Carnival plc (NYSE:CUK) announced a quarterly dividend on Friday, April 19th, Wall Street Journal reports. Investors of record on Friday, May 24th will be given a dividend of 0.50 per share on Friday, June 14th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.78%. The ex-dividend date is Thursday, May 23rd.

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

Carnival stock opened at $52.96 on Friday. Carnival has a 52 week low of $45.17 and a 52 week high of $67.54. The company has a debt-to-equity ratio of 0.38, a current ratio of 0.22 and a quick ratio of 0.17. The stock has a market cap of $10.98 billion, a P/E ratio of 12.43 and a beta of 1.21.

Carnival (NYSE:CUK) last released its earnings results on Tuesday, March 26th. The company reported $0.49 earnings per share for the quarter, beating analysts’ consensus estimates of $0.42 by $0.07. Carnival had a return on equity of 12.30% and a net margin of 16.03%. The company had revenue of $4.67 billion during the quarter. As a group, equities research analysts predict that Carnival will post 4.45 earnings per share for the current fiscal year.

In other Carnival news, CEO Stein Kruse sold 32,163 shares of the firm’s stock in a transaction dated Friday, February 15th. The stock was sold at an average price of $57.08, for a total transaction of $1,835,864.04. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO David Bernstein sold 24,682 shares of the firm’s stock in a transaction dated Friday, February 15th. The shares were sold at an average price of $57.08, for a total value of $1,408,848.56. Following the sale, the chief financial officer now directly owns 70,362 shares in the company, valued at $4,016,262.96. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 62,536 shares of company stock worth $3,569,555. Company insiders own 0.03% of the company’s stock.

A hedge fund recently raised its stake in Carnival stock. Geode Capital Management LLC increased its position in Carnival plc (NYSE:CUK) by 109.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 22,558 shares of the company’s stock after purchasing an additional 11,775 shares during the quarter. Geode Capital Management LLC’s holdings in Carnival were worth $1,098,000 as of its most recent filing with the Securities and Exchange Commission. 5.25% of the stock is owned by hedge funds and other institutional investors.

Separately, Bank of America reissued a “neutral” rating on shares of Carnival in a research report on Monday, February 11th.

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About Carnival

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.

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Dividend History for Carnival (NYSE:CUK)

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