Carnival Corporation (NYSE:CCL) Shareholders to Collect $0.15 Quarterly Dividend

Key Points

• Carnival declared a quarterly dividend of $0.15 per share, payable November 27 to shareholders of record on November 6. The annualized dividend is $0.60 per share, representing a 2.2% yield.
• The dividend appears well covered, with a current payout ratio of 27.9%; analysts expect next year’s earnings to support an estimated payout ratio of 23.5%.
• Carnival recently exceeded quarterly earnings and revenue expectations, reporting $1.43 in EPS and $8.44 billion in revenue. Shares opened at $27.05, while institutional investors own 67.19% of the company.

Carnival Corporation (NYSE:CCL - Get Free Report) declared a quarterly dividend on Thursday, October 22nd. Stockholders of record on Friday, November 6th will be given a dividend of $0.15 per share on Friday, November 27th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend is Friday, November 6th.

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 $2.55 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 23.5%.

Carnival Stock Down 0.9%

Shares of NYSE:CCL opened at $27.05 on Friday. Carnival has a 52-week low of $21.45 and a 52-week high of $34.03. The company has a market capitalization of $36.38 billion, a PE ratio of 11.47, a price-to-earnings-growth ratio of 1.17 and a beta of 2.38. The company has a debt-to-equity ratio of 1.54, a quick ratio of 0.23 and a current ratio of 0.27. The company has a fifty day moving average of $24.70 and a 200-day moving average of $26.47.

Carnival (NYSE:CCL - Get Free Report) last posted its earnings results on Tuesday, September 29th. The company reported $1.43 earnings per share for the quarter, topping analysts' consensus estimates of $1.35 by $0.08. The firm had revenue of $8.44 billion for the quarter, compared to analyst estimates of $8.39 billion. Carnival had a net margin of 11.37% and a return on equity of 24.83%. The company's revenue for the quarter was up 3.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.43 EPS. Carnival has set its Q4 2026 guidance at 0.200-0.200 EPS and its FY 2026 guidance at 2.240-2.240 EPS. On average, equities analysts predict that Carnival will post 2.26 EPS for the current fiscal year.

Institutional Trading of Carnival

Hedge funds have recently added to or reduced their stakes in the stock. Manning & Napier Advisors LLC bought a new position in shares of Carnival during the 2nd quarter worth $25,000. Basecamp Wealth Advisors LLC raised its stake in Carnival by 107.8% in the 1st quarter. Basecamp Wealth Advisors LLC now owns 1,045 shares of the company's stock valued at $27,000 after acquiring an additional 542 shares during the period. Physician Wealth Advisors Inc. lifted its holdings in Carnival by 116.9% during the third quarter. Physician Wealth Advisors Inc. now owns 1,093 shares of the company's stock valued at $27,000 after purchasing an additional 589 shares during the last quarter. Axiom Investment Management LLC bought a new position in Carnival during the second quarter worth about $29,000. Finally, Ancora Advisors LLC bought a new position in Carnival during the second quarter worth about $29,000. Institutional investors own 67.19% of the company's stock.

About Carnival

Carnival Corporation & plc NYSE: CCL is one of the world's largest leisure travel and cruise companies. It operates cruise lines that provide vacation travel, onboard entertainment, dining, accommodations, recreational activities and shore excursions. The company's brands serve a broad range of travelers, from mainstream and contemporary vacationers to premium and luxury guests.

Carnival's portfolio includes Carnival Cruise Line, Princess Cruises, Holland America Line, Seabourn, Cunard, Costa Cruises, AIDA Cruises, P&O Cruises UK and P&O Cruises Australia.

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