Costamare Inc. Announces Latest Dividend Update for Investors
Costamare Inc. Announces Dividend Payments
Costamare Inc. (NYSE: CMRE) has made an important announcement regarding dividends for its preferred and common stocks. The Company declared cash dividends on its Series B, Series C, and Series D Preferred Stocks, showcasing its commitment to shareholder returns. Specifically, the dividends declared are as follows: US $0.476563 per share for the 7.625% Series B Cumulative Redeemable Perpetual Preferred Stock, US $0.531250 per share for the 8.50% Series C Cumulative Redeemable Perpetual Preferred Stock, and US $0.546875 per share for the 8.75% Series D Cumulative Redeemable Perpetual Preferred Stock.
Details on Dividend Periods
The dividends for the Series B, Series C, and Series D Preferred Stocks will cover the period from July 15, 2025, to October 14, 2025. Shareholders can expect their payments to be distributed on October 15, 2025, to those holding the stocks as of October 14, 2025.
Common Stock Dividend Declared
In addition to the preferred stock dividends, Costamare Inc. also announced a quarterly dividend of US $0.115 per share on its common stock. This dividend is for the quarter that ended on September 30, 2025, and is scheduled to be paid on November 6, 2025, to those who hold common stock as of October 21, 2025.
Factors Influencing Dividend Declarations
It's essential to note that the declaration of dividends is contingent upon the Board of Directors' discretion. Several factors come into play, including the Company’s financial performance, cash flow, and economic conditions. Costamare must also consider its financing options, which may influence its ability to maintain or adjust dividend payments in the future.
Overview of Costamare Inc.
Costamare Inc. is a prominent player in the global shipping industry, specializing in the ownership and chartering of containerships. With over 51 years of operational history, the Company boasts a fleet of 68 containerships that collectively can carry around 513,000 TEU (Twenty-foot Equivalent Units). Additionally, there are four new containerships under construction that will augment their fleet capacity by another 12,400 TEU.
Commitment to Growth and Investment
Costamare Inc. actively engages in a leasing business alongside its shipping operations. This diversified approach allows the Company to enhance its revenue streams and offer flexible solutions in the maritime logistics sector. As a publicly traded entity on the New York Stock Exchange, its common stock, as well as its Series B, Series C, and Series D Preferred Stocks, are traded under the symbols CMRE, CMRE PR B, CMRE PR C, and CMRE PR D respectively.
Company Contact Information
For investors and interested parties looking for more details, the Company has provided contact information. Gregory Zikos serves as the Chief Financial Officer, with Konstantinos Tsakalidis in charge of Business Development and Investor Relations.
For inquiries, please contact Costamare Inc. via telephone at (+377) 93 25 09 40 or email at ir@costamare.com.
Frequently Asked Questions
What recent dividends has Costamare Inc. declared?
Costamare Inc. declared dividends on its Series B, C, and D Preferred Stocks, as well as a dividend for its common stock.
When will the dividends be paid out?
Dividends for the preferred stocks will be paid on October 15, 2025, and the common stock dividend will be paid on November 6, 2025.
What factors influence the dividend declarations?
The Board of Directors considers various factors, including the Company’s financial condition, earnings, cash requirements, and global economic conditions.
What type of business does Costamare Inc. operate?
Costamare Inc. is a leading provider of containerships for charter in the global shipping industry.
How many containerships does Costamare Inc. have?
The Company currently operates a fleet of 68 containerships and has additional ships under construction.
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