Carnival Corporation (CCL) to Issue Quarterly Dividend of $0.15 on August 28th

Carnival Corporation (NYSE:CCL) announced a quarterly dividend on Wednesday, July 8th. Shareholders of record on Friday, August 7th will be paid a dividend of 0.15 per share on Friday, August 28th. This represents a c) annualized dividend and a yield of 2.2%. The ex-dividend date is Friday, August 7th.

Carnival has decreased its dividend by an average of 1.0%annually over the last three years. Carnival has a dividend payout ratio of 27.9% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Carnival to earn $2.60 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 23.1%.

Carnival Trading Up 4.1%

CCL opened at $26.69 on Friday. The stock has a market capitalization of $36.56 billion, a PE ratio of 12.02, a P/E/G ratio of 1.13 and a beta of 2.32. Carnival has a one year low of $23.45 and a one year high of $34.03. The company has a debt-to-equity ratio of 1.80, a quick ratio of 0.29 and a current ratio of 0.33. The business’s 50 day moving average price is $27.40 and its 200 day moving average price is $28.41.

Carnival (NYSE:CCL) last released its quarterly earnings results on Tuesday, June 23rd. The company reported $0.41 EPS for the quarter, topping the consensus estimate of $0.34 by $0.07. Carnival had a return on equity of 26.11% and a net margin of 11.24%.The business had revenue of $6.66 billion during the quarter, compared to analyst estimates of $6.69 billion. During the same period last year, the business posted $0.35 earnings per share. The company’s quarterly revenue was up 5.3% on a year-over-year basis. Carnival has set its FY 2026 guidance at 2.220-2.220 EPS and its Q3 2026 guidance at 1.350-1.350 EPS. As a group, equities research analysts expect that Carnival will post 2.22 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have recently commented on CCL shares. Mizuho raised their price target on Carnival from $38.00 to $39.00 and gave the company an “outperform” rating in a report on Friday, March 27th. Weiss Ratings cut Carnival from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, May 18th. Truist Financial reduced their target price on Carnival from $30.00 to $29.00 and set a “hold” rating for the company in a report on Friday, May 22nd. TD Cowen boosted their target price on shares of Carnival from $33.00 to $34.00 and gave the stock a “buy” rating in a research report on Friday, May 15th. Finally, Freedom Capital raised shares of Carnival to a “strong-buy” rating in a research note on Wednesday, June 3rd. One research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Carnival currently has an average rating of “Moderate Buy” and an average price target of $34.99.

About Carnival

Carnival Corporation (NYSE: CCL) is a global cruise operator that provides leisure travel services through a portfolio of passenger cruise brands. The company’s core business is operating cruise ships that offer multi-night voyages and associated vacation services, including onboard accommodations, dining, entertainment, spa and wellness offerings, casinos, youth programs, and organized shore excursions. Carnival markets cruise vacations to a broad range of consumers, from value-focused travelers to premium and luxury segments, through differentiated brand positioning and onboard experiences.

Its operating structure comprises multiple well-known cruise brands that target distinct geographic and demographic markets.