Carnival Corporation & plc has announced that it has increased its quarterly dividend to $0.30 per share.

“We are pleased to increase dividends to our shareholders 20 percent this quarter, reflecting our strong cash flow from operations approaching $4 billion this year,” said Arnold Donald, president and CEO of Carnival Corporation & plc. “We are committed to returning value to our shareholders as we work toward our goal of providing double digit return on invested capital.”

The company’s board of directors approved a record date for the quarterly dividend of August 21, 2015, and a payment date of September 11, 2015.