Carnival to pay special divi of 50 cents per share

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.

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.

The stock, which was swinging between gains and losses on Friday morning, was lifted into positive territory by the news and was trading up 1.23% at 2,461p in afternoon trade.

"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.

Recommended

The ten highest dividend yields in the FTSE 100
Income investing

The ten highest dividend yields in the FTSE 100

Rupert Hargreaves takes a look at the companies with the highest dividend yields in the UK’s blue-chip index
6 Feb 2023
The outlook for Shell shares is mixed, despite bumper profits
Energy stocks

The outlook for Shell shares is mixed, despite bumper profits

With profits surging, it looks as if Shell is on a roll, but the company’s growth from here is hard to see as Rupert Hargreaves explains.
6 Feb 2023
The top funds to invest in
Funds

The top funds to invest in

As market volatility and recessionary fears continue, here are the most popular funds, stocks and trusts investors are putting their money into accord…
2 Feb 2023
The top ten dividend stocks in the FTSE 250
Share tips

The top ten dividend stocks in the FTSE 250

The average FTSE 250 dividend yield is around 4%, but many stocks yield much more. Rupert Hargreaves picks the best FTSE 250 stocks for income investo…
17 Jan 2023

Most Popular

Share tips of the week – 3 February 2023
Investments

Share tips of the week – 3 February 2023

MoneyWeek’s comprehensive guide to the best of this week’s share tips from the rest of the UK's financial pages
3 Feb 2023
The best one-year fixed savings accounts - February 2023
Savings

The best one-year fixed savings accounts - February 2023

Earn almost 5% on one-year fixed savings accounts.
6 Feb 2023
Will energy prices go down in 2023?
Personal finance

Will energy prices go down in 2023?

Wholesale gas prices are on a downward trajectory, but does this mean lower energy bills later this year?
6 Feb 2023