Carnival Corporation (CCL) will raise its quarterly dividend to $0.45 per share. The company's board approved a record date for the quarterly dividend of November 24, 2017 with a payment date of December 15, 2017.

"The increase in our quarterly dividend follows a 14 percent increase earlier this year reflecting continued confidence in our sustained earnings improvement and strong cash flow. The increased dividend, combined with our ongoing share repurchase program, affirms our continued commitment to return cash to shareholders," said David Bernstein, chief financial officer for Carnival Corporation & plc.

Carnival Corporation & plc is a leisure travel company. Carnival is a cruise company and provider of vacations with operations in North America, Europe, Australia and Asia. Carnival Corporation and Carnival plc operate a dual listed company arrangement. The company's brands include Carnival Cruise Line, Holland America Line, Princess Cruises, Seabourn, AIDA Cruises, Costa Cruises, Cunard, P&O Cruises (Australia) and P&O Cruises (UK), as well as Fathom, the corporation's immersion and enrichment experience brand. Carnival Corporation was incorporated in Panama in 1972 and Carnival plc was incorporated in England and Wales in 2000.