Costamare Stock Price, News & Analysis

Costamare Inc. (NYSE:CMRE) has successfully completed the spin-off of its dry bulk business into a new standalone public company, Costamare Bulkers Holdings Limited (NYSE:CMDB). Shareholders received one CMDB common share for every five CMRE common shares held as of April 29, 2025. The spin-off transforms Costamare Inc. into a primarily global container shipping provider, while maintaining its stake in Neptune Maritime Leasing. CMDB shares begin trading on the NYSE on May 7, 2025, while CMRE continues trading under its existing symbol.

Costamare Inc. (NYSE:CMRE) has scheduled its first quarter 2025 financial results release and conference call. The company will announce its Q1 2025 results on Thursday, May 8, 2025, before market opens. A conference call with management will follow at 8:30 a.m. ET the same day.

Participants can join the call using these numbers: 1-844-887-9405 (US), 0808-238-9064 (UK), or +1-412-317-9258 (international). A replay will be available until May 15, 2025, accessible via US number +1-877-344-7529 or international number +1-412-317-0088 with access code 2047557. Additionally, a live webcast will be available through the company's website (www.costamare.com).

Costamare Inc. (NYSE:CMRE) has announced the spin-off of its dry bulk business into a standalone company, Costamare Bulkers Holdings . The distribution is set for May 6, 2025, where shareholders will receive one Costamare Bulkers share for every five CMRE shares held as of April 29, 2025 (record date).

Key trading dates include:

• 'Due-bill' trading begins April 29, 2025
• 'When-issued' trading under 'CMDB WI' starts May 1, 2025
• Regular-way trading of Costamare Bulkers begins May 7, 2025 under 'CMDB'

Fractional shares will be aggregated and sold for cash. The spin-off remains subject to SEC effectiveness and NYSE listing approval, with Morgan Stanley & Co. serving as advisor.

Costamare Inc. (NYSE:CMRE) has announced details for an upcoming virtual Analyst and Investor Day hosted by the incoming management team of Costamare Bulkers Holdings . The event is scheduled for Wednesday, April 9, 2025, at 9:00 a.m. EDT.

The conference will focus on Costamare Bulkers' core business, operations, investment highlights, and strategic outlook, followed by a Q&A session. This event follows the previously announced spin-off of Costamare's dry bulk business, which will be held under Costamare Bulkers Holdings

Participants can join via phone using dedicated US (1-844-887-9405), UK (0808-238-9064), and international (+1-412-317-9258) numbers. A replay will be available until April 16, 2025. The event will also be accessible through a live webcast on Costamare's website.

Costamare Inc. (NYSE: CMRE) has announced its quarterly dividend declarations for both preferred and common stock. The company will distribute preferred stock dividends of $0.476563 per share for Series B (7.625%), $0.531250 for Series C (8.50%), and $0.546875 for Series D (8.75%) for the period January 15-April 14, 2025. These preferred dividends will be paid on April 15, 2025, to stockholders of record as of April 14, 2025.

Additionally, CMRE declared a quarterly common stock dividend of $0.115 per share for Q1 2025, payable on May 6, 2025, to shareholders of record as of April 17, 2025. The company notes that dividend declarations remain subject to Board discretion and depend on factors including earnings, financial condition, cash requirements, and financing terms.

Costamare Inc. (NYSE:CMRE) has announced a virtual Analyst and Investor Day for Costamare Bulkers Holdings scheduled for April 9th, 2025 at 9:00 a.m. EDT. The event will showcase the incoming management team of Costamare Bulkers, the new entity that will hold CMRE's owned dry bulk vessels and CBI operating platform following the company's planned spin-off.

The presentation will be led by Gregory Zikos, who will serve as CEO of Costamare Bulkers while maintaining his role as CFO of Costamare Inc. The management team, including Chief Commercial Officer Jens Jacobsen and CFO Dimitris Pagratis, will discuss the company's core business, operations, investment highlights, and strategic outlook, followed by a Q&A session. The event will be accessible via webcast through Costamare's website.

Costamare Inc. (NYSE:CMRE) has announced plans to spin off its dry bulk business into a separate publicly traded company, Costamare Bulkers Holdings . The separation will create two distinct entities: Costamare Inc. will continue as a global container shipping provider, while the new company will focus on dry bulk vessel ownership and operations.

The strategic separation aims to unlock value by creating two pure-play investment opportunities with distinct operating priorities and growth strategies. Key benefits include improved financial flexibility, enhanced management focus, and separate balance sheets tailored to each business segment.

The spin-off is expected to be completed within 2025 through a pro rata distribution of Costamare Bulkers Holdings shares to existing Costamare Inc. shareholders. The new company plans to list on the New York Stock Exchange. Morgan Stanley & Co. is serving as financial advisor, with Cravath, Swaine & Moore LLP as legal counsel.

Costamare Inc. (NYSE: CMRE) has announced the filing of its Annual Report on Form 20-F for the fiscal year ended December 31, 2024, with the U.S. Securities and Exchange Commission. The report, which includes the company's complete 2024 audited financial statements, is now accessible on Costamare's website in the 'Investors' section under 'Annual Reports'. Shareholders can request a free hard copy of the Annual Report by contacting the company's investor relations manager.

Costamare Inc. (NYSE: CMRE) reported its Q4 and full-year 2024 financial results. The company achieved FY 2024 Net Income of $290.7 million ($2.44 per share) and Adjusted Net Income of $329.7 million ($2.76 per share). For Q4 2024, Net Income was $29.7 million ($0.25 per share) with Adjusted Net Income of $82.3 million ($0.69 per share).

The company maintains strong liquidity of $941.6 million and has secured its containership fleet with 96% and 69% fixed charter rates for 2025 and 2026, respectively. Contracted revenues for the containership fleet amount to $2.4 billion with a 3.4-year duration. Recent activities include forward fixing 12 containerships, generating incremental revenues of $332.6 million, and completing multiple vessel transactions including the acquisition of three dry bulk vessels and the sale of one vessel.

The company has also concluded refinancing of 36 dry bulk vessels through four bilateral term loan facilities totaling $339.3 million and prepaid €100 million in unsecured bonds.