嘉年华邮轮恢复分红并扩大业务布局，股价近期波动显著

Core Viewpoint - Carnival Corporation will resume quarterly dividends of $0.15 per share on February 27, 2026, marking the first dividend since March 2020, which may have a short-term impact on stock prices [1] - The company plans to expand its Baltimore operations by adding a second cruise ship for the 2027-2028 season, reflecting a long-term strategic expansion [1] Stock Performance - Over the past week, Carnival Corporation's stock has shown significant volatility, with an 8.08% increase to $33.99 on February 6, followed by a 3.46% decline to $32.66 on February 9, and a rebound of 1.65% to $33.20 on February 10 [2] - As of February 13, the stock price was $32.00, down 1.39% from the previous day, with a cumulative decline of 5.42% over five days and a year-to-date increase of 5.26% [2] - The current price-to-earnings ratio (TTM) is 15.84, and the dividend yield is 0.47% [2] Financial Report Analysis - Although no new financial reports were released in the past week, the Q4 financial results announced on December 21, 2025, support the stock price, showing a 60% year-over-year increase in adjusted net profit to $3.1 billion [3] - The net debt/EBITDA ratio has decreased to 3.4 times, and the resumption of dividends since 2020 highlights the industry's recovery trend [3] Institutional Viewpoints - Truist Securities maintained a "Hold" rating for Carnival Corporation on January 22, 2026, with a target price of $34, and forecasts an adjusted earnings per share of $0.17 for Q1 2026 [4]