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Carnival Corporation (CCL) logo

Carnival Corporation

S&P 500
CCL|Consumer Cyclical|Travel Services|$26.38|P/E 11.9|MCap 36.5B|NYSE

Last update: May 9, 2026 at 09:32

Dividend Safety Rating

52/ 100Caution

CCL's dividend shows some areas that warrant monitoring. Strengths include a 6.6% earnings payout ratio & 7.0% fcf payout ratio. Areas of concern: 50.4% net debt / total assets & 0.3x current ratio.

Based on 14 of 15 metrics

Strengths

  • Earnings Payout Ratio: 6.6%Low earnings payout ratio leaves room to grow the dividend.
  • FCF Payout Ratio: 7.0%Free cash flow comfortably covers the dividend.
  • Return on Equity: 27.9%Strong return on equity reflects efficient profit generation.

Risks

  • Current Ratio: 0.3xLimited short-term liquidity to meet obligations.
  • Profit Margin Stability: UnstableProfit margins have been volatile.
  • 5-Year Dividend CAGR: -100.0%Dividend growth has been weak or negative.

Payout & Coverage

Safe
Earnings Payout Ratio
6.6%Very Safe
FCF Payout Ratio
7.0%Very Safe
CFO Payout Ratio
N/AN/A
Interest Coverage
3.1xCaution

Balance Sheet

Warning
Net Debt / Total Assets
50.4%Warning
Current Ratio
0.3xDanger
Debt-to-Equity
203.9Caution

Profitability

Caution
Return on Equity
27.9%Very Safe
Operating Margin
9.8%Caution
Gross Margin
36.1%Safe
Profit Margin Stability
UnstableDanger

Dividend Track Record

Caution
Dividend Streak
6+ yrsCaution
Dividend Cut
NoneVery Safe
5-Year Dividend CAGR
-100.0%Danger
Earnings Stability
UnstableDanger

About Carnival Corporation

Carnival Corporation is a leading global cruise company that provides leisure travel services across North America, Australia, Europe, and other international markets. It operates through key segments including North America and Australia Cruise Operations, Europe and Asia Cruise Operations, Cruise Support, and Tour and Other, encompassing renowned brands such as Carnival Cruise Line, Princess Cruises, Holland America Line, AIDA Cruises, Costa Cruises, Cunard, P&O Cruises, and Seabourn. The company manages a diverse fleet of cruise ships, port destinations, private islands, hotels, lodges, glass-domed railcars, and motorcoaches, delivering vacation experiences focused on onboard entertainment, dining, and excursions. Carnival Corporation supports cruise operations with dedicated infrastructure for ports and private retreats, while its tour segment handles land-based transportation and accommodations, particularly in Alaska. Founded in 1972 and headquartered in Miami, Florida, Carnival Corporation plays a central role in the leisure travel industry by offering multifaceted vacation packages to a broad range of passengers seeking sea-based and complementary land adventures.

Dividend Overview

Dividend Yield

0.57%

Annual Dividend

$0.15

Frequency

Annual

Payout Ratio

6.61%

FCF Payout Ratio

6.97%

Stock Price

$26.38

52-Week Range

$19.90 $34.03

Dividend History (2016–2025)

CCL annual dividend per share and yield history

Earnings & Profitability

CCL earnings per share and net profit margin

Key Dates

Last Ex-Dividend Date

February 13, 2026

Last Payment Date

February 27, 2026

Dividend Growth

3-Year Dividend CAGR

0.00%

5-Year Dividend CAGR

-100.00%

10-Year Dividend CAGR

-100.00%

3-Year Total Growth

0.00%

5-Year Total Growth

-100.00%

10-Year Total Growth

-100.00%

Income Calculator

CCL Dividend Calculator

Total Investment

$2,638.00

Annual Income

$15.00

Quarterly Income

$3.75

Monthly Income

$1.25

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Frequently Asked Questions

What is CCL's current dividend yield?
Carnival Corporation (CCL) currently has a dividend yield of 0.57%, based on a stock price of $26.38 and an annual dividend of $0.15.
When is CCL's next dividend payment date?
CCL's next ex-dividend date is 2026-02-13 and the next payment date is 2026-02-27. You must own the stock before the ex-dividend date to receive the upcoming payment.
How much does CCL pay in dividends per year?
Carnival Corporation paid $0.50 per share in annual dividends in 2020. The dividends are paid annual.
Has CCL been increasing its dividend?
Carnival Corporation has grown its dividend at a 5-year CAGR of -100.00% and a 10-year CAGR of -100.00%.
Is CCL's dividend safe?
Carnival Corporation has a payout ratio of 6.61%. Its free cash flow payout ratio is 6.97%. A payout ratio below 60% is generally considered sustainable.
How is CCL's Dividend Safety Rating calculated?
The Dividend Safety Rating evaluates Carnival Corporation's dividend sustainability across four categories: Payout & Coverage (30%), Balance Sheet (20%), Profitability (20%), and Dividend Track Record (30%). Each metric is rated from "Very Safe" to "Danger" based on industry-standard thresholds, with sector-specific adjustments for consumer cyclical companies. The overall score ranges from 0 to 100.

Want to understand how we rate dividend safety? Read our full methodology

Track CCL Dividends with OnlyDividends

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This page is not investment advice. The content is for informational purposes only and should not be construed as a recommendation to buy, sell, or hold any security. Always do your own research and consult a qualified financial advisor before making investment decisions.

Financial data, including dividend history, earnings, balance sheet metrics, and the Dividend Safety Rating, is provided for informational purposes only. Data may be delayed or differ from official filings. Past performance does not guarantee future results. Always verify with official sources before making investment decisions.

Market data provided by Twelve Data.