Costamare Inc. (CMRE) To Go Ex-Dividend on July 21st

Costamare Inc. (NYSE:CMRE) announced a quarterly dividend on Wednesday, July 1st. Shareholders of record on Tuesday, July 21st will be given a dividend of 0.125 per share by the shipping company on Thursday, August 6th. This represents a c) dividend on an annualized basis and a yield of 3.5%. The ex-dividend date is Tuesday, July 21st. This is a 8.7% increase from Costamare’s previous quarterly dividend of $0.12.

Costamare has increased its dividend payment by an average of 0.5%per year over the last three years. Costamare has a payout ratio of 20.4% indicating that its dividend is sufficiently covered by earnings.

Costamare Price Performance

Shares of NYSE:CMRE opened at $14.25 on Friday. The company has a current ratio of 1.96, a quick ratio of 1.92 and a debt-to-equity ratio of 0.56. Costamare has a 12 month low of $9.00 and a 12 month high of $18.06. The stock has a market capitalization of $1.71 billion, a PE ratio of 5.32 and a beta of 1.06. The firm has a 50 day moving average of $16.06 and a 200-day moving average of $16.37.

Costamare (NYSE:CMRE) last released its earnings results on Wednesday, April 29th. The shipping company reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.57 by $0.06. The firm had revenue of $199.25 million for the quarter, compared to analysts’ expectations of $191.50 million. Costamare had a return on equity of 16.42% and a net margin of 39.93%.The business’s revenue for the quarter was up 5.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.63 earnings per share.

About Costamare

Costamare Inc is a leading owner and manager of containerships, specializing in the acquisition, chartering and operation of modern container vessels. The company secures employment for its fleet under a mix of long‐term and short‐term agreements, providing vital capacity to major shipping lines and leveraging fixed-rate charters to support cash flow stability.

Founded in 1974 and headquartered in Athens, Greece, Costamare has cultivated a disciplined approach to fleet renewal, often overseeing newbuild supervision and shipyard coordination to ensure vessels meet performance and environmental standards.