Carnival Stock To Go Ex-dividend Tomorrow (CCL)

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

NEW YORK ( TheStreet) -- The ex-dividend date for Carnival Corporation (NYSE: CCL) is tomorrow, November 20, 2012. Owners of shares as of market close today will be eligible for a dividend of 25 cents per share. At a price of $37.87 as of 9:30 a.m. ET, the dividend yield is 2.7%.

The average volume for Carnival has been 3.6 million shares per day over the past 30 days. Carnival has a market cap of $22.23 billion and is part of the services sector and leisure industry. Shares are up 14.6% year to date as of the close of trading on Friday.

Carnival Corporation operates as a cruise and vacation company worldwide. The company has a P/E ratio of 20.4, above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Carnival as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, expanding profit margins and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full Carnival Ratings Report.

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