Carnival increases quarterly dividend by 20 percent to 30 cents

Industries Associated Press

Cruise line operator Carnival Corp. increased its quarterly dividend by 20 percent to 30 cents.

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The dividend is payable on Sept. 11 to shareholders of record as of Aug. 21.

The dividend boost comes nearly a month after the Miami-based company reported better-than-expected second-quarter financial results as the cruise industry is doing well overall. Lower fuel costs have helped the industry keep overall costs low.

In April, competitor Royal Caribbean Cruises Ltd. reported a boost in its first-quarter profit that beat its own guidance on higher booking volumes.