Carnival Corporation Increases Dividend By 17%

Carnival Corporation said Thursday that it is increasing its dividend by 17% to $0.35 a share. "The increase in our quarterly dividend follows a 20 percent increase less than a year ago and reflects our sustained earnings improvement and growing net cash flow which is forecasted to reach $4.5 billion in 2016," said Arnold Donald, CEO of Carnival Corporation, in the press release. The record date for the dividend is May 27, 2016 and it will be payed June 17, 2016. Shares of Carnival were down 1% in premarket trade Thursday.