Carnival raises quarterly dividend |
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Mon, 16 Apr 2007 18:03
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MIAMI (AP) - Carnival Corp., the world's largest cruise group, on Monday said its regular quarterly dividend will rise more than 27 percent to 35 cents per share from nearly 28 cents per share.Shareholders of record on May 18, will receive the increased dividend on June 8.'Carnival remains committed to its previously stated policy of returning excess cash to shareholders by increasing dividends as our earnings grow, as well as continuing our stock repurchase program opportunistically,' the company's vice chairman and chief operating officer Howard Frank said in a release.Since 2005, Carnival has repurchased $1.2 billion of its shares and has about $770 million remaining under that buyback program.Shares of Carnival Corp. added $1.02 to $46.27 in morning trading, while American depository shares of Carnival PLC added 80 cents to $48.12, both on the New York Stock Exchange.Copyright 2007 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
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Carnival Corporation & PLC announces quarterly cash dividend of 0.275 usd 