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Carnival declares exchange rate for quarterly dividend of USD0.35 per share.

M2 EQUITYBITES-September 5, 2016-Carnival declares exchange rate for quarterly dividend of USD0.35 per share


Carnival Corporation & plc (NYSE:CCL) LSE:CCL) (NYSE:CUK) reported on 14 July 2016 that it will pay a quarterly cash dividend of USD0.35 per share.

Shareholders of record on 26 August 2016 will receive the dividend payment on 16 September 2016.

Holders of Carnival Corporation common stock or Carnival plc ADSs will receive a dividend payable in USD, while Carnival plc's dividend of ordinary shares will be paid in GBP, unless the shareholders elected to receive it in USD, by 26 August 2016.

The company also stated that dividends payable in GBP will be converted from USD at the exchange rate quoted at 12 noon on 1 September 2016, by the Bank of England in London, which is USD1 = GBP0.75049449. Accordingly, the dividend payable on 26 August 2016, is GBP0.26042307 per share.

A large leisure travel company, Carnival has a portfolio of 10 cruise brands in North America, Europe, Australia and Asia, comprised of Carnival Cruise Line, Fathom, Holland America Line, Princess Cruises, Seabourn, AIDA Cruises, Costa Cruises, Cunard, P&O Cruises (Australia) and P&O Cruises (UK). Together, these brands operate 101 ships. It also operates Holland America Princess Alaska Tours in Alaska and the Canadian Yukon.

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Publication:M2 EquityBites (EQB)
Date:Sep 5, 2016
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