Costamare Inc. Announces Attractive Dividends for Investors

Costamare Inc.: Exciting Dividend Announcements

Costamare Inc. (NYSE: CMRE) recently made headlines by declaring impressive cash dividends on its various stock classes. This news has captured the attention of investors looking for stable returns in the shipping industry, a sector that represents a vital component of global trade.

Details of the Preferred Stock Dividends

Specifically, Costamare has set a cash dividend of US $0.476563 for each share of its 7.625% Series B Cumulative Redeemable Perpetual Preferred Stock. Additionally, holders of its 8.50% Series C Cumulative Redeemable Perpetual Preferred Stock will receive US $0.531250 per share. For the 8.75% Series D Cumulative Redeemable Perpetual Preferred Stock, the declared dividend stands at US $0.546875 per share. These dividends pertain to the period spanning from October 15 to January 14.

Payment Schedule for Preferred Stocks

Shareholders of record for these preferred stocks will see their dividends paid on January 15. This timing aligns with the company’s commitment to maintaining strong ties with its investors, offering predictable income and showing confidence in its financial health.

Common Stock Dividend Announced

In addition to the preferred stocks, Costamare has announced a quarterly dividend of US $0.115 per share on its common stock, reflecting its robust performance and commitment to shareholder returns. This dividend is set to be distributed on February 6, with the record date being January 21. This dual approach to dividend payments underscores the company's strong financial position.

Board of Directors' Oversight on Dividends

It’s important to note that the declaration of these dividends is contingent upon the discretion of Costamare's Board of Directors. This means that factors such as earnings, financial stability, and cash flow are crucial in the decision-making process. This careful oversight ensures that the company can sustain its earnings while continuing to support its shareholders.

About Costamare Inc.

Costamare Inc. stands as a formidable name in the global shipping industry, with a rich history spanning over five decades. The company has built a fleet comprising 68 containerships that boast a total capacity of approximately 513,000 TEU, further supplemented by 39 dry bulk vessels with an impressive capacity of around 3,054,000 DWT. This extensive fleet positions Costamare as a key player in the maritime sector, capable of meeting the diverse shipping needs of clients worldwide.

Business Operations and Financial Solutions

Beyond merely owning and managing vessels, Costamare also offers a dry bulk operating platform, engaging in charter operations, contracts of affreightment, and forward freight agreements, among other services. These multifaceted financial solutions highlight the company's innovative approach to maritime logistics and finance.

Company Contact Information

For investors seeking further details or those who wish to engage with the company, Costamare’s leadership is accessible for inquiries. Key contacts include Gregory Zikos, Chief Financial Officer, and Konstantinos Tsakalidis, responsible for Business Development and Investor Relations. Interested parties can reach out through the company’s offices in Monaco at (+377) 93 25 09 40, or via email at ir@costamare.com.

Frequently Asked Questions

What dividends has Costamare Inc. declared recently?

Costamare Inc. declared dividends on its preferred stocks and common stock, including $0.476563 per share for Series B Preferred Stock.

When will the dividends be paid?

The dividends for the preferred stocks will be paid on January 15, while the common stock dividend is scheduled for February 6.

How does Costamare Inc. ensure dividend payments?

The Board of Directors evaluates the company’s earnings and financial condition before declaring dividends to ensure sustainability.

What is the significance of these dividends?

These dividends show the company's commitment to returning value to its shareholders while maintaining financial health in a competitive market.

Where can I find more information about Costamare Inc.?

Investors can contact Gregory Zikos or Konstantinos Tsakalidis for detailed inquiries or visit the company’s official communication channels.

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