Carnival Cruises Ahead With Steady Dividend

Cruise ship operator Carnival (NYSE: CCL  ) (NYSE: CUK  )  announced today its third-quarter dividend of $0.25 per share, the same rate it's paid since 2011.

The board of directors said the quarterly dividend is payable on Sept. 13 to the holders of record at the close of business on Aug. 23. The cruise line operator said investors in its Carnival stock, as well as its American depository shares, which trade on the NYSE under the symbol CCL, will receive the payout in U.S. dollars. Holders of its stock representing its London-based operations, which trade on the NYSE under the symbol CUK, will be paid in either U.S. dollars or sterling. 

Dividends payable in sterling will be converted from U.S. dollars at the exchange rate quoted by the Bank of England in London at 12 noon on Sept. 3.

Carnival paid a special dividend of $0.50 per share last December.

The regular dividend payment equates to a $1.00-per-share annual dividend, yielding 2.8% based on the closing price today of Carnival's stock and ADS and yields 2.7% for its London-based operations stock.

CCL Dividend Chart

CCL Dividend data by YCharts. Chart reflects special dividend paid in December 2012

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Rich Duprey

Rich has been a Fool since 1998 and writing for the site since 2004. After 20 years of patrolling the mean streets of suburbia, he hung up his badge and gun to take up a pen full time.

Having made the streets safe for Truth, Justice and Krispy Kreme donuts, he now patrols the markets looking for companies he can lock up as long-term holdings in a portfolio. So follow me on Facebook and Twitter for the most important industry news in retail and consumer products and other great stories.


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Related Tickers

10/9/2015 1:25 PM
CCL $49.24 Down -0.38 -0.77%
Carnival Corp CAPS Rating: ***
CUK $50.74 Down -0.73 -1.42%
Carnival plc (ADR) CAPS Rating: **