Carnival Corporation Ltd.
CCLConsumer Cyclical · Stock · quarterly payer
Forward Yield
1.56%
Annual Dividend
$0.45
Payout Ratio
14%
5-Yr Growth
—
Ex-Date
Aug 7, 2026
Frequency
Quarterly
Summary
As of August 2026, Carnival Corporation Ltd. (CCL) yields 1.56% ($0.45 per share annually), with a blended fair-value estimate of $78.35 — +182% upside, so it screens as undervalued. Dividend safety grade: B (72/100).
Is CCL a good dividend stock?
Yes, with caveatsCarnival Corporation Ltd. (CCL) pays a quarterly dividend yielding 1.56% ($0.45/yr), with 0 years of growth and a dividend-safety grade of B. It's a solid income payer, but check the caveats below before buying.
Advantages
- Comfortable payout ratio (14%)
Risks
- Cut its dividend in 2010
Key Data
- Dividend Yield
- 1.56%
- Payout Ratio
- 14%
- Annual Dividend
- $0.45
- 5-Yr Avg Growth
- —
- Ex-Dividend Date
- Aug 7, 2026
- Years of Growth
- 0
- Frequency
- quarterly
- Beta
- 2.34
- Market Cap
- $39.7B
- P/E Ratio
- 12.9
- 5-Yr Total Return
- 20%
- 52-Week Range
- $23.45 – $34.03
- Dividend Safety
- B · 72/100
- Ever Cut?
- Yes (2010)
Frequently Asked Questions
CCL Price — Last 12 Months
Daily close
Price Return
1 Year
-9%
3 Years
+83%
5 Years
+20%
52-Week Range
$23.45 – $34.03
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is CCL worth?
Undervaluedlow confidenceOur blended fair-value estimate for Carnival Corporation Ltd. is $78.35 per share, versus a market price of $27.81. That implies 182% of upside — a margin of safety of about 65%.
Fair Value
$78.35
Current Price
$27.81
Upside
+182%
Margin of Safety
65%
How we get there
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about 40.0% annual free-cash-flow growth. We model 16.7% — so the price already assumes faster growth than we think is likely.
Assumptions: 12.0% discount rate (CAPM), 16.7% 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
Safe
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
