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Data last updated: Jul 18, 2026
Snapshot (as of Jul 18, 2026): Carnival Corporation & plc (CCL) pays a $0.30 annual dividend ($0.07 quarterly), yielding 1.14% at $26.41/share. Next ex-dividend date 2026-08-07. Source: Yahoo Finance, aggregated by MerryDiv.
Dividend Yield: 1.14%
Annual Dividend: $0.30 per share
Payout Ratio: 13.5%
Ex-Dividend Date: 2026-08-07
Dividend Frequency: quarterly
Sector: Consumer Cyclical
Years of Dividend History: 33
Carnival Corporation & plc dividend currently sits at $0.30 per share annually, yielding 1.07% at the current price. The company operates 87 ships across brands including Carnival Cruise Line, Princess Cruises, and Cunard, sailing to nearly 700 ports worldwide. CCL pays quarterly, with the last dividend of $0.15 per share and an ex-dividend date of May 18, 2026. With a beta of 2.331, CCL stock carries high price volatility, making it a better fit for growth-oriented investors than those seeking steady income.
Carnival Corporation & plc pays out 13.5% of earnings as dividends, a payout ratio classified as conservative (below 40%). That low retention of earnings means the current $0.30 annual rate consumes a small fraction of what the business generates, leaving substantial room before the dividend faces pressure from earnings. Carnival Corporation & plc dividend safety faces its most direct risk from the company's exposure to consumer discretionary spending: cruise demand can contract sharply during economic downturns, as the 2020 partial-year dividend record shows.
Carnival Corporation & plc dividend history shows a CAGR of 9.6% per year from 2002 to 2019. Per-share payments grew from $0.42 to $2.00 over that window (the 2026 figure of $0.30 reflects a partial year and is not comparable). The largest annual increase in the window was 52.4% in 2005, though the history also contains at least one year-over-year decline exceeding 5%, so growth was not linear.
| Period | CAGR | From | To |
|---|---|---|---|
| 5-Year | -14.6% | $1.10 (2015) | $0.50 (2020) |
| 10-Year | +2.3% | $0.40 (2010) | $0.50 (2020) |
CCL fits growth-and-income investors who prioritize dividend growth over current yield. The yield is low (below 2%) at 1.07%, and no 5-year average yield is available for comparison, so the current rate stands on its own. What the data does show is a 9.6% annual growth rate over the 2002-2019 window and a payout ratio of just 13.5%, which leaves room for future increases if earnings support them. The trade-off is real: zero consecutive years of dividend increases and a beta of 2.331 mean an investor accepts both income uncertainty and significant price swings in exchange for exposure to a global cruise operator with historically fast dividend growth.
| Payment Date | Amount per Share |
|---|---|
| 2026-05-18 | $0.1500 |
| 2026-02-13 | $0.1500 |
| 2020-02-20 | $0.5000 |
| 2019-11-21 | $0.5000 |
| 2019-08-22 | $0.5000 |
| 2019-05-23 | $0.5000 |
| 2019-02-21 | $0.5000 |
| 2018-11-21 | $0.5000 |
| 2018-08-23 | $0.5000 |
| 2018-05-24 | $0.5000 |
| Year | Total Dividends |
|---|---|
| 2026 | $0.3000 |
| 2020 | $0.5000 |
| 2019 | $2.0000 |
| 2018 | $1.9500 |
| 2017 | $1.6000 |
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