Costamare Inc. Announces Cash Dividends
Costamare Inc. has proudly declared cash dividends for its preferred and common stock, demonstrating its ongoing commitment to delivering value to shareholders. The announced dividends cover various series of preferred stock, reflecting the company's robust financial status and dedication to maintaining a strong dividend policy.
Details of Dividend Declarations
The company has set the cash dividends at US $0.476563 per share for its 7.625% Series B Cumulative Redeemable Perpetual Preferred Stock, US $0.531250 for its 8.50% Series C Cumulative Redeemable Perpetual Preferred Stock, and US $0.546875 for its 8.75% Series D Cumulative Redeemable Perpetual Preferred Stock. Shareholders can expect the dividend for the Series B, Series C, and Series D Preferred Stocks for the period from July 15, 2024, to October 14, 2024. Payments for these dividends will be made on October 15, 2024, to all shareholders of record as of October 11, 2024.
Common Stock Dividend Announcement
In addition to the preferred stock dividends, Costamare Inc. declared a quarterly dividend of US $0.115 per share on its common stock for the quarter ending September 30, 2024. Shareholders can expect to receive this common stock dividend on November 6, 2024, with record holders as of October 21, 2024.
Factors Influencing Dividend Decisions
It's important to note that the declaration of dividends is influenced by several factors, including the earnings and financial condition of the company, cash requirements, and the ability to secure financing under acceptable terms. The Board of Directors exercises discretion regarding dividend declarations, striving to align with the company’s growth strategies while considering various financial covenants and overall economic conditions.
About Costamare Inc.
Costamare Inc. is a leading entity in owning and providing containerships and dry bulk vessels for charter. With a rich history of over 50 years in the international shipping industry, the company manages a fleet of 68 containerships, offering a total capacity of approximately 513,000 TEU, along with 38 owned dry bulk vessels, totaling about 2,830,000 DWT. The company is also active in the dry bulk marketplace and provides financing solutions through a leasing business that assists third-party owners.
Company Contacts
For further inquiries, please contact:
Gregory Zikos - Chief Financial Officer
Konstantinos Tsakalidis - Business Development, Investor Relations
Costamare Inc., Monaco
Tel: (+377) 93 25 09 40
Email: ir@costamare.com
Frequently Asked Questions
What is the amount of the preferred stock dividends announced by Costamare Inc.?
Costamare Inc. announced dividends ranging from US $0.476563 to US $0.546875 per share for its preferred stocks.
When will the common stock dividend be paid?
The quarterly dividend for common stock will be paid on November 6, 2024.
What factors influence the declaration of dividends by Costamare Inc.?
Factors include the company’s financial condition, earnings, cash requirements, and ability to secure financing.
How long has Costamare Inc. been in the shipping industry?
The company has over 50 years of experience in the international shipping industry.
Who should you contact for more information about Costamare Inc.?
For inquiries, contact Gregory Zikos or Konstantinos Tsakalidis through the provided email or phone number.
