Costamare Inc. declared cash dividends for preferred and common stock, payable in mid-July and August 2026, respectively.
Quiver AI Summary
Costamare Inc. has announced cash dividends for its preferred stocks and common stock, 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 payable on July 15, 2026, to holders of record as of July 14, 2026. Additionally, a quarterly dividend of $0.125 per share will be paid on August 6, 2026, for common stock holders recorded by July 21, 2026. The declaration of these dividends is dependent on the Company’s financial health and is subject to the Board of Directors' discretion. Costamare Inc. is an established leader in the shipping industry, operating a fleet of 69 containerships and engaging in leasing finance.
Potential Positives
- Costamare Inc. has declared dividends on its preferred stocks, showcasing financial stability and a commitment to returning value to shareholders.
- The declaration of a common stock dividend indicates positive earnings and a healthy financial condition for the quarter ended June 30, 2026.
- With a fleet of 69 containerships in operation and additional vessels under construction, the company demonstrates growth potential and significant capacity in the cargo shipping industry.
- The company maintains a strong presence on the New York Stock Exchange, enhancing its visibility and attractiveness to investors.
Potential Negatives
- The declaration of dividends is subject to the discretion of the Board of Directors, highlighting potential instability in the company's ability to maintain future dividends based on earnings and financial condition.
- The press release emphasizes dependence on external financing and global economic conditions, suggesting vulnerability to market fluctuations and financial challenges.
- The mention of "forward-looking statements" indicates uncertainty in the company's future performance, which may concern investors regarding the reliability of projections.
FAQ
What are the announced dividends for Costamare's preferred stocks?
Costamare declared dividends of $0.476563 for Series B, $0.531250 for Series C, and $0.546875 for Series D Preferred Stock.
When will the dividends for the preferred stocks be paid?
The dividends for Series B, C, and D Preferred Stocks will be paid on July 15, 2026.
What is the common stock dividend for Costamare Inc.?
Costamare has declared a quarterly dividend of $0.125 per share for common stock for the quarter ended June 30, 2026.
When will the common stock dividends be paid?
The common stock dividends will be payable on August 6, 2026, to shareholders of record as of July 21, 2026.
What factors affect Costamare's dividend payments?
Dividend payments depend on the Company's earnings, financial condition, cash requirements, and global economic conditions.
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.
$CMRE Hedge Fund Activity
We have seen 100 institutional investors add shares of $CMRE stock to their portfolio, and 89 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- BLACKROCK, INC. removed 636,490 shares (-12.9%) from their portfolio in Q1 2026, for an estimated $10,756,681
- QUBE RESEARCH & TECHNOLOGIES LTD added 591,883 shares (+139.0%) to their portfolio in Q1 2026, for an estimated $10,002,822
- TWO SIGMA INVESTMENTS, LP added 588,679 shares (+inf%) to their portfolio in Q1 2026, for an estimated $9,948,675
- VESTGEN ADVISORS, LLC removed 345,481 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $5,838,628
- ACADIAN ASSET MANAGEMENT LLC added 317,059 shares (+11.3%) to their portfolio in Q1 2026, for an estimated $5,358,297
- AMERICAN CENTURY COMPANIES INC removed 276,536 shares (-16.5%) from their portfolio in Q1 2026, for an estimated $4,673,458
- LAZARD ASSET MANAGEMENT LLC added 226,149 shares (+501.1%) to their portfolio in Q4 2025, for an estimated $3,570,892
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
Full Release
MONACO, July 01, 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 April 15, 2026 to July 14, 2026. The dividend will be paid on July 15, 2026 to all holders of record as of July 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 $0.125 per share for the quarter ended June 30, 2026. The dividend for the common stock is payable on August 6, 2026, to holders of record of common stock as of July 21, 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 in the water, with a total capacity of approximately 520,000 TEU. The Company also has 22 newbuild containerships under construction and has agreed to acquire two secondhand containerships with a total capacity of approximately 152,600 TEU. The Company also participates in a lease financing 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]
