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.
On June 14, 2024, Costamare announced the redemption of all outstanding shares of its Series E Cumulative Redeemable Perpetual Preferred Stock, which carries an 8.875% dividend rate. The redemption will occur on July 15, 2024, at a price of $25.00 per share plus any accrued and unpaid dividends up to the redemption date. Currently, there are 4,574,100 outstanding shares of Series E Preferred Stock. After the redemption, these shares will no longer be outstanding, terminating all associated rights except the right to receive the redemption payment. The redemption will be managed through The Depository Trust Company and facilitated by Equiniti Trust Company,
Costamare Inc. reported unaudited financial results for Q1 2024, with Net Income available to common stockholders of $94.2 million and Adjusted Net Income of $75.2 million. Liquidity stood at $1.1 billion. Containership fleet contracted revenues totaled $2.3 billion. The company concluded vessel sales and acquisitions. Neptune Maritime Leasing platform shows steady growth. Dividends were declared for common and preferred stock. Financial performance improved compared to Q1 2023.
Costamare Inc. (NYSE:CMRE) will release its first quarter 2024 results on May 10, 2024, before the market opens in New York. A conference call, scheduled for 8:30 a.m. ET on the same day, will discuss the financial results. Participants can join the call by dialing in using the provided numbers. A replay of the call will be available until May 17, 2024. Additionally, a live webcast will be accessible through Costamare Inc.'s website.
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