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.

Carnival (NYSE:CUK) last released its earnings results on Tuesday, December 19th. The company reported $0.63 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.47 by $0.16. Carnival had a return on equity of 11.90% and a net margin of 14.88%. equities analysts anticipate that Carnival will post 4.15 earnings per share for the current fiscal year.

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.

Dividend History for Carnival (NYSE:CUK)

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