For those that do not know, if you own a minimum of 100 shares of Carnival stock, you can get a $100 shipboard credit (per stateroom, ie, you and your significant other can't have 100 shares each for a $200 credit) on a cruise from 7 to 13 days in length. It seems to read that there are no limits on the number of cruises you can redeem this for each year. Take 10 cruises a year, $100 shipboard credit on all 10 of them. There are also other ammounts for the shipboard credit for other sailing lengths.
I recently bought a 100 shares of Carnival stock for this purpose. Figured it would be a nice little perk for future cruises even though we only cruise on average of every 2nd year. So far I'm up over $200 on my investment if I sold this stock again today But, I think I will hang onto it long term. I believe, based on my cruise experiences that Carnival is a great company with a great product. Plus, hopefully some day the dividend returns and nets me a few bucks every quarter.
Anyway, back on topic, I was curious as to anyone here that has taken advantage of this program in the past, has any persepctive on where it's going? Do you think it will be continued? Any chance the ammount of the shipboard credit could go up? I mean Carnival killed their dividend last year, so maybe throw a little extra at their shareholders / repeat customers?
It's a nice benefit and I have used it on each of my Carnival cruises. I don't know if I would buy 100 shares, at this time, just for the on board credit. When it was at $18 it was a great investment.
I am happy that Carnival hasn't put the restrictions that Royal Caribbean Lines has. You can no longer combine any on board credit or discounts. If you receive a Crown and Anchor credit then you cannot use the shareholders credit.
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I've heard of this but have wondered how you "prove" your shareholder status.
Send in a copy of your monthly statement. Thats what I do. Or send in a copy of the purchase if its recent. Something that shows you own the stock with your name on it. I email a pdf file to Carnival guest solutions.
To the OP, if Carnival isnt making enough money to reinstitute the dividend, chances are slim and none to me they would raise the amount of OBC.
I was chastised by some other "reporters" who said I had no right to recommend a stock when the market was tanking (I won't say who said that, but I received some nasty email). If you had bought 100 shares then you would be up $1700 on an investment of $1100. That about 150% return in one year.
Now they did go lower, down to $6.00/share, and I also told people to buy them at that price. They then both start climbing almost steadily higher with RCL around 28 and CCL around 34 right now.
Right now cruise stocks are somewhat stuck in a trading range and I am not in the market at all, but I will say I trade a fair amount and both cruise lines were very good to me, as were a lot of other stocks in 2009.
And yes, I have used my shares to get onboard credit.
Thanx everyone for the replies! I don't know why, but I got no emails of anyones post to my thread. Glad I remembered to look it up again!
So, I am booked on an 8-day cruise, so that's worth $100.
While it would have been nice to buy CCL or ANY stock for that matter on its lows, there was a lot of uncertainty at that time and hence a lot of people feared the markets. Plus, I had an average cost of $0.143 on SIRI and took 1/2 off the top when it hit $0.60
WRT the dividend, well, announced last week, it is indeed on it's way back and effective March IIRC will start again at $0.10. Nothing to write home about, but a start nonetheless.
Based on previous experience, I believe carnival is one hell of a company. I have another 20 years before I retire, by then, maybe CCL stock will be worth a lot more and my $32.30 per share cost will sound like a real bargain at that time, the dividend much higher. Over the years between shipboard credits and dividends, hopefully I'll do OK with owning a hundred shares of this stock. I will keep an eye on it over time and re-evaluate as necessary, but I'm only 35 years old right now
Looks like you did well krunch and now CCL will be paying a dividend.
I wanted to pop back on and say that my shareholder OBC wasn't on my account when I got on the Conquest for the Snooze Cruise. Sometimes it doesn't show until 2nd day and I did bring my paperwork so on the Tuesday I dropped by Guest Services and asked them to check for me. They did and I had the OBC before the end of the cruise. Doesn't hurt to take your documentation with you-just in case!
We've used the stockholder credit many times. It's good on any Carnival product and we've used it on our Princess cruises.
I send in a copy of the Proxy Vote as proof of ownership.
I doubt that the credit will go up, but it might "disappear". It's voted on every year-so far so good!
Well now you answered by question before I even asked it. My dad owns 100 shares of Carnival. I was wondering if the OBC applied to any Carnival owned cruise like Princess. Glad to here it does. My parents were thinking of doing a cruise to the Panama Canal or Hawaii.
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