Carnival Increases Dividend by 20%

Shareholders of Carnival Corporation (NYSE: CCL) will be happy in September as the company recently announced they’re increasing quarterly dividends by 20 percent to 30 cents.

Carnival stock is currently $52 per share.

“We are pleased to increase dividends to our shareholders 20 percent this quarter, reflecting our strong cash flow from operations approaching $4 billion this year,” said Arnold Donald, president and CEO of Carnival Corporation & plc.

Competitor Royal Caribbean also reported higher profits in the first quarter due to increased bookings.

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