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