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Data last updated: Sep 06, 2026
Snapshot (as of Sep 06, 2026): Carnival Corporation & plc (CUK) pays a $0.15 annual dividend, yielding 0.55% at $27.47/share. Next ex-dividend date 2026-02-13. Source: Yahoo Finance, aggregated by MerryDiv.
Dividend Yield: 0.55%
Annual Dividend: $0.15 per share
Payout Ratio: 6.7%
Ex-Dividend Date: 2026-02-13
Sector: Consumer Cyclical
Years of Dividend History: 20
Carnival Corporation & plc dividend currently sits at $0.15 per share annually, reflecting a yield of 0.55%. The company operates the world's largest cruise fleet, with 87 ships sailing under brands like Carnival Cruise Line, Princess Cruises, and Cunard, calling at roughly 700 ports globally. CUK stock carries a beta of 2.331, meaning the share price moves sharply with broader market swings, which matters as much as the dividend itself for income-focused holders. This stock fits growth-and-income investors who prioritize dividend expansion over collecting a large current yield.
Carnival Corporation & plc pays out 6.7% of earnings as dividends, a payout ratio classified as conservative (below 40%). That low retention of earnings means the current $0.15 annual payment consumes very little of what the business generates, leaving substantial room before the dividend faces pressure from earnings alone. Carnival Corporation & plc dividend safety is most meaningfully tested by the cyclical nature of leisure travel: the company's revenue depends on discretionary consumer spending across cruise bookings at approximately 700 ports worldwide, and a demand downturn can hit earnings faster than a low payout ratio can absorb.
Carnival Corporation & plc dividend history shows a CAGR of 8.8% per year from 2002 to 2019. Per-share payments grew from $0.48 to $2.00 over that window (the 2026 figure of $0.15 is a partial year and not used in this calculation). 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%, and CUK currently holds zero consecutive years of dividend increases.
| Period | CAGR | From | To |
|---|---|---|---|
| 5-Year | -14.6% | $1.10 (2015) | $0.50 (2020) |
| 10-Year | +2.3% | $0.40 (2010) | $0.50 (2020) |
CUK stock fits growth-and-income investors who accept a low current yield in exchange for the potential of meaningful dividend expansion, based on the 8.8% historical CAGR the company delivered from 2002 to 2019. The yield today is low (below 2%), at just 0.55%, and with zero consecutive years of dividend increases on record, there is no active growth streak to point to. What the data does show is a payout ratio of 6.7%, which leaves the dividend well within the company's current earnings capacity. The trade-off is straightforward: income today is minimal, and the path back to the kind of per-share payments CUK produced before 2020 depends entirely on the cruise business sustaining its recovery.
| Payment Date | Amount per Share |
|---|---|
| 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 |
| 2018-02-22 | $0.4500 |
| Year | Total Dividends |
|---|---|
| 2026 | $0.1500 |
| 2020 | $0.5000 |
| 2019 | $2.0000 |
| 2018 | $1.9500 |
| 2017 | $1.6000 |
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