Shareholders of cruise operator Carnival are in for an additional payout of 50 US cents per share in December, in a move to return excess cash back to investors.
Carnival will pay a special dividend of $0.50 per share on December 28th, as well as the previously announced regular quarterly payout of $0.25 per share already scheduled for December 14th.
MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
"This additional dividend is in keeping with our previously stated strategy of returning excess free cash flow to shareholders," said Chairman and Chief Executive Officer Micky Arison.
"Looking forward, we remain committed to increasing shareholder returns through a combination of dividend distributions and opportune share repurchases," he said.
-
Charitable giving and inheritance tax: 7 tips to avoid complicationsGiving some of your estate away to charity can save your family thousands in inheritance tax. But common pitfalls could mean your chosen cause loses out and your loved ones are left with a complex nightmare to unravel. We look at how to do donations right.
-
The UK cities where it’s cheaper to buy a house than rentFor people in some areas of the country, home ownership is a distant dream. But for others it can be surprisingly affordable.
