Welcome to our dedicated page for Costamare news (Ticker: CMRE), a resource for investors and traders seeking the latest updates and insights on Costamare stock.
Costamare Inc. (NYSE: CMRE) is an international owner and operator of containerships that charters its vessels to liner companies for the transportation of containerized cargoes. This news page brings together the company’s press releases and market announcements, giving readers a focused view of developments affecting this deep sea freight transportation business.
Recent Costamare news has highlighted quarterly and nine‑month financial results, updates on profitability and liquidity, and details on voyage revenue and non‑GAAP performance measures such as Adjusted Net Income and voyage revenue adjusted on a cash basis. The company also reports on its chartering activity, including the percentage of its containership fleet fixed for future years, contracted revenues for the fleet, and newbuilding contracts for 3,100 TEU containerships with long‑term charters to liner companies upon delivery.
Investors following CMRE news will also find regular announcements of quarterly dividends on both common stock and multiple series of cumulative redeemable perpetual preferred stock, as well as governance updates such as annual meeting notices, director elections and amendments to the Shareholders Rights Agreement. Costamare’s disclosures further cover its spin‑off of the dry bulk business into Costamare Bulkers Holdings Limited, its controlling interest in Neptune Maritime Leasing Limited, and capital structure developments including the designation of Series F Preferred Stock.
For those tracking the shipping and transportation and warehousing sector, this page offers a consolidated feed of Costamare’s earnings releases, chartering and fleet employment updates, financing transactions, and regulatory responses. Readers can use it as a central reference for company‑issued information about CMRE’s operations, capital decisions and corporate governance.
Costamare Inc. (NYSE: CMRE) announced plans to offer up to €100 million in unsecured bonds in Greece. The offering, conducted through its subsidiary Costamare Participations Plc, aims to enhance financial stability and support vessel acquisitions and working capital needs. Proceeds will be allocated to repaying debts, acquiring vessels, and other operational costs. The bonds are unregistered under U.S. securities laws and cannot be sold in the U.S. without compliance. Costamare operates a fleet of 82 containerships, emphasizing its established position in the international shipping industry.
Costamare Inc. (NYSE: CMRE) has acquired York Capital's 60% equity interest in five 11,000 TEU containerships, raising its ownership to 100%. Four of the vessels were built in 2017 and one in 2016. The acquisition, valued at approximately US $335 million, is funded through cash and commercial bank debt with tenors of up to 10 years. The vessels are under long-term charters expiring between 2025 and 2031, providing an average charter duration of 8.9 years.
Costamare Inc. (NYSE: CMRE) declared cash dividends for its preferred and common stock. The dividends are as follows: $0.476563 per share for Series B, $0.531250 for Series C, $0.546875 for Series D, and $0.554688 for Series E, all payable on April 15, 2021. Additionally, a common stock dividend of $0.10 per share will be distributed on May 6, 2021. The payment is subject to company performance and market conditions. Costamare operates a fleet of 77 containerships, reinforcing its position in the shipping industry.
Costamare Inc. (NYSE: CMRE) has filed its Annual Report on Form 20-F for the fiscal year ended December 31, 2020, with the U.S. Securities and Exchange Commission. The report, which includes the company’s audited financial statements, is available on its website under the ‘Investors’ section. Costamare operates a fleet of 77 containerships with a total capacity of approximately 555,810 TEU, including future acquisitions. The report outlines forward-looking statements and associated risks, emphasizing uncertainties that may affect actual results.
Costamare reported Q4 2020 results, showing an adjusted net income of $32.7 million and adjusted EPS of $0.27. For the full year 2020, adjusted net income reached $123.7 million, with an EPS of $1.02. The company secured 20 new vessel charters, enhancing contracted revenues by over $440 million with an average duration of five years. Liquidity stood at $209.8 million, and no significant debt maturities are due until 2024. The quarterly dividend announced is $0.10 per share. The overall performance reflects strong demand and reduced idle fleet, positioning the company for potential growth.
Costamare Inc. (NYSE:CMRE) will release its fourth quarter results on February 1, 2021, after market close. A conference call is scheduled for February 2 at 8:30 a.m. ET to discuss the financial results. Participants can join via phone or through the company’s website, where a replay will be available until February 9. Costamare operates a fleet of 72 containerships with a capacity of approximately 529,000 TEU, emphasizing its significant role in the international shipping industry for nearly 50 years.
Costamare Inc. (NYSE: CMRE) has declared cash dividends on its preferred and common stocks. Preferred stocks will receive dividends of US $0.476563 for Series B, US $0.531250 for Series C, US $0.546875 for Series D, and US $0.554688 for Series E, effective January 15, 2021. The common stock dividend is set at US $0.10 per share for the quarter ending December 31, 2020, payable on February 5, 2021. These dividends are subject to the Board's discretion, influenced by the company’s financial condition and growth strategies.
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Costamare reported Q3 2020 results with a net income of $25.2 million ($0.14/share) and voyage revenues of $107.9 million. The company maintains a strong liquidity of $210.4 million and no significant debt maturities until 2024. Fleet renewal efforts included acquiring three newer containerships and selling two older vessels. Costamare also extended charters for multiple vessels, indicating ongoing demand. A dividend of $0.10/share was declared, reinforcing shareholder returns amid challenges.
Costamare Inc. (NYSE:CMRE) will release its Q3 2020 earnings on October 27, 2020, after market close. A conference call is scheduled for October 28, 2020, at 8:30 a.m. ET to discuss the financial results. Participants can join the call using the numbers provided. A replay will be available until November 4, 2020, along with a live webcast accessible through the company's website. Costamare is a leading owner and provider of containerships, operating 73 vessels with a total capacity of approximately 533,000 TEU.