Carnival plc (NYSE:CUK) announced a quarterly dividend on Tuesday, April 11th. Stockholders of record on Friday, May 26th will be paid a dividend of 0.40 per share on Friday, June 16th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.61%. The ex-dividend date is Wednesday, May 24th. This is an increase from Carnival plc’s previous quarterly dividend of $0.35.
Carnival plc has raised its dividend by an average of 10.5% annually over the last three years. Carnival plc has a payout ratio of 44.4% meaning its dividend is sufficiently covered by earnings. Analysts expect Carnival plc to earn $4.06 per share next year, which means the company should continue to be able to cover its $1.60 annual dividend with an expected future payout ratio of 39.4%.
Shares of Carnival plc (NYSE:CUK) opened at 61.32 on Friday. The stock’s 50 day moving average is $59.78 and its 200-day moving average is $54.81. The firm has a market cap of $44.52 billion, a P/E ratio of 15.11 and a beta of 0.67. Carnival plc has a one year low of $43.45 and a one year high of $63.21.
Carnival plc (NYSE:CUK) last announced its quarterly earnings data on Tuesday, March 28th. The company reported $0.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.05. The business had revenue of $3.79 billion for the quarter. Carnival plc had a net margin of 16.96% and a return on equity of 11.35%. Analysts anticipate that Carnival plc will post $3.57 EPS for the current fiscal year.
In other Carnival plc news, Director Richard Glasier sold 6,000 shares of the stock in a transaction that occurred on Thursday, April 13th. The shares were sold at an average price of $58.29, for a total transaction of $349,740.00. Following the transaction, the director now owns 26,684 shares of the company’s stock, valued at $1,555,410.36. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Sir John Parker sold 19,965 shares of the stock in a transaction that occurred on Friday, April 28th. The stock was sold at an average price of $60.98, for a total transaction of $1,217,465.70. Following the transaction, the director now directly owns 22,798 shares in the company, valued at approximately $1,390,222.04. The disclosure for this sale can be found here. Corporate insiders own 0.01% of the company’s stock.
A number of institutional investors have recently bought and sold shares of the company. Credit Suisse AG bought a new position in Carnival plc during the first quarter worth $270,000. Morgan Stanley increased its position in Carnival plc by 69.7% in the first quarter. Morgan Stanley now owns 56,653 shares of the company’s stock worth $3,280,000 after buying an additional 23,276 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in Carnival plc by 5.8% in the first quarter. Geode Capital Management LLC now owns 4,867 shares of the company’s stock worth $281,000 after buying an additional 265 shares in the last quarter. 2.50% of the stock is currently owned by institutional investors.
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Carnival plc Company Profile
Carnival plc is a leisure travel company. The Company’s segments include North America, and Europe, Australia & Asia (EAA). Its North America segment includes Carnival Cruise Line, Princess Cruises (Princess), Holland America Line and Seabourn. Its EAA segment includes Costa Cruises (Costa), AIDA Cruises (AIDA), P&O Cruises (the United Kingdom), P&O Cruises (Australia) and Cunard.
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