Costamare Inc.Demonstrates Commitment to Shareholders Through Quarterly Dividend on Preferred and Common Stock
MONACO, April 2, 2024 - Costamare Inc.(NYSE: CMRE), a leading provider of container ships for charter, has recently declared cash dividends for its preferred and common stock.This move demonstrates the company’s stability and commitment to its shareholders.The dividends will be paid out for the period from January 15, 2024, to April 14, 2024.
In a press release, Costamare Inc.announced the dividends as follows: US $0.476563 per share on its 7.625% Series B Cumulative Redeemable Perpetual Preferred Stock (NYSE: CMRE PR B), US $0.531250 per share on its 8.50% Series C Cumulative Redeemable Perpetual Preferred Stock (NYSE: CMRE PR C), US $0.546875 per share on its 8.75% Series D Cumulative Redeemable Perpetual Preferred Stock (NYSE: CMRE PR D), and US $0.554688 per share on its 8.875% Series E Cumulative Redeemable Perpetual Preferred Stock (NYSE: CMRE PR E).
These dividends highlight Costamare’s commitment to providing value to its investors and confidence in its long-term financial stability.By consistently distributing dividends, the company reinforces its dedication to rewarding shareholders for their investment in its preferred stock.
The dividends will be paid on April 15, 2024, to all holders of record as of April 12, 2024.Costamare ensures that its shareholders receive the benefits they deserve by adhering to a transparent and efficient dividend payment process.
This recent announcement is not the first time Costamare Inc.has demonstrated its commitment to shareholders.On October 2, 2023, the company declared a quarterly dividend for preferred stockholders, emphasizing its stability and dedication to the investor community.This consistent pattern underlines Costamare’s objective to deliver long-term value to its shareholders and foster trust in their investment.
Costamare Inc.has established a strong reputation as a reliable provider of container ships for charter, servicing major liner companies worldwide.With a fleet of over 70 vessels, the company continues to expand its global presence and solidify its position in the industry.
As of the writing of this article, Costamare Inc.stands as a financially strong and stable company, reaffirming its commitment to shareholders through consistent dividend distributions.By providing regular dividends and delivering solid financial results, Costamare Inc.remains an attractive investment opportunity in the maritime sector.
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