Carnival Corp raises its dividend!

https://www.theglobeandmail.com/globe-investor/news-sources/?date=+20171019&archive=prnews&slug=CL20285

Carnival Corporation & plc Announces Second Quarterly Dividend Increase In 2017

09:15 EDT Thursday, October 19, 2017

MIAMI, Oct. 19, 2017 /PRNewswire/ -- Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK) has announced a 12 percent increase in its quarterly dividend to $0.45 per share from the previous dividend amount of $0.40 per share.

"The increase in our quarterly dividend follows a 14 percent increase earlier this year reflecting continued confidence in our sustained earnings improvement and strong cash flow. The increased dividend, combined with our ongoing share repurchase program, affirms our continued commitment to return cash to shareholders," said David Bernstein, chief financial officer for Carnival Corporation & plc.

The board approved a record date for the quarterly dividend of November 24, 2017 with a payment date of December 15, 2017. Holders of Carnival Corporation common stock and Carnival plc ADSs will receive the dividend payable in U.S. dollars. The dividend for Carnival plc ordinary shares will be payable in U.S. dollars or sterling. In the absence of instructions or elections to the contrary, holders of Carnival plc ordinary shares will automatically receive the dividend in 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 December 1, 2017. Holders of Carnival plc ordinary shares wishing to receive their dividend in U.S. dollars or participate in the Carnival plc Dividend Reinvestment Plan must elect to do so by November 24, 2017.

Carnival Corporation & plc is the world's largest leisure travel company and among the most profitable and financially strong in the cruise and vacation industries, with a portfolio of 10 dynamic brands that include nine of the world's leading cruise lines. With operations in North America, Europe, Australia and Asia, its portfolio features Carnival Cruise Line, Holland America Line, Princess Cruises, Seabourn, AIDA Cruises, Costa Cruises, Cunard, P&O Cruises (Australia) and P&O Cruises (UK), as well as Fathom, the corporation's immersion and enrichment experience brand.

Together, the corporation's cruise lines operate 103 ships with 231,000 lower berths visiting over 700 ports around the world, with 18 new ships scheduled to be delivered between 2018 and 2022. Carnival Corporation & plc also operates Holland America Princess Alaska Tours, the leading tour company in Alaska and the Canadian Yukon. Traded on both the New York and London Stock Exchanges, Carnival Corporation & plc is the only group in the world to be included in both the S&P 500 and the FTSE 100 indices.

In 2017, Fast Company recognized Carnival Corporation as being among the "Top 10 Most Innovative Companies" in both the design and travel categories. Fast Company specifically recognized Carnival Corporation for its work in developing Ocean Medallion?, a high-tech wearable device that enables the world's first interactive guest experience platform capable of transforming vacation travel into a highly personalized and elevated level of customized service.

Additional information can be found on www.carnival.com, www.fathom.org, www.hollandamerica.com, www.princess.com, www.seabourn.com, www.aida.de, www.costacruise.com, www.cunard.com, www.pocruises.com.au and www.pocruises.com.

Thank you for the information.

That is good news.

Hip, hip, hooray, Carnival Corporation!!!

(y)(y)(y)

Thanks for the info, good news for all of us holding the stocks!

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Going in the right direction! I just love that check when it comes in---it's like a Christmas present, but without all the work of that holiday!

So I guess that means that, among the Carnival Corp "family", Orlando Ashford is doing the job he was hired to do for HAL? ( Even though many of us question just where he is taking HAL).

So I guess that means that, among the Carnival Corp "family", Orlando Ashford is doing the job he was hired to do for HAL? ( Even though many of us question just where he is taking HAL).

Not necessarily - it depends upon how HAL added to Carnival's total bottom line ;)

Good news on the dividend but not surprising. Markets have been favouring good performing stocks and CLL has been climbing steadily.

Thanks for sharing!

WooHoo, another $5 every quarter!:eek:

... Markets have been favouring good performing stocks and CLL has been climbing steadily.

Interesting observation, especially considering that a lot of "good performing stocks" are in companies that pay little or no dividends.

Interesting observation, especially considering that a lot of "good performing stocks" are in companies that pay little or no dividends.

Different stocks work differently but here, in Canada, most of the "good performing stocks" and actually top in the TSX do pay dividends and good ones at that ;)

Different stocks work differently but here, in Canada, most of the "good performing stocks" and actually top in the TSX do pay dividends and good ones at that ;)

Some of the largest (and very profitable) companies in the US do not pay dividends, including many that you probably recognize, such as: Berkshire Hathaway, Amazon.com, Facebook, Google, eBay, Yahoo, Priceline.com, Adobe, Biogen, American International (AIG), etc., etc.

Does this mean that none of these stocks is listed on TSX?:confused:

Bought my CCL stock in 2012 at $30 and at the time the dividend was 25 cents/quarter. Stock has more than doubled and dividend has now up 80% since then. Plus all the stockholder OBC we have gotten over the years - made this the best investment ever!

Bought my CCL stock in 2012 at $30 and at the time the dividend was 25 cents/quarter. Stock has more than doubled and dividend has now up 80% since then. Plus all the stockholder OBC we have gotten over the years - made this the best investment ever!

(y)(y)(y)

Some of the largest (and very profitable) companies in the US do not pay dividends, including many that you probably recognize, such as: Berkshire Hathaway, Amazon.com, Facebook, Google, eBay, Yahoo, Priceline.com, Adobe, Biogen, American International (AIG), etc., etc.

Does this mean that none of these stocks is listed on TSX?:confused:

Many of them are not. TSX is the Candian stock exchange. Some Canadian stocks are now listed on the Dow (like RBC) but the reverse is not always true.

Here is the listing - feel free to check for yourself. https://www.tmxmoney.com/en/research/listed_company_directory.html

Bought my CCL stock in 2012 at $30 and at the time the dividend was 25 cents/quarter. Stock has more than doubled and dividend has now up 80% since then. Plus all the stockholder OBC we have gotten over the years - made this the best investment ever!

Agree Dave, I bought under $35 after reading the boards on the OBC.

Even though I buy stocks for investment, I looked on this as a dual investment. I get tax free OBC in U.S. $ (exchange rate is a killer) and a good stock.

The OBC has given me over a 15% dividend on it's own at least so I have been a happy camper especially while I am cruising. It's the one stock I have told my FP is not open to discussion. ;)

Bought in at 32....Financial Planner strongly advised against the buy....turns out he knew next to NOTHING about CCL or cruises in general...no idea of the expansion in Asia and Australia etc.

Perhaps the best investment ever considering price, OBC, dividends etc. I do like the idea of owning stock in a company that some kid on a laptop can't put out of biz by coming up with a better online "ship"....unless he has a few hundred million bucks he/she is not likely to go into the cruise ship biz.

One of the main reasons I bought the stock (other than the stockholder benefit) was I thought the aging baby boomers were just coming into their peak cruising years.

I agree - value has more than doubled since purchase, dividend keeps going up, and all that nice OBC.

I bought only last year but I have still been very pleased with the performance!

That is a nice little Dividend.

That is a nice little Dividend.

Thanks for the information. A nice bonus on top of the OBC. Enjoy seeing that added to our reservations.

Good news.

Thank you for posting this information

Thank you. That is great news!

Bought in at 32....Financial Planner strongly advised against the buy....turns out he knew next to NOTHING about CCL or cruises in general...no idea of the expansion in Asia and Australia etc.

 

Perhaps the best investment ever considering price, OBC, dividends etc. I do like the idea of owning stock in a company that some kid on a laptop can't put out of biz by coming up with a better online "ship"....unless he has a few hundred million bucks he/she is not likely to go into the cruise ship biz.

We got the same reaction when we bought around 26! Dozens of cruises an dividends later, we're the ones smiling now!