Costamare Inc. Announces Dividend Details for Shareholders
Costamare Inc. Dividends for Preferred and Common Stock
Costamare Inc. recently made a significant announcement regarding cash dividends for its shareholders. The company, renowned for its long-standing presence in the shipping industry, stated that it would pay dividends of $0.476563 per share on its 7.625% Series B Cumulative Redeemable Perpetual Preferred Stock, $0.531250 per share on its 8.50% Series C Cumulative Redeemable Perpetual Preferred Stock, and $0.546875 per share on its 8.75% Series D Cumulative Redeemable Perpetual Preferred Stock.
Dividend Payment Dates and Stock Details
The announcement specified that the dividends for the Series B, C, and D Preferred Stocks will cover the period from April 15 to July 14. Shareholders can expect these dividends to be disbursed on July 15 to all holders recorded by July 14.
Moreover, Costamare Inc. declared a quarterly dividend of $0.115 per share on their common stock for the second quarter, with payments to be made on August 6, going to common stockholders recorded by July 21.
Financial Governance and Dividend Decisions
It's important to note that the declaration and payment of dividends are contingent upon the judgment of the Board of Directors. This decision considers various factors, including the company’s earnings and overall financial health. Additionally, the ability to secure financing and adhere to existing loan agreements also influences these decisions.
Impacts of Economic Factors
The global economic climate plays a crucial role in the company’s operations and financial strategies. Potential investors should stay informed about ongoing economic developments as they may affect dividend policies and corporate growth.
Overview of Costamare Inc.
Costamare Inc. stands out as a leading player in the container shipping sector, proudly operating a fleet of 68 containerships that collectively provide a capacity of approximately 513,000 TEU. With a robust history spanning over five decades, the company has established a solid reputation in leasing services.
The company’s stock, comprising their common shares and preferred stocks, is traded on the New York Stock Exchange under the symbols CMRE, CMRE PR B, CMRE PR C, and CMRE PR D. Investors interested in the shipping industry often keep an eye on these stocks due to their growth potential.
Contact Information for Inquiries
For shareholders or potential investors looking to gather more information, the company has dedicated contacts:
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 are the recent dividend amounts declared by Costamare Inc.?
Costamare Inc. declared dividends of $0.476563, $0.531250, $0.546875 on preferred stocks and $0.115 on common stock.
When will the dividends be distributed?
Dividends will be distributed on July 15 for preferred stocks and on August 6 for common stock.
What factors influence the declaration of dividends?
The Board of Directors considers earnings, financial condition, cash requirements, and overall economic conditions.
How many containerships does Costamare Inc. operate?
Costamare Inc. operates a fleet of 68 containerships with a total capacity of about 513,000 TEU.
Where can I contact Costamare Inc. for more information?
You can reach out to Gregory Zikos or Konstantinos Tsakalidis at the provided email and phone number for inquiries.
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