Carnival Corp (NYSE:CCL) announced a quarterly dividend on Thursday, July 11th, RTT News reports. Shareholders of record on Friday, August 23rd will be paid a dividend of 0.50 per share on Friday, September 13th. This represents a $2.00 annualized dividend and a dividend yield of 4.41%. The ex-dividend date of this dividend is Thursday, August 22nd.

Carnival has increased its dividend payment by an average of 21.0% per year over the last three years and has raised its dividend every year for the last 4 years. Carnival has a dividend payout ratio of 46.9% meaning its dividend is sufficiently covered by earnings. Research analysts expect Carnival to earn $4.77 per share next year, which means the company should continue to be able to cover its $2.00 annual dividend with an expected future payout ratio of 41.9%.

Shares of Carnival stock opened at $45.35 on Wednesday. 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 company has a market capitalization of $23.68 billion, a P/E ratio of 10.65, a price-to-earnings-growth ratio of 1.07 and a beta of 1.08. Carnival has a 1 year low of $43.97 and a 1 year high of $67.69. The business has a 50-day moving average of $46.03 and a two-hundred day moving average of $51.92.

Carnival (NYSE:CCL) last posted its quarterly earnings data on Thursday, June 20th. The company reported $0.66 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.61 by $0.05. The business had revenue of $4.84 billion during the quarter, compared to the consensus estimate of $4.49 billion. Carnival had a return on equity of 12.15% and a net margin of 15.09%. Carnival’s quarterly revenue was up 11.0% on a year-over-year basis. During the same period last year, the company earned $0.68 earnings per share. On average, equities analysts anticipate that Carnival will post 4.34 EPS for the current fiscal year.

In related news, Director Randall J. Weisenburger purchased 20,000 shares of the firm’s stock in a transaction on Wednesday, July 3rd. The stock was purchased at an average cost of $46.50 per share, for a total transaction of $930,000.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Arnold W. Donald purchased 22,050 shares of the firm’s stock in a transaction on Tuesday, June 25th. The stock was bought at an average price of $45.23 per share, with a total value of $997,321.50. The disclosure for this purchase can be found here. 24.10% of the stock is owned by company insiders.

A number of research analysts recently issued reports on the company. Zacks Investment Research downgraded Carnival from a “hold” rating to a “sell” rating in a report on Monday, May 20th. William Blair downgraded Carnival from an “outperform” rating to a “market perform” rating in a report on Thursday, June 20th. ValuEngine upgraded Carnival from a “strong sell” rating to a “sell” rating in a report on Monday, August 12th. Berenberg Bank downgraded Carnival from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $60.00 to $48.00 in a report on Monday, July 1st. Finally, Barclays downgraded Carnival from an “overweight” rating to an “equal weight” rating and decreased their price objective for the stock from $69.00 to $55.00 in a report on Friday, June 21st. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and eight have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $61.26.

About Carnival

Carnival Corporation 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:CCL)

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