Carnival Corporation (CCL) To Go Ex-Dividend on May 18th

Carnival Corporation (NYSE:CCL) announced a quarterly dividend on Friday, May 8th. Shareholders of record on Monday, May 18th will be paid a dividend of 0.15 per share on Friday, May 29th. This represents a c) annualized dividend and a yield of 2.4%. The ex-dividend date is Monday, May 18th.

Carnival has decreased its dividend by an average of 1.0%per year over the last three years. Carnival has a dividend payout ratio of 27.9% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Carnival to earn $2.59 per share next year, which means the company should continue to be able to cover its $0.60 annual dividend with an expected future payout ratio of 23.2%.

Carnival Price Performance

Shares of NYSE:CCL opened at $24.64 on Friday. Carnival has a 52 week low of $21.62 and a 52 week high of $34.03. The company has a quick ratio of 0.26, a current ratio of 0.30 and a debt-to-equity ratio of 1.82. The company’s fifty day moving average is $26.15 and its 200 day moving average is $28.12. The stock has a market cap of $30.53 billion, a PE ratio of 10.95, a PEG ratio of 1.12 and a beta of 2.33.

Carnival (NYSE:CCL) last released its quarterly earnings data on Friday, March 27th. The company reported $0.20 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.02. Carnival had a return on equity of 26.92% and a net margin of 11.48%.The firm had revenue of $6.17 billion during the quarter, compared to analyst estimates of $6.13 billion. During the same quarter in the prior year, the firm posted $0.13 earnings per share. The business’s quarterly revenue was up 6.1% compared to the same quarter last year. Research analysts anticipate that Carnival will post 2.21 earnings per share for the current year.

About Carnival

Carnival Corporation (NYSE: CCL) is a global cruise operator that provides leisure travel services through a portfolio of passenger cruise brands. The company’s core business is operating cruise ships that offer multi-night voyages and associated vacation services, including onboard accommodations, dining, entertainment, spa and wellness offerings, casinos, youth programs, and organized shore excursions. Carnival markets cruise vacations to a broad range of consumers, from value-focused travelers to premium and luxury segments, through differentiated brand positioning and onboard experiences.

Its operating structure comprises multiple well-known cruise brands that target distinct geographic and demographic markets.