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Costamare Inc. reports developments tied to its containership ownership and chartering business, shipping lease financing exposure, and public-company capital structure. Company updates include quarterly and annual operating results, vessel deliveries and time charters with liner customers, liquidity and profitability disclosures, and activity related to Neptune Maritime Leasing Limited.
Costamare news also covers recurring dividends on its common stock and Series B, Series C, and Series D cumulative redeemable perpetual preferred stock. Following the completed spin-off of its dry bulk business into a standalone public company, results describe that former business as discontinued operations and focus continuing-company reporting on containership operations, lease financing, governance, and financing capacity.
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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.