Join        Login             Stock Quote

Carnival (CCL) Renews Share Buyback, Declares Dividend

 January 17, 2013 09:55 AM

(By Mani) Carnival Corp. & Plc (NYSE: CCL) (NYSE: CUK) (LSE: CCL) said it has renewed its authorization for the repurchase of up to $1 billion of its common stock and declared a quarterly dividend of 25 cents per share, payable on March 15, 2013 to shareholders of record on Feb. 22, 2013.

The company has repurchased two million shares of common stock valued at $78 million since the start of fiscal 2013, bringing the total amount purchased to date under the September 2007 $1 billion authorization to $835 million. Yesterday, the company's board of directors increased the remaining $165 million repurchase authorization to $1 billion.

"Our ongoing share repurchase program demonstrates our continued confidence in the earnings power of our global brands," said Micky Arison, CEO. "We remain committed to increasing shareholder returns through a combination of dividend distributions and opportunistic share repurchases."

Carnival is the largest cruise company in the world, with a portfolio of cruise brands in North America, Europe, Australia and Asia, comprised of Carnival Cruise Lines, Holland America Line, Princess Cruises, Seabourn, AIDA Cruises, Costa Cruises, Cunard, Ibero Cruises, P&O Cruises (Australia) and P&O Cruises (UK). Together, these brands operate 100 ships totaling 203,000 lower berths with nine new ships scheduled to be delivered between March 2013 and March 2016.

Traded on both the New York and London Stock Exchanges, Carnival is the only group in the world to be included in both the S&P 500 and the FTSE 100 indices.

iOnTheMarket Premium


Post Comment -- Login is required to post message
Alert for new comments:
Your email:
Your Website:

rss feed

Latest Stories

article imageEmerging-Markets Stocks Took The Lead Last Week

Emerging-markets equities enjoyed a solid rise last week among the major asset classes, based on a set of read on...

article imageDoes Your Latest Investment Pass This Test?

On Wednesday, I sounded the alarm about the problems looming for some consumer staples stocks. In short, read on...

article imageIs The Slump In US Manufacturing Easing?

Yesterday’s November survey data from the Philadelphia Fed hints at the possibility that a stronger trend read on...

article imageMarket Potentially Facing Near Term Technical Headwinds

After the S&P 500 Index pullback on Thursday and Friday last week, the market's advance on Monday and read on...

Popular Articles

Daily Sector Scan
Partner Center

Fundamental data is provided by Zacks Investment Research, and Commentary, news and Press Releases provided by YellowBrix and Quotemedia.
All information provided "as is" for informational purposes only, not intended for trading purposes or advice. iStockAnalyst.com is not an investment adviser and does not provide, endorse or review any information or data contained herein.
The blog articles are opinions by respective blogger. By using this site you are agreeing to terms and conditions posted on respective bloggers' website.
The postings/comments on the site may or may not be from reliable sources. Neither iStockAnalyst nor any of its independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. You are solely responsible for the investment decisions made by you and the consequences resulting therefrom. By accessing the iStockAnalyst.com site, you agree not to redistribute the information found therein.
The sector scan is based on 15-30 minutes delayed data. The Pattern scan is based on EOD data.