Costamare Stock Price, News & Analysis

Costamare Inc. (NYSE: CMRE) announced cash dividends for its preferred stocks totaling up to US $0.554688 per share for Series B, C, D, and E, payable on April 17, 2023. The dividend for the common stock is set at US $0.115 per share, to be paid on May 5, 2023. The dividend declaration depends on the Company's financial condition, earnings, and economic conditions. With a fleet of 71 containerships and 44 dry bulk vessels, Costamare is a prominent player in the shipping industry, focusing on growth and maintaining financial health.

Costamare Inc. (NYSE: CMRE) has filed its Annual Report on Form 20-F for the fiscal year ended December 31, 2022, with the U.S. Securities and Exchange Commission. The report is accessible on the Company’s website in the Investors section. Stockholders may request a hard copy with the complete audited financial statements at no charge. Costamare, a leader in the shipping industry, operates a fleet of 71 containerships and 44 dry bulk vessels, with a total capacity of approximately 524,000 TEU and 2,404,000 DWT, respectively. The release includes forward-looking statements, cautioning that actual results may vary significantly.

Costamare Inc. (NYSE: CMRE) has announced a strategic investment of up to $200 million in Neptune Maritime Leasing Limited, solidifying its position as the leading investor in the maritime leasing platform. Established in 2021 and led by CEO Harris Antoniou, Neptune Leasing provides flexible financing solutions to shipowners. Costamare will also bring experienced shipping banker Vassilis Mantzavinos onto Neptune's board. This partnership is expected to enhance Costamare’s existing ship owning operations and leverage strong relationships within the shipping finance sector.

Costamare Inc. (CMRE) reported strong financial performance for 2022, with net income reaching $523.9 million ($4.26 per share), up from $404.1 million in 2021. The company also achieved an adjusted net income of $405.3 million ($3.30 per share), compared to $289.9 million in the previous year. Fourth quarter results showed a net income of $186.7 million ($1.53 per share), but adjusted net income dipped to $74.8 million ($0.61 per share) from $112.1 million in Q4 2021. Costamare's liquidity increased significantly to $973.2 million, and the company announced a new dry bulk venture, Costamare Bulkers Inc. Additionally, new debt financing of approximately $558 million was secured to improve financial flexibility.

Costamare Inc. (NYSE:CMRE) plans to release its fourth quarter 2022 financial results on February 8, 2023, before market opening. A conference call to discuss these results will follow at 8:30 a.m. ET, with details available for participants to join via phone or a live webcast on the company’s website. Costamare operates a fleet of 73 containerships and 45 dry bulk vessels, boasting significant capacity in the shipping industry. This announcement is part of their ongoing commitment to transparency and investor relations as they prepare for the financial details of the previous quarter.

Costamare Inc. (NYSE: CMRE) declared cash dividends for its preferred stocks totaling between US $0.476563 and US $0.554688 per share for the period from October 15, 2022, to January 14, 2023, with payment scheduled for January 17, 2023. Additionally, a quarterly dividend of US $0.115 per share on common stock will be paid on February 7, 2023, to shareholders on record as of January 20, 2023. The Board of Directors retains discretion over future dividends based on earnings, financial health, and market conditions.