Carnival Corporation & Dividends and Buybacks
Dividend criteria checks 3/6
Carnival & is a dividend paying company with a current yield of 2.25% that is well covered by earnings.
Key information
2.3%
Dividend yield
n/a
Buyback Yield
| Total Shareholder Yield | n/a |
| Future Dividend Yield | 3.5% |
| Dividend Growth | -8.5% |
| Next dividend pay date | n/a |
| Ex dividend date | n/a |
| Dividend per share | n/a |
| Payout ratio | 6% |
Recent dividend and buyback updates
Recent updates
CCL: Fair Value View Will Weigh Fuel Costs Against Execution Delivery
The updated analyst price target for Carnival Corporation & has edged to $28.70, as analysts factor in more measured revenue growth and profit margins, along with a higher assumed future P/E multiple and a slightly adjusted discount rate. Analyst Commentary Recent research on Carnival Corporation & shows a mixed backdrop, with a cluster of bearish analysts trimming price targets even as a few larger firms keep more constructive ratings.Carnival: Near-Term Fuel Risks Mitigated By Promising FY2029 Guidance
Apr 28
CCL: Fuel Headwinds And Buybacks Will Support Multi Year Earnings Upside
The updated fair value estimate for Carnival Corporation & reflects a small price target cut of about $0.38, as analysts factor in higher fuel cost sensitivity and slightly lower projected profit margins, while still incorporating modestly stronger revenue growth assumptions and a similar future P/E multiple. Analyst Commentary Recent research on Carnival Corporation & points to a mixed but engaged analyst community, with several firms adjusting price targets to reflect updated expectations around fuel costs, earnings guidance, and geopolitical risk.CCL: Share Repurchases And Strong Cruise Demand Will Support Multi-Year Earnings Upside
The analyst price target for Carnival Corporation & has been trimmed by a few dollars to reflect a slightly higher discount rate, more cautious assumptions on revenue growth and margins, and mixed recent Street research. Several firms reduced targets on fuel and geopolitical risks, while others lifted or maintained targets in light of still solid cruise demand.
CCL: Navigating the Waves of Record Demand and Fuel Headwinds
Carnival Corporation & plc (CCL) is currently sailing through a complex market environment where record-breaking operational performance is being tested by macroeconomic pressures. As of today, March 27, 2026, the stock closed at $24.18 USD on the NYSE, marking a 4.43% decline for the session.
CCL: Strong Cruise Demand And New Dividend Are Expected To Support Upside
Analysts have trimmed the fair value estimate for Carnival Corporation & to $37.70 from $38.00 as higher discount rates and fuel cost headwinds offset steady expectations for cruise demand and profitability. Analyst Commentary Recent research on Carnival Corporation & reflects a mix of optimism on demand and profitability, set against caution around fuel costs, geopolitical risks and valuation expectations.CCL: Strong Cruise Demand And Reinstated Dividend Will Support Multi-Year Earnings Upside
Analysts have nudged their fair value estimate for Carnival Corporation & slightly lower to $45.09, even as they reference improved revenue growth and profit margin assumptions along with a higher future P/E multiple in their updated price target work. Analyst Commentary Recent research on Carnival Corporation & reflects a cluster of constructive views, with several bullish analysts lifting their price targets and highlighting what they see as supportive demand trends for cruises over the coming years.CCL: Strong Cruise Demand And Favorable Capacity Are Expected To Support Upside
Analysts have lifted their price targets on Carnival Corporation & to as high as $45, pointing to firm cruise spending data, favorable capacity trends through 2029, and what they see as temporary Caribbean yield pressures as key supports for the updated views. Analyst Commentary Recent research notes show a cluster of upward price target revisions on Carnival, reflecting a mix of optimism around demand trends and some caution around regional pricing pressures and earnings execution.Investors Shouldn't Be Too Comfortable With Carnival Corporation &'s (NYSE:CCL) Earnings
Feb 03
CCL: Resilient Cruise Demand And Caribbean Capacity Are Expected To Sustain Upside
Analysts have raised their price target for Carnival Corporation & to US$38 from US$35, citing updated assumptions for higher revenue growth, slightly stronger profit margins, a lower discount rate, and a higher future P/E multiple supported by recent research pointing to resilient cruise demand and favorable capacity trends. Analyst Commentary Recent research on Carnival Corporation & points to a cluster of higher price targets, with several firms updating their models following sector work and company specific reports.CCL: Strong Cruise Demand And New Dividend Will Support Multi-Year Earnings Upside
Narrative Update: Carnival Corporation & Analysts have lifted their price target on Carnival Corporation & to about $45, up from roughly $42.50. They cite stronger cruise spending data, firm demand trends, favorable capacity through fiscal 2029, and updated estimates that point to higher revenue growth, slightly better profit margins, and a lower assumed future P/E multiple.CCL: Fair Value View Balances Record Bookings With Execution And Capital Risks
Narrative Update Analysts have lifted their fair value estimate for Carnival Corporation & to about US$28.61 from US$24.61, citing higher assumed revenue growth, a stronger profit margin profile and a slightly lower discount rate, alongside recent price target increases that highlight expectations for improved returns on invested capital and ongoing demand for cruising. Analyst Commentary Recent Street research around Carnival has leaned positive on the cruise sector overall, with some analysts pointing to expanding total addressable market, private island attractions supporting demand and what they describe as improving returns on invested capital.Carnival Corporation & plc's (NYSE:CCL) Shares Leap 26% Yet They're Still Not Telling The Full Story
Dec 25CCL: Record Bookings And Private Destinations Will Drive Multi-Year Earnings Upside
Carnival Corporation & plc's fair value estimate has been raised slightly to about $42.50 from roughly $41.57, as analysts factor in a wave of higher price targets driven by record Q3 results, robust booking trends out into 2026, and expanding returns from the cruise sector and private island initiatives. Analyst Commentary Bullish analysts are increasingly constructive on Carnival Corporation, pointing to a combination of record financial performance, strengthening pricing power, and growing demand visibility that supports higher valuation levels.CCL: Expanding Caribbean Destinations Will Sustain Demand Into 2026
Carnival Corporation & Plc's analyst price target has been raised slightly to $35.76, reflecting analysts' optimism over robust earnings momentum, positive booking trends, and expanding demand for cruise travel. Analyst Commentary Recent research updates reflect overall optimism surrounding Carnival Corporation, with several analysts raising their price targets and maintaining positive ratings.CCL: Record Forward Bookings Will Drive Revenue Momentum Into 2026
The analyst price target for Carnival Corporation & has been revised slightly downward to $35.70 from $35.84. This change reflects minor adjustments in fair value estimates as analysts balance strong recent performance and record bookings with updated expectations for future revenue growth and margins.CCL: Record Bookings And Improved Guidance Will Drive Upside Into 2026
Analysts have raised their price targets for Carnival Corporation, with increases up to $42 per share. They cite stronger-than-expected third quarter results, robust forward bookings, and improving long-term revenue visibility.Fleet Modernization And Private Destinations Will Expand Global Reach
The consensus analyst price target for Carnival Corporation & has increased slightly to $35.84. This reflects confidence in the company's strong forward bookings, robust quarterly results, and improved margin outlook.Fleet Modernization And Private Destinations Will Expand Global Reach
Carnival Corporation & saw its average analyst price target rise to $35.75 from $34.27. This adjustment is based on analysts citing stronger-than-expected earnings, resilient demand, and improving booking trends for the company.The Carnival Corporation & plc (NYSE:CCL) Third-Quarter Results Are Out And Analysts Have Published New Forecasts
Oct 02Fleet Modernization And Private Destinations Will Expand Global Reach
Carnival Corporation’s consensus price target has increased to $34.27 as analysts cite robust consumer demand, strong booking trends, and ongoing margin expansion from fleet modernization and strategic initiatives, reflecting raised growth forecasts and a favorable risk/reward profile. Analyst Commentary Bullish analysts cite consistently strong consumer demand and solid booking trends, supported by positive Q2 and Q3 earnings surprises and raised forward guidance.Fleet Modernization And Private Destinations Will Expand Global Reach
Analysts maintain a positive outlook on Carnival Corporation & due to strong consumer demand, robust booking trends, margin expansion opportunities, and consistent earnings outperformance, resulting in an unchanged consensus price target of $33.36. Analyst Commentary Strong consumer demand and robust booking trends driving revenue and cash flow growth, further bolstered by Carnival’s strategic fleet modernization.Is Carnival Corporation & (NYSE:CCL) Using Too Much Debt?
Aug 17Estimating The Fair Value Of Carnival Corporation & plc (NYSE:CCL)
Jul 25Further Upside For Carnival Corporation & plc (NYSE:CCL) Shares Could Introduce Price Risks After 28% Bounce
Jul 13Carnival Corporation & plc (NYSE:CCL) Soars 27% But It's A Story Of Risk Vs Reward
May 28With EPS Growth And More, Carnival Corporation & (NYSE:CCL) Makes An Interesting Case
May 24Carnival Corporation: More Than A Recovery Story
Apr 28Carnival's Selloff Triggers Near Doubling Upside Potential - Reiterate Buy
Apr 20Carnival: Likely Cruising To Investment Grade Ahead Of Schedule
Mar 20Carnival Corp: Shaping Up Value, Shipping Out Debt
Feb 24Carnival: Investigating The Unit Economics
Feb 11Carnival: Continued FCF Generation Will Support Future Upside
Jan 21Carnival Set To Cruise Higher In 2025
Jan 07Carnival: Riding The Wave Into Earnings, What The Option Market Says
Dec 16Carnival Cruise Lines: Knockout Q3 2024 Results May Auger A Rocket Ride Beyond Bullish Analyst PTs
Nov 14Carnival Cruise Lines: Interest Payments Will Continue To Pressure Bottom Line
Nov 08
Calculated Initiatives And Record Bookings Set Sail For Soaring Profits And Revenue Growth
Carnival's strategic investments and focus on efficiency are expected to improve net margins and operational management.Carnival: Rallying Confidently Above The Pessimism
Oct 02Carnival Corporation: Earnings Jump Seen In Q3 2024, But It's Priced In
Sep 25Carnival Corporation: Fed's Rate Cuts Ease Its Debt Load
Sep 17Carnival Corporation: Sailing Out Of Trouble
Sep 01Stability and Growth of Payments
Fetching dividends data
Stable Dividend: CCL's dividend payments have been volatile in the past 10 years.
Growing Dividend: CCL's dividend payments have fallen over the past 10 years.
Dividend Yield vs Market
| Carnival Corporation & Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (CCL) | 2.3% |
| Market Bottom 25% (US) | 1.4% |
| Market Top 25% (US) | 4.2% |
| Industry Average (Hospitality) | 2.2% |
| Analyst forecast (CCL) (up to 3 years) | 3.5% |
Notable Dividend: CCL's dividend (2.25%) is higher than the bottom 25% of dividend payers in the US market (1.4%).
High Dividend: CCL's dividend (2.25%) is low compared to the top 25% of dividend payers in the US market (4.22%).
Earnings Payout to Shareholders
Earnings Coverage: With its low payout ratio (6.4%), CCL's dividend payments are thoroughly covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonably low cash payout ratio (27.8%), CCL's dividend payments are well covered by cash flows.
Discover strong dividend paying companies
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/05/03 00:39 |
| End of Day Share Price | 2026/05/01 00:00 |
| Earnings | 2026/02/28 |
| Annual Earnings | 2025/11/30 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Carnival Corporation & plc is covered by 45 analysts. 22 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| John Staszak | Argus Research Company |
| Felicia Kantor Hendrix | Barclays |
| Brandt Montour | Barclays |