, Wall Street Journal reports. Stockholders of record on Friday, February 23rd will be given a dividend of 0.45 per share on Friday, March 16th. This represents a $1.80 annualized dividend and a dividend yield of 2.61%. The ex-dividend date of this dividend is Thursday, February 22nd.

Carnival has increased its dividend by an average of 17.0% annually over the last three years and has increased its dividend annually for the last 2 consecutive years. Carnival has a payout ratio of 43.4% indicating that its dividend is sufficiently covered by earnings.

Carnival (NYSE CUK) traded down $0.37 on Friday, hitting $69.03. The stock had a trading volume of 361,455 shares, compared to its average volume of 321,262. Carnival has a 1-year low of $51.96 and a 1-year high of $70.56. The stock has a market capitalization of $49,170.00, a price-to-earnings ratio of 19.23 and a beta of 0.70. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.16 and a current ratio of 0.21.

Carnival (NYSE:CUK) last released its quarterly earnings results on Tuesday, December 19th. The company reported $0.63 EPS for the quarter, topping the consensus estimate of $0.47 by $0.16. Carnival had a return on equity of 11.90% and a net margin of 14.88%. research analysts expect that Carnival will post 4.15 earnings per share for the current year.

In related news, CEO Arnold W. Donald sold 5,000 shares of Carnival stock in a transaction on Friday, November 3rd. The stock was sold at an average price of $65.43, for a total value of $327,150.00. Following the completion of the transaction, the chief executive officer now directly owns 115,572 shares in the company, valued at $7,561,875.96. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Michael Olaf Thamm sold 28,000 shares of Carnival stock in a transaction on Thursday, December 27th. The shares were sold at an average price of $66.59, for a total value of $1,864,520.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 268,352 shares of company stock valued at $17,977,933. Company insiders own 0.04% of the company’s stock.

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Carnival Company Profile

Carnival plc is a leisure travel company. The Company’s segments include North America, and Europe, Australia & Asia (EAA). Its North America segment includes Carnival Cruise Line, Princess Cruises (Princess), Holland America Line and Seabourn. Its EAA segment includes Costa Cruises (Costa), AIDA Cruises (AIDA), P&O Cruises (the United Kingdom), P&O Cruises (Australia) and Cunard.

Dividend History for Carnival (NYSE:CUK)

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