Carnival plc (NYSE:CUK) declared a quarterly dividend on Friday, April 19th, Wall Street Journal reports. Stockholders of record on Friday, May 24th will be paid a dividend of 0.50 per share on Friday, June 14th. This represents a $2.00 annualized dividend and a dividend yield of 3.87%. The ex-dividend date is Thursday, May 23rd.
Carnival has raised its dividend payment by an average of 21.0% per year over the last three years and has increased its dividend annually for the last 3 consecutive years. Carnival has a dividend payout ratio of 47.6% meaning its dividend is sufficiently covered by earnings.
Shares of Carnival stock opened at $51.62 on Wednesday. The company has a market cap of $10.87 billion, a P/E ratio of 12.12 and a beta of 1.23. Carnival has a twelve month low of $45.17 and a twelve month high of $67.28. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.17 and a current ratio of 0.22.
CUK has been the topic of a number of research analyst reports. Bank of America restated a “neutral” rating on shares of Carnival in a research report on Monday, February 11th. Macquarie initiated coverage on shares of Carnival in a research report on Thursday, May 2nd. They set an “outperform” rating on the stock.
A hedge fund recently raised its stake in Carnival stock. Geode Capital Management LLC boosted its stake in shares of Carnival plc (NYSE:CUK) by 109.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 22,558 shares of the company’s stock after purchasing an additional 11,775 shares during the period. Geode Capital Management LLC’s holdings in Carnival were worth $1,098,000 at the end of the most recent reporting period. 5.33% of the stock is currently owned by institutional investors and hedge funds.
Carnival plc operates as a leisure travel company in North America, Australia, Europe, and Asia. It operates in four segments: North America and Australia Cruise Operations, Europe and Asia Cruise Operations, Cruise Support, and Tour and Other. The company operates cruises under the Carnival Cruise Line, Princess Cruises, Holland America Line, P&O Cruises (Australia), Seabourn, Costa, AIDA, P&O Cruises (UK), and Cunard brand names.
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