Costamare Stock (CMRE): Quarterly Dividend Declared

By Amit Chowdhry ● Jan 3, 2022
  • Costamare Inc. (NYSE: CMRE) has declared cash dividends. These are the details.

Costamare Inc. (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), 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) and US $0.554688 per share on its 8.875% Series E Cumulative Redeemable Perpetual Preferred Stock (the “Series E Preferred Stock”) (NYSE: CMRE PR E). The dividend for the Series B Preferred Stock, the Series C Preferred Stock, the Series D Preferred Stock and the Series E Preferred Stock is for the period from October 15, 2021, to January 14, 2022. The dividend will be paid on January 18, 2022 to all holders of record as of January 14, 2022 of Series B Preferred Stock, Series C Preferred Stock, Series D Preferred Stock and Series E Preferred Stock.

The company also declared a quarterly dividend on its common stock of US $0.115 per share for the quarter ended December 31, 2021. And the dividend for the common stock is payable on February 7, 2022 to holders of record of common stock as of January 20, 2022.

The declaration of a dividend is subject to the discretion of the Board of Directors of the company and will depend on 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 growth strategy, the restrictive covenants in existing and future debt instruments and global economic conditions.

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