Accuracy Coverage Pricing Contact
Carnival

Carnival (CCL)

Carnival is a cruise operator with a portfolio of cruise brands in North America, Europe and Australia. In 2003 the company combined with P&O Princess Cruises to form one of the largest leisure travel companies in the world. The group now encompasses brands such as Carnival Cruise Lines, Holland America Line and Princess Cruises.

Fundamentals

Optimized Dividends

Annual Dividends

Year Amount Change
2006 65.0p
2007 87.0p 33.8%
2008 102.0p 17.2%
2009 0.0p (100.0%)
2010 26.0p 100%
2011 61.8p 137.7%
2012 63.3134p 2.4%
2013 64.3483p 1.6%
2014 60.8842p (5.4%)
2015 72.1074p 18.4%
2016 99.62p 38.2%
2017 123.0023p 23.5%
2018 Login required
2019 Login required
2020 Login required

Dividends

Ex-Div Date Pay Date Year Type Frequency Status Amount
17 Nov 2010 10 Dec 2010 2010 Final Annually Paid 26p
16 Feb 2011 11 Mar 2011 2011 Interim Quarterly Paid 15.23p
18 May 2011 10 Jun 2011 2011 Interim Quarterly Paid 15.23p
24 Aug 2011 16 Sep 2011 2011 Interim Quarterly Paid 15.43p
23 Nov 2011 16 Dec 2011 2011 Final Quarterly Paid 15.91p
22 Feb 2012 16 Mar 2012 2012 Interim Quarterly Paid 25p
23 May 2012 15 Jun 2012 2012 Interim Quarterly Paid 16.318p (25c)
22 Aug 2012 14 Sep 2012 2012 Interim Quarterly Paid 15.749p (25c)
21 Nov 2012 14 Dec 2012 2012 Final Quarterly Paid 15.57p (25c)
05 Dec 2012 28 Dec 2012 2012 Special Irregularly Paid 31.5p (50c)
20 Feb 2013 15 Mar 2013 2013 Interim Quarterly Paid 16.647p (25c)
22 May 2013 14 Jun 2013 2013 Interim Quarterly Paid 16.39p (25c)
21 Aug 2013 13 Sep 2013 2013 Interim Quarterly Paid 16.05p (25c)
20 Nov 2013 13 Dec 2013 2013 Final Quarterly Paid 15.262p (25c)
19 Feb 2014 14 Mar 2014 2014 Interim Quarterly Paid 14.956p (25c)
21 May 2014 13 Jun 2014 2014 Interim Quarterly Paid 14.9p (25c)
20 Aug 2014 12 Sep 2014 2014 Interim Quarterly Paid 15.119p (25c)
20 Nov 2014 12 Dec 2014 2014 Final Quarterly Paid 15.91p (25c)
19 Feb 2015 13 Mar 2015 2015 Interim Quarterly Paid 16.23p (25c)
21 May 2015 12 Jun 2015 2015 Interim Quarterly Paid 16.441p (25c)
20 Aug 2015 11 Sep 2015 2015 Interim Quarterly Paid 19.54p (30c)
19 Nov 2015 11 Dec 2015 2015 Final Quarterly Paid 19.897p (30c)
18 Feb 2016 11 Mar 2016 2016 Interim Quarterly Paid 21.47p (30c)
26 May 2016 17 Jun 2016 2016 Interim Quarterly Paid 24.24p (35c)
25 Aug 2016 16 Sep 2016 2016 Interim Quarterly Paid 26.18p (35c)
24 Nov 2016 16 Dec 2016 2016 Final Quarterly Paid 27.73p (35c)
23 Feb 2017 17 Mar 2017 2017 Interim Quarterly Paid 28.414p (35c)
25 May 2017 16 Jun 2017 2017 Interim Quarterly Paid 31.1p (40c)
24 Aug 2017 15 Sep 2017 2017 Interim Quarterly Paid 29.994p (40c)
23 Nov 2017 15 Dec 2017 2017 Final Quarterly Paid 33.495p (45c)
22 Feb 2018 16 Mar 2018 2018 Interim Quarterly Paid 32.263p (45c)
24 May 2018 15 Jun 2018 2018 Interim Quarterly Paid 37.722p (50c)
23 Aug 2018 14 Sep 2018 2018 Interim Quarterly Paid 38.127p (50c)
22 Nov 2018 14 Dec 2018 2018 Final Quarterly Paid 39.546p (50c)
Login Login 2019 Interim Quarterly Forecast Login
Login Login 2019 Interim Quarterly Forecast Login
Login Login 2019 Interim Quarterly Forecast Login
Login Login 2019 Final Quarterly Forecast Login
Login Login 2020 Interim Quarterly Forecast Login
Login Login 2020 Interim Quarterly Forecast Login
Login Login 2020 Interim Quarterly Forecast Login
Login Login 2020 Final Quarterly Forecast Login

Recent news articles

Investment Tools Limited


4Q and Full Year Highlights

- 4Q net revenue yields in constant dollars decreased 2.1% compared to the
prior year, which was better than the company's September guidance, down 3 to 4%
- 4Q net cruise costs excluding fuel per available lower berth day ("ALBD")
increased 6.5% in constant dollars driven by higher advertising spend, and was higher
than September guidance, up 3.5 to 4.5%
- 4Q non-GAAP earnings per share (diluted) of $0.04, compared to $0.14 for the
prior year
- Full year non-GAAP earnings per share (diluted) of $1.58, compared to $1.94
for the prior year

Outlook

- At this time, cumulative advance bookings for 2014 are behind the prior
year at prices in line with prior year levels
- Net revenue yields on a constant dollar basis for full year 2014 expected to
be down slightly compared to the prior year
- Net cruise costs excluding fuel per ALBD for full year 2014 expected to be
slightly higher than prior year on a constant dollar basis
- Full year 2014 non-GAAP earnings per share (diluted) expected to be in the
range of $1.40 to $1.80, compared to $1.58 for 2013
- 1Q 2014 non-GAAP losses per share (diluted) expected to be in the range of
$(0.07) to $(0.11), compared to non-GAAP earnings per share of $0.09 in 1Q 2013

President and Chief Executive Officer Arnold Donald commenting on these results:

"Accelerated progress in Carnival Cruise Lines' brand recovery had a positive impact
on fourth quarter results. A steady stream of innovative product initiatives, the launch
of a nationwide marketing campaign and travel agent outreach program, as well as an
industry-leading vacation guarantee fueled the brand's improvement."

"Even in a challenging year, our company continued to produce strong cash from
operations approaching $3 billion, funding our capital commitments and returning value to
shareholders through regular dividend distributions of $775 million and share repurchases
of $100 million."

"We are catching up on booking volumes and gaining momentum as we enter 2014. We
believe the compelling value we have in the marketplace will continue to stimulate strong
demand leading to a solid wave period. We continue to expect revenue yields to turn
positive in the second half of 2014 compared to the prior year."

"With over 100 ships and more than 10 million guests we have a scale advantage that
cannot be replicated in this industry. We are aggressively seeking opportunities to
leverage that scale to drive top line improvement and gain cost efficiencies. To support
that effort, we have realigned our leadership team and processes to achieve greater
collaboration and cooperation. We have heightened our focus on the guest experience and
further exceeding guest expectations. As 2014 progresses, we will commence a number of
strategic initiatives designed to fuel our earnings power, drive cash flow and improve
return on invested capital over time."

Read more
Investment Tools Limited

2Q Highlights

- 2Q revenues were $3.5b, in line with the prior year
- 2Q net revenue yields in constant dollars decreased 1.9%
- Excluding fuel, constant dollar net cruise costs per available lower berth day
("ALBD") increased 8.8% primarily due to timing of dry-dock expenses, vessel repair
costs and non-recurring items which benefitted the prior year
- 2Q fuel consumption per ALBD decreased 5.7% compared to the prior year
- 2Q Non-GAAP (diluted) earnings per share of $0.09, compared to $0.20 for the
prior year
- 2Q U.S. GAAP (diluted) earnings per share of $0.05 included net unrealized
losses on fuel derivatives of $31m

2013 Outlook

- At this time, cumulative advance bookings for the remainder of 2013 are
behind the prior year at prices below the prior year levels
- Net revenue yields on a constant and current dollar basis for FY 2013 are
expected to be down 2 to 3% compared to the prior year, in line with May guidance
- Excluding fuel, net cruise costs per ALBD for FY 2013 are expected to be
higher by 3.5 to 4.5% on a constant and current dollar basis
- FY 2013 non-GAAP earnings per share (diluted) expected to be in the range of
$1.45 to $1.65, compared to $1.88 for 2012
- 3Q 2013 non-GAAP earnings per share (diluted) expected to be in the range of
$1.25 to $1.33, compared to $1.53 in 3Q 2012

Chairman and Chief Executive Officer Micky Arison commenting on these results:

"Our 90,000 global team members are dedicated to delivering an outstanding vacation experience to 10 million guests each year. The level of quality, variety and innovation available throughout our fleet has never been greater and our guests are reaping the benefits of truly exceptional vacation values. We are working to more broadly communicate that message through stepped up consumer and trade marketing efforts, as well as strengthened engagement of our travel agent partners. We believe these initiatives,
combined with slower supply growth, will lead to increased yields."

"In addition, we remain focused on reducing our fuel dependence. By year end, we will achieve a 23 percent cumulative reduction in fuel consumption since 2005 and expect our research and development efforts in fuel saving technologies to continue to bear fruit. We have strengthened our management teams in maritime and technical ship operations and product delivery, as well as marketing and communications. We expect the combination of these efforts will drive improved return on invested capital over time."

Read more
Investment Tools Limited

Dividend

Read more
Investment Tools Limited


4Q and Full Year Highlights

* 4Q net revenue yields in constant dollars decreased 4.5% compared to the prior year,
which was better than the company's September guidance, down 5 to 6%
* 4Q net cruise costs, excluding fuel, per available lower berth day ("ALBD") decreased
0.9% in constant dollar, less than September guidance, down 2 to 3%
* 4Q non-GAAP earnings per share (diluted) of $0.13, compared to $0.28 for the prior year
* Full year non-GAAP earnings per share (diluted) of $1.88, compared to $2.42 for the
prior year
* Unfavorable changes in fuel prices and currency exchange rates reduced full year 2012
earnings by $300 million or $0.39 per share, compared to the prior year.

2013 Outlook

* Since September, booking volumes for the first three quarters, including Costa, are
running in line with the strong volumes experienced last year at slightly lower prices
* At this time, cumulative advance bookings for 2013 continue to be behind the prior year
at slightly lower prices
* Net revenue yields on a constant dollar basis for full year 2013 expected to be up 1 to
2%
* Net cruise costs excluding fuel per ALBD for full year 2013 expected to be up 1 to 2%
on a constant dollar basis
* Full year 2013 non-GAAP earnings per share (diluted) expected to be in the range of
$2.20 to $2.40, compared to $1.88 for 2012
* 1Q 2013 non-GAAP earnings per share (diluted) expected to be in the range of $0.03 to
$0.07, compared to $0.02 in 1Q 2012

Chairman and Chief Executive Officer Micky Arison commenting on these results:

"As a result of the Costa Concordia tragedy in January, the past year has been the most challenging in our company's history. However, through the significant efforts of our brand management teams, we were able to maintain full year 2012 net revenue yields (excluding Costa)
in line with the prior year. In addition, we drove down net cruise costs, excluding fuel,
slightly and fuel consumption by four percent."

"Cash from operations of $3.0 billion was more than sufficient to fund $1.8 billion in net capital investments and positioned the company with excess free cash flow to return to shareholders. Our regular quarterly dividend of $0.25 per share, combined with our recently announced special year-end dividend of $0.50 per share, will result in $1.2 billion of dividend distributions to our shareholders. Additionally, since the start of the fiscal year we purchased 3.5 million of the company's shares in the open market at a cost of $120 million."

"We remain well positioned for a recovery in 2013 and beyond evidenced by the demonstrated resilience of our global portfolio of cruise brands, as consumers continue to capitalize on cruising's superior value versus land-based vacation alternatives. We continue to focus on a measured growth strategy through the introduction of two to three new ships per year and the development of emerging cruise markets in Asia."

"Based on 2013 guidance, we estimate that cash from operations will reach $3.3 billion for the year while our capital commitments will be just $2.0 billion. As a result, we anticipate significant free cash flow in 2013, which we intend to continue to return to shareholders."

Read more
Investment Tools Limited

This article which appeared in the Saturday edition of the FT on 27th October talks about investors chasing dividends. It is a good read and vindicates our stance that the only reason to invest in equities at the present time is for Dividends.

Read more
Investment Tools Limited

Economists and traders in the City have thought and behaved for some months as if the world is coming to an end, but that is not the message delivered by Britain's listed companies. In the past 12 months, they have paid out a record level of dividends. Given that dividends are derived from profits, it suggests this is not a story of a business world on its uppers.

Read more
Investment Tools Limited

Chairman and Chief Executive Officer Micky Arison commenting on these results:

"On the whole, 2011 was an encouraging year for our global portfolio of cruise brands.
Our North American brands performed well, achieving an almost four percent revenue yield increase, while our European, Australian and Asian brand yields were in line with the prior year (constant dollars) despite having been significantly impacted by the geo-political unrest in the Middle East and North Africa. Higher revenue yields partially offset a 32 percent increase in fuel prices, which reduced earnings by $535 million or
$0.68 per share for the year."

"Cash from operations of $3.8 billion provided more than ample funding for our $2.7 billion capital investment program and enabled the company to return excess cash to shareholders. Earlier this year, our quarterly dividend was increased from $0.10 to $0.25 per share resulting in $670 million of dividend distributions. In addition, we purchased 14.8 million of the company's shares in the open market at a cost of $455 million."

"Our base of business for 2012 is solid and we are experiencing strong booking volumes leading into wave season, our heaviest booking period which begins in early January. Despite the uncertain economic environment, we anticipate a continued slow recovery in yields in 2012 driven by ongoing consumer recognition that our cruises provide an exceptional value."

"A wide array of exciting innovations and the continued modernization of our existing global fleet should drive even greater consumer interest and enthusiasm for our brands. An example is Carnival Cruise Lines' recently announced Fun Ship 2.0, which is a multi-year $500 million investment to transform the shipboard experience through exciting partnerships and new branded spaces. Carnival Liberty, which was recently re-introduced with several of the new features, has generated exceptional buzz and has been well received by consumers and travel agents."

"We remain focused on strategic growth through the addition of two to three new ships per year and expect to continue to return excess cash to shareholders. Based on the above guidance, we estimate our cash from operations will approach $4 billion in 2012, while our capital investment commitment will be $2.6 billion. We expect to generate significant free cash flow in 2012 and beyond, which should provide further opportunities to return cash to shareholders."

Read more

Carnival optimized dividend - 12 month history

Optimized dividend graph demo

Carnival share price - 12 month history

You're currently viewing outdated and/or artificial data.

Try the real thing now:

Activate Free Trial