Costamare Inc. (CMRE) to Issue Quarterly Dividend of $0.12 on May 5th

Costamare Inc. (NYSE:CMRE) declared a quarterly dividend on Thursday, April 2nd. Shareholders of record on Monday, April 20th will be given a dividend of 0.115 per share by the shipping company on Tuesday, May 5th. This represents a c) annualized dividend and a yield of 2.6%. The ex-dividend date is Monday, April 20th.

Costamare has increased its dividend by an average of 0.5%per year over the last three years. Costamare has a dividend payout ratio of 20.4% indicating that its dividend is sufficiently covered by earnings. Analysts expect Costamare to earn $2.42 per share next year, which means the company should continue to be able to cover its $0.46 annual dividend with an expected future payout ratio of 19.0%.

Costamare Price Performance

CMRE opened at $17.46 on Friday. The business’s 50-day moving average is $17.00 and its two-hundred day moving average is $15.37. Costamare has a 1 year low of $6.63 and a 1 year high of $18.06. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.73 and a quick ratio of 1.70. The firm has a market capitalization of $2.10 billion, a PE ratio of 6.13 and a beta of 1.22.

Costamare (NYSE:CMRE) last posted its earnings results on Sunday, February 15th. The shipping company reported $0.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.74 by ($0.14). Costamare had a net margin of 33.19% and a return on equity of 15.52%. The company had revenue of $200.18 million during the quarter, compared to analysts’ expectations of $204.00 million. The company’s revenue was down 6.9% compared to the same quarter last year. Research analysts anticipate that Costamare will post 2.52 earnings per share for the current fiscal year.

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.