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 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.
Costamare Inc. (NYSE: CMRE) will announce its Q2 2022 financial results on July 28, 2022, before market opens. A conference call hosted by the management team is scheduled for the same day at 10:00 a.m. ET to discuss the results. Participants can join via specific dial-in numbers and a live webcast will also be available on the company’s website. Costamare, a key player in the international shipping industry, operates a fleet of 76 containerships and 46 dry bulk vessels.
Costamare Inc. (CMRE) has declared cash dividends across its preferred stock and common stock. The preferred stock 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, all payable on July 15, 2022. Additionally, a common stock dividend of $0.115 is scheduled for payment on August 8, 2022, for the quarter ending June 30, 2022. The Board of Directors' discretion on future dividends will depend on financial health, cash flow, and market conditions.
Costamare Inc. (NYSE: CMRE) has successfully closed a 5-year syndicated loan facility of up to $500 million. This refinancing will cover debt obligations for 17 containerships averaging 14 years in age, ensuring no overlap with the maturity of existing debt for 16 of these vessels. The facility was oversubscribed and is anticipated to be fully drawn down by the end of Q2 2022. CFO Gregory Zikos noted that the new loan will significantly lower funding costs, with expected net cash inflow of around $200 million post-repayment of current obligations.
Costamare Inc. (NYSE: CMRE) reported a remarkable financial performance for Q1 2022, with net income reaching $115.4 million ($0.93 per share), a significant increase from $60.5 million ($0.49 per share) in Q1 2021. Adjusted net income also rose to $104.5 million ($0.84 per share) versus $38 million ($0.31 per share) year-over-year. Liquidity improved to $644 million, and the company fully employed its containership fleet throughout 2022, securing over 90% capacity for 2023. New financing agreements total $160.5 million, with a special dividend of $0.50 per share declared on April 1, 2022.