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Citing Strong Financial Performance in 1995, Carnival Raises Dividend

Carnival Corporation's board of directors has voted a 20 percent increase in the regular quarterly dividend from 7.5 cents per share to 9 cents per share for the fourth quarter ending November 30, 1995. The increased dividend is payable December 14, 1995, to shareholders of record on November 30, 1995.

"We are pleased to be able to provide our shareholders with an increased dividend," said Carnival Vice Chairman Howard Frank.

"This action reflects our strong financial performance during fiscal 1995 coupled with management's optimism in the future of the cruise industry, and Carnival's preeminent position within the industry," he added.

Carnival Corporation is comprised of Carnival Cruise Lines, Holland America Line, Windstar Cruises, and Seabourn Cruise Line (25 percent owned), which combined, operates 22 ships in the Caribbean, Alaska and other worldwide destinations. The corporation introduced two new ships last year and has seven more ships slated to begin service over the next four years. Carnival Cruise Lines introduced its 70,000-grt Imagination in early July It has three more 70,000-ton vessels under construction. The first of those, Inspiration, is scheduled to begin service in the spring of 1996. Two more as-yet-unnamed vessels are slated for delivery in February and November of 1998. It also has under construction Carnival Destiny, which will be the largest passenger ship ever built when it is introduced in late 1996. A sister to Carnival Destiny will enter service in 1999. Holland America's new 1,266-passenger Ryndam began service in October 1994. The company has contracted for an additional 1,266-passenger Holland America ship, Veendam, scheduled for delivery in the spring of 1996. Another, at 62,000-grt, will begin a new vessel class for Holland America Line.

Delivery of this vessel is expected in the fall of 1997.

 
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