Costamare Inc. announces cash dividends for preferred and common stock, payable in January and February 2026, respectively.
Quiver AI Summary
Costamare Inc. has announced cash dividends for its preferred stocks, including $0.476563 per share for its 7.625% Series B Preferred Stock, $0.531250 per share for its 8.50% Series C Preferred Stock, and $0.546875 per share for its 8.75% Series D Preferred Stock, all relating to the period from October 15, 2025, to January 14, 2026. These dividends will be paid on January 15, 2026, to holders of record as of January 14, 2026. Additionally, the company declared a quarterly common stock dividend of $0.115 per share for the quarter ending December 31, 2025, payable on February 5, 2026. The declaration of dividends is at the discretion of the Board and will depend on various financial factors. Costamare Inc. is a prominent provider of containerships and operates a fleet of 69 vessels, with several newbuilds underway.
Potential Positives
- Costamare Inc. declared cash dividends for its preferred and common stock, indicating strong financial performance and commitment to returning value to shareholders.
- The series of dividends announced includes payments on cumulative redeemable perpetual preferred stock, which is typically viewed positively by investors seeking stable income.
- The company remains active in maintaining its fleet, with six newbuild containerships under construction, supporting growth and future revenue potential.
- The continued presence and trading of its stocks on the New York Stock Exchange reinforces the company's credibility and visibility in the market.
Potential Negatives
- The declaration of dividends is dependent on the company's future earnings and financial condition, indicating potential uncertainty in the company's cash flow and ability to sustain dividends.
- The statement regarding the potential variability of actual results compared to forward-looking statements suggests inherent risks in the company's growth strategy and financial projections.
- Restrictions from existing and future debt instruments and global economic conditions could limit the company's financial flexibility and growth opportunities.
FAQ
What are the cash dividends declared by Costamare Inc.?
Costamare Inc. declared dividends of $0.476563, $0.531250, and $0.546875 per share for its Series B, C, and D Preferred Stocks, respectively.
When will the dividends be paid?
The dividends for the Series B, C, and D Preferred Stocks will be paid on January 15, 2026.
What is the common stock dividend amount?
The common stock dividend is set at $0.115 per share for the quarter ended December 31, 2025.
What is the record date for the dividends?
The record date for preferred stock dividends is January 14, 2026, and January 20, 2026, for common stock dividends.
How long has Costamare Inc. been in operation?
Costamare Inc. has a 52-year history in the international shipping industry.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
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Full Release
MONACO, Jan. 02, 2026 (GLOBE NEWSWIRE) -- Costamare Inc. (the “Company”) (NYSE: CMRE) has declared cash dividends of US $0.476563 per share on its 7.625% Series B Cumulative Redeemable Perpetual Preferred Stock (the “Series B Preferred Stock”) (NYSE: CMRE PR B), US $0.531250 per share on its 8.50% Series C Cumulative Redeemable Perpetual Preferred Stock (the “Series C Preferred Stock”) (NYSE: CMRE PR C) and US $0.546875 per share on its 8.75% Series D Cumulative Redeemable Perpetual Preferred Stock (the “Series D Preferred Stock”) (NYSE: CMRE PR D). The dividend for the Series B Preferred Stock, the Series C Preferred Stock and the Series D Preferred Stock is for the period from October 15, 2025 to January 14, 2026. The dividend will be paid on January 15, 2026 to all holders of record as of January 14, 2026 of Series B Preferred Stock, Series C Preferred Stock and Series D Preferred Stock.
The Company has also declared a quarterly dividend on its common stock of US $0.115 per share for the quarter ended December 31, 2025. The dividend for the common stock is payable on February 5, 2026, to holders of record of common stock as of January 20, 2026.
The declaration of a dividend is subject to the discretion of the Board of Directors of the Company, and accordingly will depend on, among other things, the Company’s earnings, financial condition and cash requirements and availability, the Company’s ability to obtain debt and equity financing on acceptable terms as contemplated by the Company’s growth strategy, the restrictive covenants in the Company’s existing and future debt instruments and global economic conditions.
About Costamare Inc.
Costamare Inc. is one of the world’s leading owners and providers of containerships for charter. The Company has 52 years of history in the international shipping industry and a fleet of 69 containerships, with a total capacity of approximately 520,000 TEU. The Company also has six newbuild containerships under construction with a total capacity of 18,600 TEU. The Company also participates in a leasing business. The Company’s common stock, Series B Preferred Stock, Series C Preferred Stock and Series D Preferred Stock trade on the New York Stock Exchange under the symbols “CMRE”, “CMRE PR B”, “CMRE PR C” and “CMRE PR D”, respectively.
Forward-Looking Statements
This press release contains “forward-looking statements”. In some cases, you can identify these statements by forward-looking words such as “believe”, “intend”, “anticipate”, “estimate”, “project”, “forecast”, “plan”, “potential”, “may”, “should”, “could” and “expect” and similar expressions. These statements are not historical facts but instead represent only the Company’s belief regarding future results, many of which, by their nature, are inherently uncertain and outside of the Company’s control. It is possible that actual results may differ, possibly materially, from those anticipated in these forward-looking statements. For a discussion of some of the risks and important factors that could affect future results, see the discussion in the Company’s Annual Report on Form 20-F (File No. 001-34934) under the caption “Risk Factors”.
Company Contacts:
Gregory Zikos - Chief Financial Officer
Konstantinos Tsakalidis - Business Development, Investor Relations
Costamare Inc., Monaco
Tel: (+377) 93 25 09 40
Email: [email protected]