Carnival Corporation (CUK) to Issue Quarterly Dividend of $0.15 on February 27th

Carnival Corporation (NYSE:CUK) announced a quarterly dividend on Friday, December 19th. Stockholders of record on Friday, February 13th will be given a dividend of 0.15 per share on Friday, February 27th. This represents a c) dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend is Friday, February 13th.

Carnival has decreased its dividend payment by an average of 1.0%annually over the last three years. Carnival has a dividend payout ratio of 7.0% meaning its dividend is sufficiently covered by earnings.

Carnival Stock Performance

NYSE CUK opened at $33.04 on Wednesday. Carnival has a fifty-two week low of $13.65 and a fifty-two week high of $33.72. The company has a market cap of $6.23 billion, a P/E ratio of 16.52 and a beta of 2.52. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.28 and a current ratio of 0.32. The business’s 50 day moving average price is $29.21 and its 200-day moving average price is $27.45.

Carnival (NYSE:CUK) last released its quarterly earnings results on Tuesday, January 27th. The company reported $0.34 EPS for the quarter. The firm had revenue of $6.33 billion during the quarter. Carnival had a net margin of 10.37% and a return on equity of 28.39%. Sell-side analysts predict that Carnival will post 1.7 earnings per share for the current year.

Institutional Investors Weigh In On Carnival

Several hedge funds have recently modified their holdings of CUK. Royal Bank of Canada raised its holdings in Carnival by 1,202.6% in the 1st quarter. Royal Bank of Canada now owns 79,305 shares of the company’s stock worth $1,391,000 after purchasing an additional 73,217 shares during the period. Jane Street Group LLC raised its stake in shares of Carnival by 69.2% during the 1st quarter. Jane Street Group LLC now owns 46,021 shares of the company’s stock worth $807,000 after buying an additional 18,826 shares during the period. Callan Family Office LLC purchased a new position in shares of Carnival during the 2nd quarter valued at approximately $550,000. IFP Advisors Inc acquired a new stake in Carnival in the 2nd quarter valued at $77,000. Finally, Vanguard Personalized Indexing Management LLC raised its position in shares of Carnival by 17.5% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 14,097 shares of the company’s stock worth $360,000 after purchasing an additional 2,103 shares during the last quarter. 23.80% of the stock is owned by hedge funds and other institutional investors.

About Carnival

Carnival plc (NYSE: CUK) is one of the world’s leading cruise operators, offering leisure travel services to millions of passengers each year. Through its portfolio of brands, the company provides passenger cruises that combine accommodations, entertainment, dining, shore excursions and onboard amenities. Carnival’s vessels range from contemporary “fun ships” to premium and luxury experiences, catering to a broad spectrum of travelers from families and couples to solo adventurers.

Founded in 1972 by Ted Arison, the company has grown through organic fleet expansion and strategic acquisitions.