I posted my plan to receive free cruises for the rest of our lives. More than two years have passed and I thought I would evaluate whether this plan was successful.
The idea was to purchase enough shares in Carnival Cruise Lines (NYSE: CCL) so that the dividend paid for a free cruise every time we take one. At the time I posted the article, shares were trading in the $34 range and paid a $.25 quarterly dividend.
How have I done? In a word: Outstanding. Stock in Carnival is now at $53/share, and the quarterly dividend was recently increased to $.30. I have a paper gain of $19 per share, and have collected $2/share in dividends. I ended up buying just 200 shares, not the 1,000 that I originally intended. The $3,800 paper gain, along with $400 in dividends, could pay for seven 7-day cruises for two at the price I paid for the cruise we are taking in December.
Did you get that? In exchange for investing $6,800, over two years I have received the equivalent of 7 week-long cruises. I could cash out today, receiving 100% of my money back, plus my gains.