MONACO, 01 July. Feb. 1, 2022 (GLOBE NEWSWIRE) — Costamare Inc. (the “Company”) (NYSE: CMRE) has declared cash dividends of $0.476563 per share on its 7.625% Series B Cumulative Perpetual Redeemable Preferred Shares (the “ Preferred Shares B”) (NYSE: CMRE PR B), $0.531250 per share on its 8.50% Series C Cumulative Perpetual Redeemable Preferred Shares (the “Series C Preferred Shares”) (NYSE: CMRE PR C ), $0.546875 per share on its 8.75% Series D Cumulative Redeemable Perpetual Preferred Shares (the “Series D Preferred Shares”) (NYSE: CMRE PR D) and $0.554688 per share on its Series E 8.875% Cumulative Redeemable Perpetual Preferred Shares (the “Series E Preferred Shares”). ) (NYSE: CMRE PR E). The dividend for the Series B Preferred Shares, Series C Preferred Shares, Series D Preferred Shares and Series E Preferred Shares is for the period from April 15, 2022 to July 14, 2022. The dividend will be paid on July 15 , 2022 to all holders of record as of July 14, 2022 of Series B Preferred Shares, Series C Preferred Shares, Series D Preferred Shares and Series E Preferred Shares.
The Company also declared a quarterly dividend on its common stock of $0.115 per share for the quarter ended June 30, 2022. The common stock dividend is payable on August 8, 2022 to registered holders of common stock on July 21, 2022 .
The declaration of a dividend is subject to the discretion of the board of directors of the Company and, therefore, will depend, among other things, on the profits, the financial situation and the cash needs and availability of the Company, the capacity of the Company to obtain debt and equity financing on acceptable terms as contemplated by the Company’s growth strategy, the Company’s existing and future debt covenants and global economic conditions.
About Costamare Inc.
Costamare Inc. is one of the world’s leading owners and suppliers of container charter vessels. The company has a 48-year history in the international shipping industry and a fleet of 76 container ships, with a total capacity of approximately 557,000 TEUs (including five vessels we have agreed to sell) and 46 bulk carriers vessels with a total capacity of approximately 2,493,500 DWT (including one vessel that we have agreed to sell). Four of our container ships have been acquired under the Deed Framework with York by ship-owning joint ventures in which we hold a minority stake. The Company’s common stock, Series B Preferred Stock, Series C Preferred Stock, Series D Preferred Stock and Series E Preferred Stock trade on the New York Stock Exchange under the symbols “CMRE”, ” CMRE PR B”, “CMRE PR C”, “CMRE PR D” and “CMRE PR E”, respectively.
This press release contains “forward-looking statements”. In some instances, you may identify these statements by forward-looking words such as “believe”, “intend”, “anticipate”, “estimate”, “project”, “anticipate”, “plan”, “potential”. , “could”, “should”, “could”, and “expect” and similar expressions. These statements are not historical facts but rather represent the Company’s belief regarding future results, many of which, by their nature, are inherently uncertain and beyond the Company’s control. Actual results may differ, perhaps materially, from those anticipated in these forward-looking statements. For a discussion of some of the risks and important factors that could affect future results, see the discussion in the Company’s Annual Report on Form 20-F (File No. 001-34934) under the heading “Risk Factors”.
Company details :
Gregory Zikos – Chief Financial Officer
Konstantinos Tsakalidis – Business Development, Investor Relations
Costamare Inc., Monaco
Tel: (+377) 93 25 09 40
Email: [email protected]