Costamare Stock Price, News & Analysis

Costamare Inc. (NYSE:CMRE) will announce its fourth quarter results for the period ending December 31, 2021, after market close on March 9, 2022. A conference call to discuss these results is scheduled for March 10, 2022, at 8:30 a.m. ET. Participants can join via phone or by registering for the live webcast on the company's website. Costamare, a major player in the shipping industry, operates a fleet of 79 containerships and 44 dry bulk vessels, with significant capacities in TEU and DWT. The company emphasizes its long-standing history and growth in maritime services.

Costamare Inc. (NYSE: CMRE) has announced cash dividends for its preferred and common stocks. The dividends include US $0.476563 per share for Series B, US $0.531250 for Series C, US $0.546875 for Series D, and US $0.554688 for Series E preferred stocks, for the period from October 15, 2021, to January 14, 2022, payable on January 18, 2022. Additionally, a common stock dividend of US $0.115 per share for the quarter ending December 31, 2021, will be payable on February 7, 2022. The declaration of dividends is contingent upon the company's financial condition and market conditions.

Costamare Inc. (NYSE: CMRE) announced significant expansions in its fleet, including the execution of two shipbuilding contracts for two 13,000 TEU containerships and the exercise of options for six more. Additionally, the company has acquired seven dry bulk vessels, projecting total contracted revenues of $4.8 billion with an average charter duration of 6.3 years. Deliveries are expected between Q3 2023 and Q1 2024, with financing through cash and debt. This strategic move aims to enhance fleet capacity amidst rising demand in the shipping industry.

Costamare reported impressive financial results for Q3 2021, with a net income of $107.4 million, a significant increase from $17.4 million in Q3 2020. Earnings per Share rose to $0.87, compared to $0.14 the previous year. The company delivered an additional 20 dry bulk vessels, bringing the total to 34, and expects three more by year-end. Notable gains were recorded from vessel sales, totaling $16.5 million for the Venetiko and an estimated $13.8 million from the ZIM Shanghai. Overall, Costamare's liquidity stood at $303.1 million.

Costamare Inc. (NYSE:CMRE) has scheduled its earnings release for the third quarter on October 27, 2021, before market opening. A conference call with management will follow at 8:30 a.m. ET on the same day to discuss financial results. Dial-in instructions have been provided for participants. A live webcast will also be available on the company's website. Costamare operates a fleet of 81 containerships and 37 dry bulk vessels, indicating a strong presence in the shipping industry. The company emphasizes that forward-looking statements may differ from actual results.

Costamare Inc. (NYSE: CMRE) has declared dividends for various preferred stocks and its common stock. Preferred stock dividends include:

• $0.476563 for Series B
• $0.531250 for Series C
• $0.546875 for Series D
• $0.554688 for Series E

These dividends are for the period from July 15, 2021, to October 14, 2021, payable on October 15, 2021. Additionally, a common stock dividend of $0.115 per share will be paid on November 5, 2021. The declaration depends on the company’s financial health and future cash flow.

Costamare Inc. (NYSE: CMRE) held its annual stockholders meeting on September 30, 2021, where two Class II directors, Gregory Zikos and Vagn Lehd Møller, were elected for terms ending in 2024. Additionally, stockholders ratified Ernst & Young (Hellas) as independent auditors for the 2021 fiscal year. Costamare operates a fleet of 81 containerships and 37 dry bulk vessels, with a total capacity of approximately 581,000 TEU and 1,910,000 DWT. The company's common and preferred stocks trade on the NYSE under various symbols, including CMRE.

Costamare Inc. (NYSE: CMRE) announced its 2021 Annual Meeting will be held virtually on September 30, 2021, at 14:00 Central European Time due to COVID-19. Only stockholders of record as of August 12, 2021, can vote, and they are encouraged to submit their proxies in advance. Costamare has a fleet of 81 containerships with a capacity of approximately 581,000 TEU and 37 dry bulk vessels totaling around 1,910,000 DWT. The press release discloses forward-looking statements regarding potential future results and associated risks.

Costamare Inc. (NYSE: CMRE) has scheduled its annual stockholder meeting in Monaco for September 30, 2021. Stockholders of record from August 12, 2021, are eligible to vote. The meeting will be held in-person unless health concerns due to COVID-19 necessitate a virtual format. The company has 81 containerships and 37 dry bulk vessels, reinforcing its position in the shipping industry. Formal notices and proxy statements will be dispatched to stockholders in due course.