Carnival Corporation has announced that it has declared a dividend of $0.35 per share, an increase of 17 percent.

“The increase in our quarterly dividend follows a 20 percent increase less than a year ago and reflects our sustained earnings improvement and growing net cash flow which is forecasted to reach $4.5 billion in 2016,” said Arnold Donald, Carnival Corporation & plc President and Chief Executive Officer.  “The increased dividend, in combination with our current share re-purchase program, underscores our commitment to return value to our shareholders.”      

The company’s board of directors approved a record date for the quarterly dividend of May 27, 2016, and a payment date of June 17, 2016.

Holders of Carnival Corporation common stock and Carnival plc ADSs will receive the dividend payable in U.S. dollars.  The dividend for Carnival plc ordinary shares will be payable in U.S. dollars or sterling.  In the absence of instructions or elections to the contrary, holders of Carnival plc ordinary shares will automatically receive the dividend in sterling.