Carnival Corp. & plc (CCL: Quote,CCL.L,CUK: Quote) announced it has renewed an authorization for the repurchase of up to $1 billion of its common stock.
The company has repurchased two million shares of Carnival common stock valued at $78 million since the start of fiscal 2013, bringing the total amount purchased to date under the September 2007 $1 billion authorization to $835 million. The company’s board increased the remaining $165 million repurchase authorization to $1 billion.
The share repurchase authorization covers both Carnival common stock traded on the New York Stock Exchange and Carnival plc ordinary shares traded on the London Stock Exchange.
The company also declared a quarterly dividend of $0.25 per share. Carnival board approved a record date for the quarterly dividend of February 22, 2013 with a payment date of March 15, 2013.
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by RTT Staff Writer
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