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Data last updated: Sep 21, 2026
Snapshot (as of Sep 21, 2026): Carnival plc (CUKPF) pays a $0.15 annual dividend ($0.04 quarterly), yielding 0.60% at $25.00/share. Next ex-dividend date 2026-02-13. Source: Yahoo Finance, aggregated by MerryDiv.
Dividend Yield: 0.60%
Annual Dividend: $0.15 per share
Payout Ratio: 6.7%
Ex-Dividend Date: 2026-02-13
Dividend Frequency: quarterly
Sector: Consumer Cyclical
Years of Dividend History: 15
Carnival plc operates one of the world's largest cruise and vacation businesses, running brands like Carnival Cruise Line, Cunard, and Princess across North America and Europe. The Carnival plc dividend currently yields 0.6%, with a trailing annual rate of $0.15 per share paid quarterly. The next ex-dividend date is February 13, 2026. With a beta of 2.32, CUKPF stock swings hard with the market, making it a better fit for growth-oriented investors than those seeking steady income.
Carnival plc pays out 6.7% of earnings as dividends, a payout ratio classified as conservative (below 40%). That leaves substantial earnings coverage for the current $0.15 per share annual rate. Carnival plc dividend safety is supported by the low payout level, though the company's Consumer Cyclical classification means demand for cruise vacations can fall sharply during economic downturns, which is the most data-supported pressure point on the dividend.
Carnival plc dividend history shows a CAGR of 10.7% per year from 2011 to 2019. Per-share payments grew from $1.1112 to $2.5050 over that window (2026 is a partial year and excluded from growth calculations). The largest annual increase in the window was 35.0% in 2012, 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 | -14.8% | $1.12 (2015) | $0.50 (2020) |
| 10-Year | +16.3% | $0.11 (2010) | $0.50 (2020) |
CUKPF stock fits growth-and-income investors who prioritize dividend growth over current yield. The yield is low (below 2%), currently sitting at just 0.6%, and the $0.15 annual rate is a fraction of the $2.5050 paid in 2019. What the data does show is a payout ratio of 6.7%, which leaves room for future increases if the business recovers. The trade-off is clear: investors accept minimal current income and a high-beta, cyclical business in exchange for a dividend structure that has historically grown at double-digit rates when conditions allowed.
| Payment Date | Amount per Share |
|---|---|
| 2026-02-13 | $0.1500 |
| 2020-02-20 | $0.5037 |
| 2019-11-21 | $0.5002 |
| 2019-08-22 | $0.5092 |
| 2019-05-23 | $1.0014 |
| 2019-02-21 | $0.4942 |
| 2018-11-22 | $0.5059 |
| 2018-08-23 | $0.5003 |
| 2018-05-24 | $0.5022 |
| 2018-02-22 | $0.4565 |
| Year | Total Dividends |
|---|---|
| 2026 | $0.1500 |
| 2020 | $0.5037 |
| 2019 | $2.5050 |
| 2018 | $1.9649 |
| 2017 | $1.5987 |
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