Carnival Corporation has announced that it has increased its quarterly dividend to $0.30 per share.

“We are pleased to increase dividends to our shareholders 20 per cent this quarter, reflecting our strong cash flow from operations approaching $4 billion this year,” said Arnold Donald, president Carnival Corporation.

“We are committed to returning value to our shareholders as we work toward our goal of providing double digit return on invested capital.”

The company’s board of directors approved a record date for the quarterly dividend of August 21st, 2015, and a payment date of September 11th, 2015.

Dividends payable in sterling will be converted from US dollars at the exchange rate quoted by the Bank of England in London at 12:00 on September 1st, 2015. 

Carnival Corporation is the largest cruise company in the world, with a portfolio of ten cruise brands in North America, Europe, Australia and Asia, comprised of Carnival Cruise Lines, Holland America Line, Princess Cruises, Seabourn, AIDA Cruises, Costa Cruises, Cunard, P&O Cruises (Australia),P&O Cruises (UK) and fathom.

Together, these brands will operate 100 ships in 2015 totalling 219,000 lower berths with eight new ships scheduled to be delivered between 2016 and 2018.