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Data last updated: Oct 16, 2026
Snapshot (as of Oct 16, 2026): Carnival Corporation Ltd. (CCL) pays a $0.45 annual dividend ($0.11 quarterly), yielding 1.70% at $26.18/share. Next ex-dividend date 2026-08-07. Source: Yahoo Finance, aggregated by MerryDiv.
Dividend Yield: 1.70%
Annual Dividend: $0.45 per share
Payout Ratio: 19.8%
Ex-Dividend Date: 2026-08-07
Dividend Frequency: quarterly
Sector: Consumer Cyclical
Years of Dividend History: 33
Carnival Corporation & plc dividend reflects a business built around ocean travel, operating 87 ships across brands like Carnival Cruise Line, Princess Cruises, and Cunard, calling at nearly 700 ports worldwide. CCL currently pays a 2.06% dividend yield. Shareholders receive $0.45 per share annually, paid quarterly, with the next ex-dividend date on August 7, 2026. With a beta of 2.312, CCL stock carries meaningful price volatility, making it a better fit for dividend investors who can tolerate swings in exchange for income.
Carnival Corporation & plc pays out 13.5% of earnings as dividends, a payout ratio classified as conservative (below 40%). That low figure leaves substantial room between earnings and the dividend obligation, which limits the immediate mechanical pressure on the payout. Carnival Corporation & plc dividend safety faces its real test from the cyclical nature of leisure travel: demand for cruises across its global fleet can shift sharply with economic conditions, and the history table shows the dividend 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 is a partial year and not comparable). The largest annual increase in the window was 52.4% in 2005, though the data also includes at least one year-over-year decline exceeding 5%, and the dividend was not reinstated after its 2020 suspension until the partial payments visible in 2026.
| 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 dividend investors who want exposure to global leisure travel and can accept the cyclical risk that comes with it. The yield sits in the moderate (2–4%) range at 2.06%, and the 13.5% payout ratio means the current payment is not stretched relative to earnings. What investors gain is a low-payout, moderate-yield position in a company operating one of the world's largest cruise fleets. The trade-off is real: CCL carries a beta of 2.312, the dividend was fully suspended in 2020, and the consecutive-increase streak stands at zero, so income continuity is not a defining characteristic of this stock.
| 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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