Cruise operator Carnival declares quarterly dividend of 25 cents per share
Cruise operator Carnival Corp. is declaring a quarterly dividend of 25 cents per share.
The Miami company said Wednesday that it will pay the dividend on June 10 to shareholders of record on May 20. 2011
Last month Carnival, whose brands include Holland America Line, Princess Cruises and Carnival Cruise Lines, reported that its first-quarter profit fell in part because of higher-than-expected fuel prices.
I dropped my cruise line stock in June. I kept 100 shares of RCI and CCL just for the shareholder benefit. I am glad I did. I may get back in when it looks like the stock has bottomed out but I believe that may be a while. I did make a profit but, like always, I wish I had not held it as long as I did.
There may be more buying opportunities in the near future.
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"There is a great difference between being well traveled and just having been to many places." ~Me
Naturally - the entire stock market has tanked in the last two weeks. I agree selling two weeks agi was a very good move.
I have not owned either cruise line stock for awhile simply because I have not really been watching my portfolio so much lately.
But with a selloff like this current one - no, I would not recommend jumping in while the market is still falling - however the market return could happen quite quickly and could be easy to miss. - Just like this recent selloff happened very quickly.
All in all, it is impossible to say how bad things are going to get right now, but when tings do turn around it sometimes pays to look at stocks that have soldoff the most according to their actual earnings potential.
I pulled the trigger on RCL at 23.50 but only got a small partial fill. I upped my bid to 23.70 and got a full fill and I'm looking good right now. I just hope today is the "capitulation" day. I see RCL doing better starting next quarter.
Carnival Liberty New Year's Eve 2007
Liberty of the Seas 5/2008+11/2009
Allure 1/16/ 2011
Vision OTS 2-14-2015
My buy in yesterday is doing well right now. I tend to buy in on dips (the only good thing about down days). Of course I had to sell my Apple which had been much higher before this recent sell-off, but at least I got out before it really tanked yesterday.
Anyway, I am in RCL at 23.65 and so far so good.
Just FYI - I am a pretty active trader (which is why I never recommend people follow my lead). I sold my RCL when it was up 2 points from where I bought it just because I did not like the way the market was acting.
BUT - when you look at the dropping price of oil - don't you wonder if the cruise lines could possibly do better than expected? Fuel is SUCH a big part of their operating costs.
RCL is now at an incredibe $22.60 - a drop from $39.40 just about 7 weeks ago. Yes, I know it was downgraded, but in my mind this indicates oversold.
Anyone else thinking the same thing? Or is it going lower?