After the recent Triumph cruise disaster and subsequent voyage distributions, Credit Suisse lowered the price target and earnings estimates on cruise operator Carnival Corporation (CCL).
The analysts maintain a “Neutral” rating on CCL and reduced earnings estimates for the company through 2014.
Carnival Corp shares were relatively flat during Monday morning trading. The stock is up +16.82% over the past year.
The Bottom Line
Shares of Carnival Corp (CCL) have a dividend yield of 2.86% based on Friday’s closing price of $34.99 and the company’s annualized dividend yield of $1.00 per share.
Carnival Corporation (CCL) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.3 out of 5 stars.
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