Carnival plc (CUK) to Issue $0.45 Quarterly Dividend
Carnival plc (NYSE:CUK) declared a quarterly dividend on Friday, January 19th, Wall Street Journal reports. Investors 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 dividend on an annualized basis and a yield of 2.61%. The ex-dividend date of this dividend is Thursday, February 22nd.
Carnival has raised its dividend payment 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% meaning its dividend is sufficiently covered by earnings.
Carnival (NYSE:CUK) traded down $0.37 during trading hours on Friday, reaching $69.03. The company had a trading volume of 361,455 shares, compared to its average volume of 321,262. The stock has a market capitalization of $49,170.00, a price-to-earnings ratio of 19.23 and a beta of 0.70. Carnival has a 52-week low of $51.96 and a 52-week high of $70.56. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.16 and a current ratio of 0.21.
In other Carnival news, General Counsel Arnaldo Perez sold 15,166 shares of the firm’s stock in a transaction on Wednesday, December 27th. The stock was sold at an average price of $66.59, for a total value of $1,009,903.94. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Stein Kruse sold 60,665 shares of the firm’s stock in a transaction on Wednesday, December 27th. The shares were sold at an average price of $66.59, for a total value of $4,039,682.35. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 268,352 shares of company stock worth $17,977,933. 0.04% of the stock is owned by insiders.
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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.
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