Cruise ship operator Carnival has set the currency exchange ratio for its second-quarter dividend for shareholders of its London-based operations, which trade on the NYSE under the symbol CUK, at 16.39022 pence per share.
It announced in April it would set the currency exchange ratio at noon on June 3 and the Bank of England in London quoted a rate then of one U.S. dollar equal to 65.56087 pence.
Shareholders of its Miami-based operations, which trade on the NYSE under the symbol CCL, will receive a payout of $0.25 per share, payable on June 14 to shareholders of record on May 24, as it previously declared. That's the same rate it's paid since 2011.
Carnival has made quarterly cash payouts since 1994. The regular dividend payment equates to a $1.00-per-share annual dividend, yielding 2.9% based on the closing price of Carnival's stock on June 4.
The article Carnival Cruises With Steady Dividend originally appeared on Fool.com.
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