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 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.
Costamare reported Q2 2021 net income of $82.8 million ($0.67 EPS), significantly up from a net loss of $76.2 million in Q2 2020. Adjusted net income reached $58.3 million with $0.47 adjusted EPS. The company has expanded its fleet with plans to acquire an additional 21 dry bulk vessels, totaling 37 in total. New charters resulted in increased rates, with agreements for two containerships at $72,700 daily. Liquidity stands at $353.8 million, bolstered by $261.6 million in new debt financing.
Costamare Inc. (NYSE:CMRE) will release its second-quarter financial results on July 28, 2021, before the market opens. A conference call is scheduled for the same day at 8:30 a.m. ET, where the management team will discuss the results. Participants can join by dialing specific numbers for various regions. A live webcast will also be available on the company's website, alongside a replay option until August 4, 2021. Costamare is a leading owner and provider of containerships, with a fleet comprising 81 containerships and 28 dry bulk vessels.
Costamare Inc. (NYSE: CMRE) has declared cash dividends for several preferred stocks: $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, 2021. A common stock dividend of $0.115 per share will be paid on August 5, 2021. Record dates are July 14 for preferred stocks and July 20 for common stock. Dividend declarations depend on the company's financial health and market conditions.
Costamare announced the acquisition of 16 dry bulk vessels, ranging from 33,000 to 85,000 DWT with an average age of 10 years. The vessels are operating in the spot market, with two already delivered and the rest expected by January 2022. The acquisition will be funded with cash on hand and supplemented by commercial bank debt, aiming for a leverage of up to 60% of asset value. The move is intended to enhance returns for shareholders, and the existing management platform will oversee the new vessels.
Costamare reported strong Q1 2021 results, with net income rising to $60.5 million and earnings per share at $0.49. A 15% dividend increase to $0.115 per common share is recommended. The company issued €100 million in bonds at a 2.7% coupon and completed around $617 million in vessel transactions this year. Voyage revenue grew 4.4% to $126.7 million, driven by acquisitions. The liquidity stood at $239.8 million, with no significant debt maturities until 2025. Management's outlook remains optimistic due to favorable market conditions and increasing long-term cash flows.
Costamare (NYSE:CMRE) will release its Q1 2021 financial results on June 1, 2021, before the market opens. A conference call is set for the same day at 8:30 a.m. ET to discuss the earnings. Participants can dial in from various locations, with replay options available until June 8, 2021. Costamare operates a fleet of 82 containerships, adding to its longstanding presence in the shipping industry. The company also cautions about the uncertainties related to forward-looking statements that could affect its future results.
Costamare announced the pricing of €100 million unsecured bonds, maturing in 2026, with a 2.70% coupon, set to trade on the Athens Exchange starting May 26, 2021. The net proceeds are allocated for debt repayment, vessel acquisitions, and working capital. This marks a significant milestone as it represents the first shipping bond on the Athens Exchange, highlighting strong demand and diversification of financing sources.