Costamare Inc. Announces Dividends for Stockholders
Costamare Inc. is excited to share news regarding its recent dividend declarations, a testament to the company's financial health and commitment to its investors. The company has announced cash dividends amounting to US $0.476563 per share on its 7.625% Series B Cumulative Redeemable Perpetual Preferred Stock, US $0.531250 per share for its 8.50% Series C Cumulative Redeemable Perpetual Preferred Stock, and US $0.546875 per share on its 8.75% Series D Cumulative Redeemable Perpetual Preferred Stock.
Details of the Dividend Payments
These dividends signify the company’s performance over a specified period from early January until mid-April of the current year. Stakeholders can expect these payments to be disbursed on mid-April to all holders of record for these preferred stocks. Moreover, Costamare Inc. has also declared a quarterly payout for its common stock at a rate of US $0.115 per share for the quarter ended in late March, with payments scheduled for early May.
Factors Influencing Dividend Declarations
The declaration of dividends is carefully considered by Costamare Inc.'s Board of Directors. Key factors influencing these decisions include the company's earnings levels, financial standing, overall cash needs, and market conditions. As a growing entity in the shipping industry, maintaining effective financing channels is crucial for sustaining operational excellence.
About Costamare Inc.
Costamare Inc. is a prominent player in the shipping realm, firmly establishing itself as a leading owner and provider of containerships and dry bulk vessels for charter, boasting over five decades of experience in international shipping. The company operates a robust fleet comprising 68 containerships, with a total capacity nearing 513,000 TEU, and an additional 38 owned dry bulk vessels, collectively reaching approximately 3,016,000 DWT. This diverse fleet allows Costamare Inc. to excel in various maritime operations. Additionally, the company has developed a dry bulk operating platform to charter vessels and participate in lease financing.
The Importance of Maintaining Strong Financial Health
In a competitive marketplace, having a sustainable operating model is crucial for continued success. Costamare Inc. strategically focuses on its earnings and financial position, which allow it to adapt to global economic shifts and meet the challenges of the maritime industry effectively.
Company Contact Information
Those interested in further details about Costamare Inc. can reach out to key company contacts. Gregory Zikos serves as the Chief Financial Officer while Konstantinos Tsakalidis oversees Business Development and Investor Relations. The company is based in Monaco and can be contacted via telephone at (+377) 93 25 09 40 or through email at ir@costamare.com.
Frequently Asked Questions
What is the recent dividend declared by Costamare Inc.?
The company declared cash dividends on preferred stocks ranging from US $0.476563 to US $0.546875 per share.
When will the dividends be paid out?
Dividends are scheduled for payment on April 15 for preferred stock and on May 6 for common stock.
What factors affect the dividend declaration?
The Board of Directors considers earnings, financial conditions, cash requirements, and market conditions before declaring dividends.
How is Costamare Inc. positioned in the shipping industry?
Costamare Inc. is a leading provider of containerships and dry bulk vessels, with extensive experience in the international shipping sector.
Who are the key contacts at Costamare Inc.?
Gregory Zikos is the CFO, and Konstantinos Tsakalidis handles Business Development and Investor Relations.
