Carnival's Rising Cash Flow Sparks Share Repurchases -- Company Talk
Dow Jones
Jun 23
Carnival's capital allocation strategy is shifting toward direct shareholder returns as cash flow strengthens. The company has repurchased more than $450 million in stock and distributed $207 million in 2Q dividends. CFO David Bernstein says the company's net debt to adjusted Ebitda ratio reached 3.1x, an improvement of more than half a point from a year ago. The contrast with recent years is clear: debt reduction previously dominated the agenda. Moody's recognized the momentum with a credit rating upgrade and continued positive outlook, the company says
This article was automatically created using artificial-intelligence technology and reviewed by Dow Jones Newswires editors.
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June 23, 2026 10:21 ET (14:21 GMT)
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