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Data last updated: Sep 01, 2026
Snapshot (as of Sep 01, 2026): Carnival Corporation & plc (CCL) pays a $0.45 annual dividend ($0.11 quarterly), yielding 1.92% at $23.42/share. Next ex-dividend date 2026-08-07. Source: Yahoo Finance, aggregated by MerryDiv.
Dividend Yield: 1.92%
Annual Dividend: $0.45 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 $0.45 per share annually, paid quarterly, with the next ex-dividend date on August 7, 2026. The world's largest cruise company operates 87 ships across brands including Carnival Cruise Line, Princess Cruises, and Cunard, calling at nearly 700 ports globally. At a 1.82% yield, CCL stock falls in the low-yield category. With a beta of 2.338, this is a high-volatility stock that fits investors comfortable with cyclical swings in exchange for dividend growth potential.
Carnival Corporation & plc pays out 13.5% of earnings as dividends, a payout ratio classified as conservative (below 40%). That low payout leaves substantial room to sustain the current dividend even if earnings soften, and Carnival Corporation & plc dividend safety is further supported by the company's scale: 87 ships serving passengers across nearly 700 ports worldwide represents a broad demand base. The most significant pressure factor in the data is a beta of 2.338, meaning CCL stock swings sharply with broader market sentiment, and the dividend history shows the payout was suspended entirely during 2020.
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 $0.45 reflects a partial year and is not comparable). The largest annual increase in the window was 52.4% in 2005. The data also contains at least one year-over-year decline exceeding 5%, so growth across this period 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 stock fits growth-and-income investors who prioritize dividend growth over current yield, and who can tolerate meaningful volatility in a consumer cyclical business. The yield is low (below 2%), and no 5-year average yield is available for comparison. What the data does show is a 13.5% payout ratio, which keeps the dividend well-covered at current earnings levels. The trade-off is clear: an investor gets a conservatively structured payout with historical growth of 9.6% per year through 2019, but accepts a sub-2% starting yield and a dividend that was suspended in 2020, demonstrating real cyclical risk.
| Payment Date | Amount per Share |
|---|---|
| 2026-08-07 | $0.1500 |
| 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 |
| Year | Total Dividends |
|---|---|
| 2026 | $0.4500 |
| 2020 | $0.5000 |
| 2019 | $2.0000 |
| 2018 | $1.9500 |
| 2017 | $1.6000 |
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