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

Costamare Inc. (NYSE:CMRE) declared a quarterly dividend on Wednesday, July 1st. Stockholders 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 dividend yield of 3.4%. The ex-dividend date of this dividend 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 22.1% indicating that its dividend is sufficiently covered by earnings.

Costamare Price Performance

Shares of CMRE stock opened at $14.74 on Friday. The business has a fifty day simple moving average of $15.65 and a 200 day simple moving average of $16.32. The company has a market cap of $1.77 billion, a P/E ratio of 5.50 and a beta of 1.06. The company has a quick ratio of 1.92, a current ratio of 1.96 and a debt-to-equity ratio of 0.56. Costamare has a twelve month low of $9.14 and a twelve month high of $18.06.

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.

Institutional Investors Weigh In On Costamare

A number of hedge funds and other institutional investors have recently bought and sold shares of CMRE. Unison Advisors LLC grew its position in shares of Costamare by 1.7% during the 1st quarter. Unison Advisors LLC now owns 46,255 shares of the shipping company’s stock worth $782,000 after buying an additional 755 shares during the period. The Manufacturers Life Insurance Company increased its stake in shares of Costamare by 8.1% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 15,393 shares of the shipping company’s stock valued at $140,000 after acquiring an additional 1,148 shares in the last quarter. State of Wisconsin Investment Board lifted its position in shares of Costamare by 3.0% during the 4th quarter. State of Wisconsin Investment Board now owns 46,069 shares of the shipping company’s stock valued at $727,000 after acquiring an additional 1,331 shares during the period. Ieq Capital LLC lifted its position in shares of Costamare by 2.2% during the 4th quarter. Ieq Capital LLC now owns 72,722 shares of the shipping company’s stock valued at $1,148,000 after acquiring an additional 1,575 shares during the period. Finally, ST Germain D J Co. Inc. acquired a new position in shares of Costamare during the 4th quarter valued at $29,000. Institutional investors own 58.08% of the company’s stock.

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.