Costamare Inc. (NYSE:CMRE) Declares Dividend Increase – $0.12 Per Share

Costamare Inc. (NYSE:CMRE) declared a quarterly dividend on Wednesday, July 1st. Investors 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 3.6%. 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%annually over the last three years. Costamare has a payout ratio of 20.4% indicating that its dividend is sufficiently covered by earnings.

Costamare Trading Up 0.1%

Costamare stock traded up $0.01 during mid-day trading on Wednesday, hitting $14.03. The company’s stock had a trading volume of 374,645 shares, compared to its average volume of 475,850. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.92 and a current ratio of 1.96. The company has a 50 day moving average of $16.16 and a 200-day moving average of $16.40. Costamare has a one year low of $9.00 and a one year high of $18.06. The stock has a market cap of $1.69 billion, a PE ratio of 5.24 and a beta of 1.05.

Costamare (NYSE:CMRE) last issued 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 during the quarter, compared to analyst estimates of $191.50 million. Costamare had a net margin of 39.93% and a return on equity of 16.42%. The business’s revenue was up 5.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.63 earnings per share.

Costamare Company Profile

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.