Costamare (NYSE: CMRE) sets Q2 2026 dividends on common and preferred
Filing Impact
Filing Sentiment
Form Type
6-K
Rhea-AI Filing Summary
Costamare Inc. has declared quarterly cash dividends on its preferred and common shares. Holders of its 7.625% Series B, 8.50% Series C and 8.75% Series D preferred stock will receive US $0.476563, US $0.531250 and US $0.546875 per share, respectively, for the period from April 15, 2026 to July 14, 2026, payable on July 15, 2026 to holders of record as of July 14, 2026.
The Company also declared a common share dividend of US $0.125 per share for the quarter ended June 30, 2026, payable on August 6, 2026 to holders of record on July 21, 2026. The Company notes that future dividends remain at the Board’s discretion and will depend on earnings, financial condition, financing access, debt covenants and global economic conditions. Costamare highlights a fleet of 69 containerships in the water with about 520,000 TEU of capacity, 22 newbuilds under construction and agreements to acquire two secondhand ships totaling about 152,600 TEU.
Positive
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Negative
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Key Figures
Series B preferred dividend: US $0.476563 per share
Series C preferred dividend: US $0.531250 per share
Series D preferred dividend: US $0.546875 per share
+3 more
6 metrics
Series B preferred dividend
US $0.476563 per share
For period April 15, 2026 to July 14, 2026; payable July 15, 2026
Series C preferred dividend
US $0.531250 per share
For period April 15, 2026 to July 14, 2026; payable July 15, 2026
Series D preferred dividend
US $0.546875 per share
For period April 15, 2026 to July 14, 2026; payable July 15, 2026
Common stock dividend
US $0.125 per share
Quarter ended June 30, 2026; payable August 6, 2026
Fleet in the water
69 containerships, ~520,000 TEU
Existing operating fleet capacity
Newbuild and secondhand capacity
22 newbuilds + 2 secondhand, ~152,600 TEU
Vessels under construction and agreed acquisitions
Key Terms
Cumulative Redeemable Perpetual Preferred Stock, quarterly dividend, TEU, forward-looking statements, +1 more
5 terms
Cumulative Redeemable Perpetual Preferred Stock financial
"7.625% Series B Cumulative Redeemable Perpetual Preferred Stock (the “Series B Preferred Stock”)"
A cumulative redeemable perpetual preferred stock is a type of ownership share that pays fixed dividends forever unless the company stops them, and any missed dividends accumulate and must be paid later. It can be redeemed (bought back) by the issuer at specified times or prices, so it behaves partly like a long-term loan; investors care because it sits ahead of common shares for payments and can affect a company’s cash needs and perceived credit risk.
quarterly dividend financial
"The Company has also declared a quarterly dividend on its common stock of US $0.125 per share"
A quarterly dividend is a payment a company gives to its shareholders four times a year, usually as a share of its profits. It's like getting a small bonus every few months for owning the company's stock, which can provide a steady income. Investors watch these payments to see how well a company is doing and whether it’s a good investment.
TEU technical
"a fleet of 69 containerships in the water, with a total capacity of approximately 520,000 TEU"
TEU stands for twenty-foot equivalent unit, a standard measure of containerized cargo capacity equal to one 20-foot long shipping container. Investors use TEUs to compare the size, throughput and utilization of ships, ports and logistics networks—think of it as counting parking spots for containers—which affects revenue potential, shipping costs and the flow of goods that influence supply chains and company earnings.
forward-looking statements regulatory
"This press release contains “forward-looking statements”. In some cases, you can identify these statements by forward-looking words"
Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.
Risk Factors regulatory
"see the discussion in the Company’s Annual Report on Form 20-F ... under the caption “Risk Factors”"
Risk factors are elements or conditions that could cause an investment's value to decrease or lead to potential losses. They are like warning signs or obstacles that can affect the success of an investment, making it uncertain or more unpredictable. Recognizing risk factors helps investors understand the possible challenges and make more informed decisions.
FAQ
What is the Costamare (CMRE) common stock dividend for the quarter ended June 30, 2026?
Costamare declared a quarterly common stock dividend of US $0.125 per share for the quarter ended June 30, 2026. The dividend is payable on August 6, 2026 to common shareholders of record as of July 21, 2026, reflecting continued cash returns to equity holders.
When are Costamare (CMRE) July 2026 preferred dividends payable and what are the record dates?
Preferred dividends for Series B, C and D are payable on July 15, 2026 to holders of record on July 14, 2026. The dividends cover the April 15 to July 14, 2026 period, aligning payment and record dates across all three preferred series.
How does Costamare (CMRE) describe future dividend policy in this filing?
The company states dividend declarations remain at the Board’s discretion and depend on earnings, financial condition, cash needs, access to debt and equity financing, restrictive debt covenants and global economic conditions. This means future dividend levels may change as these underlying business and market factors evolve.
What is the size of Costamare’s (CMRE) containership fleet and orderbook?
Costamare reports a fleet of 69 containerships in the water with total capacity of approximately 520,000 TEU. It also has 22 newbuild containerships under construction and agreements to acquire two secondhand containerships with combined capacity of about 152,600 TEU, expanding its overall fleet base.
On which exchange and under which symbols does Costamare (CMRE) trade?
Costamare’s common stock trades on the New York Stock Exchange under the symbol “CMRE”. Its preferred shares trade as “CMRE PR B” for Series B, “CMRE PR C” for Series C and “CMRE PR D” for Series D, providing multiple listed equity instruments.