drowelf Posted March 5, 2020 #126 Share Posted March 5, 2020 (edited) 8 minutes ago, drowelf said: Deleted Not sure how I quoted my own post. Edited March 5, 2020 by drowelf Link to comment Share on other sites More sharing options...
satxdiver Posted March 5, 2020 #127 Share Posted March 5, 2020 The market has jitters since the COVID19 outbreak was first announced. Nobody knows of course when the market will stabilize. The market goes up one day and retreats the next. CA keeping the Grand setting off the coast of SF and Grand Cayman as well as Jamaica denying ships has perhaps hit CCL again as the stock is at $28.59 while RCL is at $67.04 this morning. For most of last week both were sitting around $33 and $78 more or less. I imagine there is more to come in volatility. Link to comment Share on other sites More sharing options...
rj42 Posted March 5, 2020 #128 Share Posted March 5, 2020 It's hard to beat the Carnival yield, especially now, at over 7%. With 10-year Treasuries below 1% now, it's a way for retirees to get some additional income, if you're willing to hold onto the shares and Carnival doesn't cut the dividend. If you factor in the shareholder credit, it makes it even more comforting to hold onto the stock, at least for those like me who only have 100 shares. Link to comment Share on other sites More sharing options...
Corazu Posted March 5, 2020 #129 Share Posted March 5, 2020 Is the CCL dividend tied to earnings? That may not pay out over the next year or so if they're going to take a bit hit. Over the long haul though, it's a good target. I don't think it's done falling yet though which is why I'm waiting and watching. Link to comment Share on other sites More sharing options...
Griller Posted March 5, 2020 #130 Share Posted March 5, 2020 2 minutes ago, rj42 said: It's hard to beat the Carnival yield, especially now, at over 7%. With 10-year Treasuries below 1% now, it's a way for retirees to get some additional income, if you're willing to hold onto the shares and Carnival doesn't cut the dividend. If you factor in the shareholder credit, it makes it even more comforting to hold onto the stock, at least for those like me who only have 100 shares. Thats my worry not so much if they cut or suspend the dividend but IF its a big IF and looks a distinct possibility. Its happened before when CCL had the opportunity of repaying bonds or the interest rate was going to go up a lot - so they suspended the dividend and used the money to buy back the bonds. It was in the shareholders interest long-term. Generally what keeps me happy is that Michael Arison owns a huge chunk of stock so whatever happens to us also happens to him - bigtime. 1 Link to comment Share on other sites More sharing options...
Griller Posted March 5, 2020 #131 Share Posted March 5, 2020 (edited) 4 minutes ago, Corazu said: Is the CCL dividend tied to earnings? That may not pay out over the next year or so if they're going to take a bit hit. Over the long haul though, it's a good target. I don't think it's done falling yet though which is why I'm waiting and watching. I think CCL pays out about half of net earnings as dividends, it has varied before with earnings fluctuation. The other half gets reinvested in new ships etc. Edited March 5, 2020 by Griller Link to comment Share on other sites More sharing options...
satxdiver Posted March 5, 2020 #132 Share Posted March 5, 2020 1 minute ago, Corazu said: Is the CCL dividend tied to earnings? That may not pay out over the next year or so if they're going to take a bit hit. Over the long haul though, it's a good target. I don't think it's done falling yet though which is why I'm waiting and watching. As with all stock the dividend is certainly tied to earnings. One major alert to a company in serious trouble is when they cut dividends which many times results in a selloff driving down the price of their stock even more. While many companies with earnings problems may look at cutting dividends, this weighs heavily on their decision. I don't expect CCL to cut dividends in the near future with this in mind. There is no guarantee they won't, but very highly unlikely. 1 Link to comment Share on other sites More sharing options...
satxdiver Posted March 5, 2020 #133 Share Posted March 5, 2020 5 minutes ago, Griller said: Its happened before when CCL had the opportunity of repaying bonds or the interest rate was going to go up a lot - so they suspended the dividend and used the money to buy back the bonds. I did not remember this happening. Do you remember when CCL suspended the dividend? Link to comment Share on other sites More sharing options...
Griller Posted March 5, 2020 #134 Share Posted March 5, 2020 14 minutes ago, satxdiver said: I did not remember this happening. Do you remember when CCL suspended the dividend? 31st October 2008 Link to comment Share on other sites More sharing options...
Rare CineGraphic Posted March 5, 2020 #135 Share Posted March 5, 2020 From Market Watch: Shares of cruise operators are suffering double-digit percentage selloffs Thursday to multi-year lows, as investor fears of the coronavirus outbreak intensify. Shares Royal Caribbean Cruises Ltd. RCL, -17.185% tumbled 16.6%, putting them on track for the lowest close since Sept. 19, 2016, and for the biggest one-day drop since Jan. 30, 2009. Carnival Corp.'s stock CCL, -14.140% dove 12.7%, and is headed for the biggest one-day drop since April 27, 2009 and for the lowest close since Aug. 17, 2009. Norwegian Cruise Line Holdings Ltd.'s shares NCLH, -14.879% dove 13.2%, which would be the biggest one-day decline since the company went public in January 2013, as they head toward the lowest close since June 24, 2013. Of the three, J.P. Morgan analyst Joseph Greff said Royal Caribbean, rated overweight, was the "best positioned" to weather the ongoing slowdown from a growth perspective, and subsequently "the best positioned to outperform coming out on the other side." Greff also rates Norwegian overweight, saying he sees "value for patient investors," while he rates Carnival neutral given his belief the company will "underperform faster growth peers coming out of this event." The cruise stocks' selloff comes amid a broad stock market selloff, in which the Dow Jones Industrial Average DJIA, -3.364% is shedding 791 points, or 2.9%. Link to comment Share on other sites More sharing options...
Justalone Posted March 5, 2020 #136 Share Posted March 5, 2020 (edited) I have put options on CCL. Stock drops 15% and going lower to day. Was told CCL may suspend dividends. Discontinue OBC. Buy order at $11. Edited March 5, 2020 by Justalone 1 Link to comment Share on other sites More sharing options...
MissP22 Posted March 5, 2020 #137 Share Posted March 5, 2020 3 minutes ago, Justalone said: I have put options on CCL. Stock drops 15% today. Bid $27.69. Was told CCL may suspend dividends. You'll have it by 2 PM. Link to comment Share on other sites More sharing options...
satxdiver Posted March 5, 2020 #138 Share Posted March 5, 2020 16 minutes ago, Griller said: 31st October 2008 It took a lot of digging but I found it. CCL did not pay a dividend in 2009. They restarted paying dividends in 1Q 2010 and have continued since. I first bought the stock in 2009 but forgot about the dividend suspension. Thanks for the info. https://www.dividendchannel.com/symbol/ccl/ 1 Link to comment Share on other sites More sharing options...
caribill Posted March 5, 2020 #139 Share Posted March 5, 2020 40 minutes ago, satxdiver said: One major alert to a company in serious trouble is when they cut dividends which many times results in a selloff driving down the price of their stock even more. While many companies with earnings problems may look at cutting dividends, this weighs heavily on their decision. I once worked for a company that did a major cut to its dividend when financial pressures occurred. The stock price took a nosedive. The CEO later said cutting the dividend was the worst decision he ever made. 1 Link to comment Share on other sites More sharing options...
npcl Posted March 5, 2020 #140 Share Posted March 5, 2020 1 hour ago, Justalone said: I have put options on CCL. Stock drops 15% today. Bid $27.69. Was told CCL may suspend dividends. Discontinue OBC. Buy order at $11. I expect them to drop dividends, but there is no reason for them to drop OBC. Low cost marketing program. Would not be surprised if they increase OBC. 2 Link to comment Share on other sites More sharing options...
satxdiver Posted March 5, 2020 #141 Share Posted March 5, 2020 41 minutes ago, Justalone said: I have put options on CCL. Stock drops 15% and going lower to day. Was told CCL may suspend dividends. Discontinue OBC. Buy order at $11. Now that is optimistic thinking. Hopefully we will not get to that point but maybe we will. 1 Link to comment Share on other sites More sharing options...
Colo Cruiser Posted March 5, 2020 #142 Share Posted March 5, 2020 44 minutes ago, Justalone said: I have put options on CCL. Stock drops 15% and going lower to day. Was told CCL may suspend dividends. Discontinue OBC. Buy order at $11. So OBC is going away. Who told you that? I call Bunk. Link to comment Share on other sites More sharing options...
Esprit Posted March 5, 2020 #143 Share Posted March 5, 2020 The March 2020 dividend has been declared and WILL therefore be paid. Future dividends more likely may be reduced. Shareholder OBC will IMO stay. Such a shame this year’s AGM is in the US and not the UK. I would have definitely attended it this month. Link to comment Share on other sites More sharing options...
Rare Rick&Jeannie Posted March 5, 2020 #144 Share Posted March 5, 2020 7 minutes ago, Colo Cruiser said: So OBC is going away. Who told you that? I call Bunk. Well...there just may be something to this. I just came from my broker this morning (where I bought 100 shares at 29.11) and was looking for the current form to download. Nowhere to be found on the CarnivalCorp site. Of course I may just be blind and overlooking it. There are a couple of old forms that Google offers up from non-Carnival sources that have old dates embedded. Can anybody point me to the correct form? Link to comment Share on other sites More sharing options...
Rare Rick&Jeannie Posted March 5, 2020 #145 Share Posted March 5, 2020 2 minutes ago, Rick&Jeannie said: Well...there just may be something to this. I just came from my broker this morning (where I bought 100 shares at 29.11) and was looking for the current form to download. Nowhere to be found on the CarnivalCorp site. Of course I may just be blind and overlooking it. There are a couple of old forms that Google offers up from non-Carnival sources that have old dates embedded. Can anybody point me to the correct form? They still have the benefit chart showing the different cruise length benefits but I can't find the form now. Link to comment Share on other sites More sharing options...
Colo Cruiser Posted March 5, 2020 #146 Share Posted March 5, 2020 5 minutes ago, Rick&Jeannie said: Well...there just may be something to this. I just came from my broker this morning (where I bought 100 shares at 29.11) and was looking for the current form to download. Nowhere to be found on the CarnivalCorp site. Of course I may just be blind and overlooking it. There are a couple of old forms that Google offers up from non-Carnival sources that have old dates embedded. Can anybody point me to the correct form? So you just bought the shares today and you are already declaring the OBC is going because you cant find the form? Seriously? SMH 2 Link to comment Share on other sites More sharing options...
travelhound Posted March 5, 2020 #147 Share Posted March 5, 2020 I'm not sure there is a current form. On the website they just tell you to write a cover letter with your legal name, sailing date, reservation number, and ship and include your proof of stocks. Either snail mail or fax. We did it at the beginning of last week and had it in our account within a couple of hours. I agree that there's no reason to get rid of the OBC. That doesn't cost them much and if you're going to use it, you have to be on a ship spending other money. The dividend is a different story. We bought it for our daughter less than two weeks ago at $42+. We also have puts at $30, with premium bringing it to a strike price of about 27. Maybe owning $75K more of CCL by tomorrow. :( When we added that put, it would have to drop 30% to be assigned. Didn't take long. 1 Link to comment Share on other sites More sharing options...
Rare Rick&Jeannie Posted March 5, 2020 #148 Share Posted March 5, 2020 Well...Seriously...why has the form suddenly disappeared? I'm not "declaring" anything other than the fact that I cannot find the form. I am simply looking for guidance. Link to comment Share on other sites More sharing options...
ed01106 Posted March 5, 2020 #149 Share Posted March 5, 2020 Just now, Rick&Jeannie said: Well...Seriously...why has the form suddenly disappeared? I'm not "declaring" anything other than the fact that I cannot find the form. I am simply looking for guidance. https://www.carnivalcorp.com/shareholder-information/shareholder-benefit Link to comment Share on other sites More sharing options...
travelhound Posted March 5, 2020 #150 Share Posted March 5, 2020 Here are the full instructions. https://www.carnivalcorp.com/static-files/50351a91-4dc0-4f6b-bfec-684647e6129f Link to comment Share on other sites More sharing options...
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