14th Apr 2016 11:08
LONDON (Alliance News) - Cruise operator Carnival PLC on Thursday declared a 17% increase to its first quarter dividend payout from the fourth quarter.
Carnival will pay a dividend for the first quarter of its financial year to the end of February of 35 US cents per share, compared to 30 cents in the fourth quarter of its previous financial year and 25 cents in the first quarter a year prior.
"The increased dividend, in combination with our current share re-purchase program, underscores our commitment to return value to our shareholders," said Carnival Chief Executive and President Arnold Donald.
At the end of March, Carnival had said net income for the first quarter surged higher, up to USD142.0 million from USD49.0 million a year earlier, as revenue grew to USD3.65 billion from USD3.53 billion.
Cruise revenue was boosted by growth in passenger ticket sales and onboard revenue, while tour and other revenue was flat in the quarter.
Carnival said bookings for the rest of 2016 were higher than at the same point a year earlier and had been made at slightly higher prices.
Carnival shares were up 0.4% to 3,764.00 pence.
By Sam Unsted; [email protected]; @SamUAtAlliance
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