Carnival Corporation Ltd.
CCLConsumer Cyclical · Stock · quarterly payer
Forward Yield
2.06%
Annual Dividend
$0.45
Payout Ratio
14%
5-Yr Growth
—
Ex-Date
Aug 7, 2026
Frequency
Quarterly
Summary
As of September 2026, Carnival Corporation Ltd. (CCL) yields 2.06% ($0.45 per share annually), with a blended fair-value estimate of $7.11 — -67% downside, so it screens as overvalued. Dividend safety grade: C (56/100).
Is CCL a good dividend stock?
MixedCarnival Corporation Ltd. (CCL) pays a quarterly dividend yielding 2.06% ($0.45/yr), with 0 years of growth and a dividend-safety grade of C. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal.
Advantages
- Comfortable payout ratio (14%)
Risks
- Cut its dividend in 2010
- Share price is down over the past 5 years
Key Data
- Dividend Yield
- 2.06%
- Payout Ratio
- 14%
- Annual Dividend
- $0.45
- 5-Yr Avg Growth
- —
- Ex-Dividend Date
- Aug 7, 2026
- Years of Growth
- 0
- Frequency
- quarterly
- Beta
- 2.31
- Market Cap
- $29.9B
- P/E Ratio
- 9.8
- 5-Yr Total Return
- -1%
- 52-Week Range
- $21.81 – $34.03
- Dividend Safety
- C · 56/100
- Ever Cut?
- Yes (2010)
Frequently Asked Questions
CCL Price — Last 12 Months
Daily close
Price Return
1 Year
-24%
3 Years
+91%
5 Years
-1%
52-Week Range
$21.81 – $34.03
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is CCL worth?
Overvaluedlow confidenceOur blended fair-value estimate for Carnival Corporation Ltd. is $7.11 per share, versus a market price of $21.84. That implies 67% of downside.
Fair Value
$7.11
Current Price
$21.84
Downside
-67%
Margin of Safety
-207%
How we get there
Dividend discount
Discounts the future dividend stream back to today.
At today's price, the market is pricing in about 40.0% annual free-cash-flow growth. We model 17.6% — so the price already assumes faster growth than we think is likely.
Assumptions: 12.0% discount rate (CAPM), 17.6% stage-1 growth, 2.5% terminal growth, $2.22 EPS, $0.45 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
CCL Dividend Safety Score
Borderline
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Aug 7, 2026 | — | $0.1500 | regular |
| May 18, 2026 | — | $0.1500 | regular |
| Feb 13, 2026 | — | $0.1500 | regular |
| Feb 20, 2020 | — | $0.5000 | regular |
| Nov 21, 2019 | — | $0.5000 | regular |
| Aug 22, 2019 | — | $0.5000 | regular |
| May 23, 2019 | — | $0.5000 | regular |
| Feb 21, 2019 | — | $0.5000 | regular |
| Nov 21, 2018 | — | $0.5000 | regular |
| Aug 23, 2018 | — | $0.5000 | regular |
| May 24, 2018 | — | $0.5000 | regular |
| Feb 22, 2018 | — | $0.4500 | regular |
| Nov 22, 2017 | — | $0.4500 | regular |
| Aug 23, 2017 | — | $0.4000 | regular |
Income Calculator
At $0.45 / yr per share
