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Carnival Corporation And Plc Essay

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Carnival Corporation And Plc Essay
Amilia Westergaard

Bus 101

3/26/2017

Individual presentation

Carnival Corporation & PLC

Carnival Cruise Line was founded in 1972 by Ted Arison, a former executive of norwegian cruise lines, and Meshulam Riklis, of american international travel services. After a year's worth of incurred debt, Arison bought out Rilklis’s share of the company and it began to thrive. Carnival Corporation & PLC is now headquartered in Miami, Florida and considered the world's largest travel leisure company offering cruise vacations to some of the most desired destinations with a profit of $2.779 billion in 2016.. Carnival Corporation & PLC is composed of 2 different companies combined to create an entity, Carnival Corporation and Carnival PLC. Together the partnership contains 10 different …show more content…
“Our mission is to take the world on vacation and deliver exceptional experiences through many of the world’s best-known cruise brands that …show more content…
Some of Carnival Corporation & PLC’s biggest competitors include on land resorts as well as other cruise lines such as Royal Caribbean, Norwegian, and Disney. Royal Caribbean itself holds near 24% of the markets. Yet, Carnival Corporation & PLC is the only company in the world to be on both the S&P 500 and the FTSE indices. As of market close on 4/10/2017 the organization had a stock price of $57.73 per share. Within the past year, the price per share has fluctuated between $42.94 and $60.24. Recently, Carnival Corporation & PLC has announced that quarterly dividends will receive a 14% increase from $0.35 per share to $0.40. As well as dividend increase, the board of the company has approved $1 billion towards a new repurchasing program. In 2015 the company repurchased more than 56 million shares valued at $2.7 billion in a similar
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