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) has announced the schedule for its Second Quarter 2024 financial results release and conference call. The company will release its results for the quarter ended June 30, 2024, before the market opens on Wednesday, July 31, 2024. Following the release, Costamare's management team will host a conference call at 8:30 a.m. ET on the same day to discuss the financial results.
Participants can join the call by dialing specific numbers for the US, UK, or international callers. A replay of the conference call will be available until August 7, 2024. Additionally, a live webcast of the call will be accessible through the Costamare Inc. website.
Costamare Inc. (NYSE: CMRE) has completed the full redemption of its 4,574,100 outstanding shares of 8.875% Series E Cumulative Redeemable Perpetual Preferred Stock. The redemption price was set at $25.00 per share, plus accrued and unpaid dividends up to July 15, 2024. Prior to the redemption, the company paid a quarterly dividend of $0.554688 per share on July 15, 2024, to holders of record as of July 12, 2024. The redemption was funded with cash on hand. Following this action, no Series E Preferred Stock remains outstanding, and all associated rights have ceased, except for the holders' right to receive the redemption price. The New York Stock Exchange has suspended trading of the Series E Preferred Stock and initiated the delisting process.
Costamare announced its 2024 annual meeting of stockholders, set for October 3, 2024. The meeting will be held virtually. Stockholders of record by August 8, 2024, can vote and participate. Meeting details and the company's proxy statement will be sent around August 9, 2024. Costamare, listed on NYSE under the symbol CMRE, is engaged in owning and chartering containerships and dry bulk vessels.
Costamare (NYSE: CMRE) has declared cash dividends on its preferred and common stock. The dividends are $0.476563 per share for its 7.625% Series B, $0.531250 for its 8.50% Series C, $0.546875 for its 8.75% Series D, and $0.554688 for its 8.875% Series E preferred stocks. These dividends cover the period from April 15, 2024, to July 14, 2024. Payment will be made on July 15, 2024, to shareholders on record as of July 12, 2024. Notably, Series E shares will be redeemed at $25.00 per share on July 15, 2024. Additionally, Costamare declared a $0.115 per share dividend on its common stock for Q2 2024, payable on August 6, 2024, to shareholders on record as of July 19, 2024. The board's discretion, company earnings, financial conditions, and global economic factors influence dividend declarations.
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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