Costamare Inc stock improved 37.76% from a year ago, this brings the year to date performance to 24.34%. Costamare Inc stock is currently trading on the NYSE by 2.8% above its 52 week average.
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In a recent announcement from Monaco that has captured the attention of investors, Costamare Inc. (NYSE: CMRE) declared cash dividends for its preferred and common stock. The dividends reflect the company s ongoing commitment to returning value to its shareholders, even amidst a challenging economic landscape. Key Facts:1. Dividend Details: Costamare has declared the following quarterly dividends: - Series B: US $0.476563 per share on its 7.625% Series B Cumulative Redeemable Perpetual Preferred Stock (NYSE: CMRE PR B). - Series C: US $0.531250 per share on its 8.50% Series C Cumulative Redeemable Perpetual Preferred Stock (NYSE: CMRE PR C). - Series D: US $0.546875 per share on its 8.75% Series D Cumulative Redeemable Perpetual Preferred Stock (NYSE: CMRE PR D).2. Dividend Period: These dividends apply for the period beginning July 15, 2024, and ending October 14, 2024.
Costamare Inc. Completes Redemption of Series E Preferred Stock, Impacting Shareholders and Reflecting Company's Financial Stability MONACO, July 15, 2024 - Costamare Inc. (NYSE: CMRE), a leading international owner and provider of containerships for charter, announced today the successful completion of the redemption of all of its 4,574,100 outstanding shares of 8.875% Series E Cumulative Redeemable Perpetual Preferred Stock. This strategic move demonstrates the company's commitment to optimizing its capital structure and further solidifying its financial position. The redemption price for each share of the Series E Preferred Stock was set at $25.00, along with accrued and unpaid dividends up to, but not including, the Redemption Date of July 15, 2024. Prior to the redemption, the Company distributed a quarterly dividend of $0.554688 per share on the Series E Preferred Stock to eligible shareholders recorded as of July 12, 2024. The funds for this redemption were sourced from the Company's strong cash reserves.
Costamare Inc. Demonstrates Stability and Commitment to Shareholders with Quarterly Dividend Announcement Costamare Inc. recently declared cash dividends for its preferred stockholders, showcasing the company's commitment to providing value to its shareholders. The dividends for the 7.625% Series B, 8.50% Series C, 8.75% Series D, and 8.875% Series E Cumulative Redeemable Perpetual Preferred Stocks will be paid on July 15, 2024 to holders of record as of July 12, 2024. The dividend for the Series E Preferred Stock will be paid just before the planned redemption of all outstanding shares of Series E Preferred Stock. This announcement comes on the heels of Costamare Inc.'s previous quarterly dividend declaration on October 2, 2023, further emphasizing the company's stability and commitment to its shareholders. The company's shares have shown significant improvement, with a 68.51% increase from a year ago and a year-to-date performance of 53.84%. Additionally, Costamare Inc. shares have reached their 52-week high, reflecting positive market sentiment towards the company.
Costamare Inc. (NYSE: CMRE) has announced its plans to redeem all outstanding shares of its 8.875% Series E Cumulative Redeemable Perpetual Preferred Stock. This move, scheduled for July 15, 2024, will see shareholders receiving a redemption price of $25.00 per share plus accrued dividends. This news comes on the heels of the company's previous announcement in October 2023, where Costamare Inc. demonstrated stability and commitment to its shareholders by declaring a quarterly dividend for preferred stockholders. This decision showcased the company's dedication to providing value to its investors.
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).
Costamare Inc. Declares Quarterly Dividend on Its Preferred and Common Stock MONACO, Oct. 02, 2023 - Costamare Inc., a leading provider of container ships for charter, announced today that it has declared cash dividends for its preferred stockholders. The company will pay dividends of 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 are applicable for the period from July 15, 2023, to October 14, 2023. The dividends will be paid on October 16, 2023, to all holders of record as of October 13, 2023, for the respective preferred stock series. Costamare Inc. takes pride in consistently providing attractive dividend yields to its investors, further strengthening its commitment to delivering value.
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