Costamare (NYSE: CMRE) sets 2026 quarterly dividends on common and preferred shares
Filing Impact
Filing Sentiment
Form Type
6-K
Rhea-AI Filing Summary
Costamare Inc. is declaring cash dividends on its preferred and common shares. The company will pay US $0.476563 per share on its 7.625% Series B preferred, US $0.531250 on its 8.50% Series C preferred and US $0.546875 on its 8.75% Series D preferred for the period from January 15, 2026 to April 14, 2026, with payment on April 15, 2026 to holders of record as of April 14, 2026.
The company also declared a quarterly common stock dividend of US $0.115 per share for the quarter ended March 31, 2026, payable on May 5, 2026 to holders of record as of April 20, 2026. Management notes that any future dividends remain at the Board’s discretion and will depend on earnings, financial condition, financing conditions, debt covenants and global economic factors. Costamare operates a fleet of 79 containerships, including 10 under construction, with total capacity of about 551,000 TEU.
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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
Dividend for period January 15, 2026 to April 14, 2026; payable April 15, 2026
Series C preferred dividend
US $0.531250 per share
Dividend for period January 15, 2026 to April 14, 2026; payable April 15, 2026
Series D preferred dividend
US $0.546875 per share
Dividend for period January 15, 2026 to April 14, 2026; payable April 15, 2026
Common stock dividend
US $0.115 per share
Quarterly dividend for quarter ended March 31, 2026; payable May 5, 2026
Fleet size
79 containerships
Includes 10 vessels under construction; approximately 551,000 TEU capacity
Fleet capacity
Approximately 551,000 TEU
Total capacity of Costamare’s 79-ship containership fleet
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"
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
"has also declared a quarterly dividend on its common stock"
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
"with a total capacity of approximately 551,000 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”."
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
"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 dividends did Costamare Inc. (CMRE) declare on its preferred stock?
Costamare declared cash dividends of US $0.476563 per Series B share, US $0.531250 per Series C share, and US $0.546875 per Series D share, covering the period from January 15, 2026 to April 14, 2026, payable on April 15, 2026.
What is Costamare Inc. (CMRE) paying as a common stock dividend?
Costamare declared a quarterly common stock dividend of US $0.115 per share for the quarter ended March 31, 2026. It will be paid on May 5, 2026 to common shareholders of record as of April 20, 2026, reflecting ongoing cash returns to equity holders.
When are Costamare’s 2026 preferred dividends record and payment dates?
For Series B, C and D preferred shares, the record date is April 14, 2026 and the payment date is April 15, 2026. The dividends cover the period from January 15, 2026 to April 14, 2026 for all three preferred series outstanding.
What factors influence future dividend decisions at Costamare Inc. (CMRE)?
Future dividends are at the Board’s discretion and depend on Costamare’s earnings, financial condition, cash needs and availability, access to debt and equity financing, restrictive covenants in debt instruments, and broader global economic conditions impacting its shipping business and growth strategy.
How large is Costamare Inc.’s containership fleet?
Costamare operates a fleet of 79 containerships, including 10 vessels under construction, with total capacity of approximately 551,000 TEU. This sizable fleet underpins its role as a major owner and provider of containerships for charter in the international shipping industry.
On which exchange and under what symbols does Costamare Inc. trade?
Costamare’s common stock trades on the New York Stock Exchange under the symbol “CMRE.” Its Series B, C and D preferred shares trade as “CMRE PR B,” “CMRE PR C” and “CMRE PR D,” respectively, offering investors multiple listed equity instruments.