Costamare Stock Price, News & Analysis

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.

Costamare Inc. has announced its entry into the dry bulk sector, establishing a new operating platform supported by a team of experienced professionals. The company plans to invest up to $200 million in this venture, which will involve chartering dry bulk vessels and using hedging solutions. Operations are set to commence in the fourth quarter of 2022 with minimal financial leverage. This decision aligns with Costamare's counter-cyclical investment approach, aimed at enhancing the risk-reward profile for capital deployment amidst elevated asset values in the containership sector.

Costamare reported strong Q3 2022 financial results with a net income of $107.6 million ($0.89/share), slightly up from $107.4 million ($0.87/share) in Q3 2021. Adjusted net income rose to $107.4 million ($0.88/share) from $81.5 million ($0.66/share). The company's liquidity increased to $897.3 million, up from $557.8 million the previous year. Additionally, Costamare secured 11 new charter agreements generating approximately $420 million in revenues, enhancing their fleet’s charter coverage. A dividend of $0.115 per share was also declared for common stockholders.

Costamare Inc. (NYSE: CMRE) will announce its third quarter financial results for the period ending September 30, 2022, on November 2, 2022, before market opening. The company's management will discuss these results during a conference call at 9:00 a.m. ET on the same day. Interested parties can join by dialing specific numbers based on their location, and a replay will be available until November 9, 2022. Costamare operates a fleet of 76 containerships and 45 dry bulk vessels, showcasing its significant presence in the international shipping industry.

Costamare Inc. (NYSE: CMRE) held its annual meeting in Monaco on October 6, 2022, where two Class III directors, Konstantinos Konstantakopoulos and Charlotte Stratos, were elected, each serving until 2025. Additionally, stockholders ratified Ernst & Young (Hellas) as the independent auditors for the fiscal year ending December 31, 2022. Costamare boasts a fleet of 76 containerships and 45 dry bulk vessels, totaling significant capacities. The company has a 48-year history in international shipping, highlighting its established position in the market.

Costamare Inc. (NYSE: CMRE) declared cash dividends for its preferred and common stock. The dividends are as follows: $0.476563 for Series B, $0.531250 for Series C, $0.546875 for Series D, and $0.554688 for Series E preferred stocks, covering the period from July 15 to October 14, 2022, payable on October 17, 2022. Additionally, a common stock dividend of $0.115 per share is set for November 7, 2022. The declaration of dividends is subject to the Board's discretion, considering the company's earnings and financial condition.

Costamare Inc. (NYSE: CMRE) has announced its annual stockholders' meeting to be held on October 6, 2022, in Monaco. Stockholders of record as of August 18, 2022, will be eligible to vote. The meeting is planned to be in person, but alternative arrangements may be made in case of ongoing health concerns related to COVID-19. This company specializes in providing containerships and dry bulk vessels for charter, boasting a fleet of 76 containerships and 45 dry bulk vessels, showcasing a significant presence in the international shipping industry.

Costamare Inc. (NYSE: CMRE) reported record Q2 2022 financial results, with a net income of $114.1 million ($0.92/share), up from $82.8 million ($0.67/share) in Q2 2021. Adjusted net income increased to $118.6 million ($0.95/share) from $58.3 million ($0.47/share). Liquidity surged to $854.1 million. The company closed a $500 million syndicated loan facility, enhancing cash flow while reducing financing costs. A share repurchase program saw 4.7 million shares bought back. The fleet is fully employed for the rest of the year, with 95% fixed for 2023.