Carnival Cruises Ahead With Steady Dividend
Cruise ship operator Carnival announced today its third-quarter dividend of $0.25 per share, the same rate it's paid since 2011.
The board of directors said the quarterly dividend is payable on Sept. 13 to the holders of record at the close of business on Aug. 23. The cruise line operator said investors in its Carnival stock, as well as its American depository shares, which trade on the NYSE under the symbol CCL, will receive the payout in U.S. dollars. Holders of its stock representing its London-based operations, which trade on the NYSE under the symbol CUK, will be paid in either U.S. dollars or 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 Sept. 3.
Carnival paid a special dividend of $0.50 per share last December.
The regular dividend payment equates to a $1.00-per-share annual dividend, yielding 2.8% based on the closing price today of Carnival's stock and ADS and yields 2.7% for its London-based operations stock.
The article Carnival Cruises Ahead With Steady Dividend originally appeared on Fool.com.Fool contributor Rich Duprey and The Motley Fool have no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.