Costamare Inc. Declares Quarterly Dividend on Its Preferred and Common Stock

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Costamare Inc. (NYSE: CMRE) has announced its quarterly dividend declarations for both preferred and common stock. The company declared dividends for three series of preferred stock: $0.476563 per share for Series B (7.625%), $0.531250 per share for Series C (8.50%), and $0.546875 per share for Series D (8.75%) Preferred Stock, covering the period from April 15, 2025 to July 14, 2025.

Additionally, CMRE declared a quarterly dividend of $0.115 per share on its common stock for the quarter ended June 30, 2025. The preferred stock dividends will be paid on July 15, 2025, to holders of record as of July 14, 2025, while the common stock dividend is payable on August 6, 2025, to shareholders of record as of July 21, 2025.

MONACO, July 01, 2025 (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, 2025 to July 14, 2025. The dividend will be paid on July 15, 2025 to all holders of record as of July 14, 2025 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 June 30, 2025. The dividend for the common stock is payable on August 6, 2025, to holders of record of common stock as of July 21, 2025.

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 51 years of history in the international shipping industry and a fleet of 68 containerships, with a total capacity of approximately 513,000 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: ir@costamare.com

FAQ

What is Costamare's (CMRE) dividend amount for Q2 2025?

Costamare declared a quarterly dividend of $0.115 per share on its common stock for Q2 2025.

When will CMRE pay its Q2 2025 common stock dividend?

The common stock dividend will be paid on August 6, 2025, to shareholders of record as of July 21, 2025.

What are the preferred stock dividend rates for Costamare (CMRE)?

CMRE declared dividends of $0.476563 for Series B (7.625%), $0.531250 for Series C (8.50%), and $0.546875 for Series D (8.75%) preferred stock.

What is the record date for CMRE's preferred stock dividends?

The record date for all preferred stock series (B, C, and D) is July 14, 2025, with payment on July 15, 2025.

What factors determine Costamare's dividend declarations?

Dividend declarations depend on earnings, financial condition, cash requirements, financing ability, debt covenants, and global economic conditions.