Carnival Corporation (CCL) Dividend History & Yield
Carnival Corporation (CCL) has increased its dividend for multiple years and currently yields 1.15%. The most recent dividend was $0.1500/share on Feb 27, 2026, paid Quarterly.
Current Yield
1.15%
TTM Dividend/Share
$0.30
Payment Frequency
Quarterly
Payout Ratio
13.3%
Consecutive Growth Years
0
Div Growth (1Y CAGR)
-75.00%
Div Growth (5Y CAGR)
-14.59%
Div Growth (10Y CAGR)
2.26%
Dividend health
Chowder score
-13.4%
FCF payout ratio
7.0%
Net debt / EBITDA
3.5x
Interest coverage
3.66x
ROIC (TTM)
10.9%
Dividend Safety Score
4 out of 7 checks passed
Payout ratio below 75%
Payout ratio is 13.3%, well below the 75% threshold.
Free cash flow covers dividend
FCF/share ($1.99) covers dividend/share ($0.30).
No dividend cuts in 10+ years
1 dividend cut(s) in the last 10 years.
Positive earnings growth trend
Earnings per share have grown over the past 5 years.
10+ years of consecutive growth
Only 0 consecutive year(s) of dividend growth.
FCF payout ratio below 70%
FCF payout ratio is 7.0%, below the 70% threshold.
Net Debt/EBITDA below 3x
Net Debt/EBITDA is 3.5x.
Dividend growth ≤ earnings growth (5Y)
N/A — earnings base is negative, CAGR not computable.
Per-payment dividend history
Ex-date May 18, 2026
- Payment date
- May 29, 2026
- Dividend
- $0.1500
- Adj. dividend
- $0.1500
Ex-date Feb 13, 2026
- Payment date
- Feb 27, 2026
- Dividend
- $0.1500
- Adj. dividend
- $0.1500
Ex-date Feb 20, 2020
- Payment date
- Mar 13, 2020
- Dividend
- $0.5000
- Adj. dividend
- $0.5000
Ex-date Nov 21, 2019
- Payment date
- Dec 13, 2019
- Dividend
- $0.5000
- Adj. dividend
- $0.5000
Ex-date Aug 22, 2019
- Payment date
- Sep 13, 2019
- Dividend
- $0.5000
- Adj. dividend
- $0.5000
Ex-date May 23, 2019
- Payment date
- Jun 14, 2019
- Dividend
- $0.5000
- Adj. dividend
- $0.5000
Ex-date Feb 21, 2019
- Payment date
- Mar 15, 2019
- Dividend
- $0.5000
- Adj. dividend
- $0.5000
Ex-date Nov 21, 2018
- Payment date
- Dec 14, 2018
- Dividend
- $0.5000
- Adj. dividend
- $0.5000
Ex-date Aug 23, 2018
- Payment date
- Sep 14, 2018
- Dividend
- $0.5000
- Adj. dividend
- $0.5000
Ex-date May 24, 2018
- Payment date
- Jun 15, 2018
- Dividend
- $0.5000
- Adj. dividend
- $0.5000
Ex-date Feb 22, 2018
- Payment date
- Mar 16, 2018
- Dividend
- $0.4500
- Adj. dividend
- $0.4500
Ex-date Nov 22, 2017
- Payment date
- Dec 15, 2017
- Dividend
- $0.4500
- Adj. dividend
- $0.4500
| Ex-Date | Payment Date | Dividend | Adj. Dividend |
|---|---|---|---|
| May 18, 2026 | May 29, 2026 | $0.1500 | $0.1500 |
| Feb 13, 2026 | Feb 27, 2026 | $0.1500 | $0.1500 |
| Feb 20, 2020 | Mar 13, 2020 | $0.5000 | $0.5000 |
| Nov 21, 2019 | Dec 13, 2019 | $0.5000 | $0.5000 |
| Aug 22, 2019 | Sep 13, 2019 | $0.5000 | $0.5000 |
| May 23, 2019 | Jun 14, 2019 | $0.5000 | $0.5000 |
| Feb 21, 2019 | Mar 15, 2019 | $0.5000 | $0.5000 |
| Nov 21, 2018 | Dec 14, 2018 | $0.5000 | $0.5000 |
| Aug 23, 2018 | Sep 14, 2018 | $0.5000 | $0.5000 |
| May 24, 2018 | Jun 15, 2018 | $0.5000 | $0.5000 |
| Feb 22, 2018 | Mar 16, 2018 | $0.4500 | $0.4500 |
| Nov 22, 2017 | Dec 15, 2017 | $0.4500 | $0.4500 |
Historical Dividend Yield
Dividend Growth
Dividend Increase Track Record
The table shows 23 year-over-year increases across 33 calendar years of data (1988–2020).
| Year | Previous DPS | New DPS | Change |
|---|---|---|---|
| 2026 | — | — | — |
| 2020 | $2.0000 | $0.5000 | -75.0% |
| 2019 | $1.9500 | $2.0000 | +2.6% |
| 2018 | $1.6000 | $1.9500 | +21.9% |
| 2017 | $1.3500 | $1.6000 | +18.5% |
| 2016 | $1.1000 | $1.3500 | +22.7% |
| 2015 | $1.0000 | $1.1000 | +10.0% |
| 2014 | $1.0000 | $1.0000 | 0.0% |
| 2013 | $1.5000 | $1.0000 | -33.3% |
| 2012 | $1.0000 | $1.5000 | +50.0% |
| 2011 | $0.4000 | $1.0000 | +150.0% |
| 2010 | $1.6000 | $0.4000 | -75.0% |
| 2008 | $1.3750 | $1.6000 | +16.4% |
| 2007 | $1.0250 | $1.3750 | +34.1% |
| 2006 | $0.8000 | $1.0250 | +28.1% |
| 2005 | $0.5250 | $0.8000 | +52.4% |
| 2004 | $0.4400 | $0.5250 | +19.3% |
| 2003 | $0.4200 | $0.4400 | +4.8% |
| 2002 | $0.4200 | $0.4200 | 0.0% |
| 2001 | $0.4200 | $0.4200 | 0.0% |
| 2000 | $0.3750 | $0.4200 | +12.0% |
| 1999 | $0.3150 | $0.3750 | +19.0% |
| 1998 | $0.2400 | $0.3150 | +31.2% |
| 1997 | $0.1900 | $0.2400 | +26.3% |
| 1996 | $0.1575 | $0.1900 | +20.6% |
| 1995 | $0.1425 | $0.1575 | +10.5% |
| 1994 | $0.1400 | $0.1425 | +1.8% |
| 1993 | $0.1400 | $0.1400 | 0.0% |
| 1992 | $0.1225 | $0.1400 | +14.3% |
| 1991 | $0.1200 | $0.1225 | +2.1% |
| 1990 | $0.1000 | $0.1200 | +20.0% |
| 1989 | $0.1550 | $0.1000 | -35.5% |
| 1988 | — | $0.1550 | — |
DPS sums split-adjusted amounts (adj. dividend) by ex-dividend calendar year—the same basis as the Adj. Dividend column in Dividend Payment History. The Dividend column can differ after stock splits. This table uses four decimals per annual total so the Change column matches the shown amounts; each payment row in Dividend Payment History also uses four.
Cash dividends paid (USD) — TTM and history
Trailing-twelve-month and annual common dividends paid for Carnival Corporation (CCL) from the consolidated cash flow statement, in USD as filed.
Latest period
$208.00M
YoY change
N/A
5Y CAGR
-100.0%
Peak year (2019)
$1.39B
Latest annual
$0
Cash dividends paid over time for Carnival Corporation (CCL)
Per-period cash dividends paid
Cash dividends paid annual + quarterly history for Carnival Corporation (CCL)
| Fiscal year | Period ended | Reported | Dividends Paid | YoY | YoY change |
|---|---|---|---|---|---|
| 2025 | $0 | — | $0 | ||
| 2024 | $0 | — | $0 | ||
| 2023 | $0 | — | $0 | ||
| 2022 | $0 | — | $0 | ||
| 2021 | $0 | -100.0% | -$689.00M | ||
| 2020 | $689.00M | -50.3% | -$698.00M | ||
| 2019 | $1.39B | +2.4% | +$32.00M | ||
| 2018 | $1.35B | +24.7% | +$268.00M | ||
| 2017 | $1.09B | +11.3% | +$110.00M | ||
| 2016 | $977.00M | +19.7% | +$161.00M | ||
| 2015 | $816.00M | +5.2% | +$40.00M | ||
| 2014 | $776.00M | -33.3% | -$388.00M | ||
| 2013 | $1.16B | +49.4% | +$385.00M | ||
| 2012 | $779.00M | +16.1% | +$108.00M | ||
| 2011 | $671.00M | +183.1% | +$434.00M | ||
| 2010 | $237.00M | -24.5% | -$77.00M | ||
| 2009 | $314.00M | -75.1% | -$947.00M | ||
| 2008 | $1.26B | +27.4% | +$271.00M | ||
| 2007 | $990.00M | +23.3% | +$187.00M | ||
| 2006 | $803.00M | +41.9% | +$237.00M | ||
| 2005 | $566.00M | +41.5% | +$166.00M | ||
| 2004 | $400.00M | +37.0% | +$108.00M | ||
| 2003 | $292.00M | +18.7% | +$46.00M | ||
| 2002 | $246.00M | 0.0% | $0 | ||
| 2001 | $246.00M | -3.3% | -$8.33M | ||
| 2000 | $254.33M | +16.0% | +$35.15M | ||
| 1999 | $219.18M | +22.8% | +$40.72M | ||
| 1998 | $178.46M | +36.8% | +$48.00M | ||
| 1997 | $130.46M | +25.6% | +$26.58M | ||
| 1996 | $103.88M | +22.1% | +$18.78M | ||
| 1995 | $85.10M | +7.6% | +$6.03M | ||
| 1994 | $79.07M | +0.1% | +$72,000 | ||
| 1993 | $79.00M | +2.1% | +$1.60M | ||
| 1992 | $77.40M | +18.3% | +$12.00M | ||
| 1991 | $65.40M | — | — |
As of the 2025 fiscal year, Carnival Corporation (CCL) reported dividends paid of $0.
Across 2020–2025 (5 years), Carnival Corporation dividends paid produced a CAGR of -100.0% – with a net decline across the window.
Carnival Corporation dividends paid peaked at $1.39B in 2019; the latest annual figure is $0 in 2025 (100.0% below peak).
Across the available history, dividends paid reached its high of $1.39B in 2019 and its low of $0 in 2021.
Within Consumer Cyclical, Carnival Corporation (CCL) ranks 6th among 8 peers we track. The peer median for dividends paid is $1.54B.
Carnival Corporation Dividends Paid 2025: $0
Carnival Corporation dividends paid in 2025 was $0.
Carnival Corporation Dividends Paid 2024: $0
Carnival Corporation dividends paid in 2024 was $0.
Carnival Corporation Dividends Paid 2023: $0
Carnival Corporation dividends paid in 2023 was $0.
Carnival Corporation Dividends Paid 2022: $0
Carnival Corporation dividends paid in 2022 was $0.
Carnival Corporation Dividends Paid 2021: $0
Carnival Corporation dividends paid in 2021 was $0.
See more financial history for Carnival Corporation (CCL).
Sector peers by dividends paid
Companies in the same sector as Carnival Corporation, ranked by their latest dividends paid.
| Company | Dividends Paid | Sector |
|---|---|---|
| Alibaba (BABA) | $29.31B | Consumer Cyclical |
| Home Depot (HD) | $9.15B | Consumer Cyclical |
| McDonald's (MCD) | $5.12B | Consumer Cyclical |
| TJX Companies (TJX) | $1.84B | Consumer Cyclical |
| Booking Holdings (BKNG) | $1.25B | Consumer Cyclical |
| Amazon (AMZN) | $0 | Consumer Cyclical |
| Tesla (TSLA) | $0 | Consumer Cyclical |
| PDD Holdings (PDD) | $0 | Consumer Cyclical |
Frequently asked questions
Does Carnival Corporation pay dividends?
Yes, Carnival Corporation (CCL) pays quarterly dividends of approximately $0.30 per share annually, yielding 1.15%.
What is Carnival Corporation's dividend yield?
Carnival Corporation (CCL) has a current dividend yield of 1.15%.
Is Carnival Corporation's dividend safe?
Carnival Corporation (CCL) passes 4 out of 7 dividend safety checks. See the detailed breakdown above for each criterion.
How many consecutive years has Carnival Corporation increased its dividend?
Carnival Corporation (CCL) has 0 consecutive years of dividend increases.
What is Carnival Corporation's dividend payout ratio?
Carnival Corporation (CCL) has a dividend payout ratio of 13.3%. Trailing twelve months (GAAP): adjusted dividends over roughly 12 months aligned with the latest reported quarter, divided by the sum of diluted EPS from the last four fiscal quarters (not NII or taxable income for BDCs/REITs).
What is Carnival Corporation's dividends paid?
Latest reported dividends paid for Carnival Corporation (CCL) is $208.00M (period ending February 28, 2026).
What is the long-term growth rate of Carnival Corporation dividends paid?
Carnival Corporation (CCL) dividends paid compound annual growth rate is -100.0% over the most recent 5 years available.
When did Carnival Corporation dividends paid hit its highest annual value?
Carnival Corporation dividends paid reached its highest annual value of $1.39B in 2019.
What was Carnival Corporation dividends paid in 2024?
Carnival Corporation (CCL) dividends paid in 2024 was $0.
What was Carnival Corporation dividends paid in 2025?
Carnival Corporation (CCL) dividends paid in 2025 was $0.
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