Carnival Corporation & plc Announces Second Quarterly Dividend Increase In 2017
MIAMI, Oct. 19, 2017 -- Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK)
has announced a 12 percent increase in its quarterly dividend to $0.45 per
share from the previous dividend amount of $0.40 per share.
"The increase in our quarterly dividend follows a 14 percent increase earlier
this year reflecting continued confidence in our sustained earnings improvement
and strong cash flow. The increased dividend, combined with our ongoing share
repurchase program, affirms our continued commitment to return cash to
shareholders," said David Bernstein, chief financial officer for Carnival
Corporation & plc.
The board approved a record date for the quarterly dividend of November 24,
2017 with a payment date of December 15, 2017. Holders of Carnival Corporation
common stock and Carnival plc ADSs will receive the dividend payable in U.S.
dollars. The dividend for Carnival plc ordinary shares will be payable in U.S.
dollars or sterling. In the absence of instructions or elections to the
contrary, holders of Carnival plc ordinary shares will automatically receive
the dividend in sterling.
Dividends payable in sterling will be converted from U.S. dollars at the
exchange rate quoted by the Bank of England in London at 12 noon on December 1,
2017. Holders of Carnival plc ordinary shares wishing to receive their
dividend in U.S. dollars or participate in the Carnival plc Dividend
Reinvestment Plan must elect to do so by November 24, 2017.
Carnival Corporation & plc is the world's largest leisure travel company and
among the most profitable and financially strong in the cruise and vacation
industries, with a portfolio of 10 dynamic brands that include nine of the
world's leading cruise lines. With operations in North America, Europe,
Australia and Asia, its portfolio features Carnival Cruise Line, Holland
America Line, Princess Cruises, Seabourn, AIDA Cruises, Costa Cruises,
Cunard, P&O Cruises (Australia) and P&O Cruises (UK), as well as Fathom, the
corporation's immersion and enrichment experience brand.
Together, the corporation's cruise lines operate 103 ships with 231,000 lower
berths visiting over 700 ports around the world, with 18 new ships scheduled to
be delivered between 2018 and 2022. Carnival Corporation & plc also operates
Holland America Princess Alaska Tours, the leading tour company in Alaska and
the Canadian Yukon. Traded on both the New York and London Stock
Exchanges, Carnival Corporation & plc is the only group in the world to be
included in both the S&P 500 and the FTSE 100 indices.
In 2017, Fast Company recognized Carnival Corporation as being among the "Top
10 Most Innovative Companies" in both the design and travel categories. Fast
Company specifically recognized Carnival Corporation for its work in developing
Ocean Medallion™, a high-tech wearable device that enables the world's first
interactive guest experience platform capable of transforming vacation travel
into a highly personalized and elevated level of customized service.
Additional information can be found on www.carnival.com, www.fathom.org,
www.hollandamerica.com, www.princess.com, www.seabourn.com, www.aida.de,
www.costacruise.com, www.cunard.com, www.pocruises.com.au and www.pocruises.com
.
CONTACT: MEDIA CONTACT, Roger Frizzell, +1 (305) 406 7862 ; INVESTOR RELATIONS
CONTACT, Beth Roberts, +1 (305) 406 4832