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

Costamare Inc. (NYSE:CMRE) announced a quarterly dividend on Wednesday, July 1st. Stockholders of record on Tuesday, July 21st will be paid a dividend of 0.125 per share by the shipping company on Thursday, August 6th. This represents a c) annualized dividend and a dividend yield of 3.6%. 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 raised 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

Costamare stock traded up $0.01 during midday trading on Wednesday, reaching $14.03. 374,645 shares of the stock traded hands, compared to its average volume of 475,850. The stock has a market cap of $1.69 billion, a P/E ratio of 5.24 and a beta of 1.05. The stock’s fifty day moving average is $16.16 and its 200-day moving average is $16.40. 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 12 month low of $9.00 and a 12 month high of $18.06.

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

Institutional Trading of Costamare

Institutional investors have recently bought and sold shares of the stock. ST Germain D J Co. Inc. bought a new position in Costamare during the fourth quarter valued at $29,000. Pinnacle Holdings LLC purchased a new position in shares of Costamare during the 4th quarter worth about $30,000. Caitong International Asset Management Co. Ltd grew its holdings in Costamare by 652.7% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,627 shares of the shipping company’s stock valued at $41,000 after purchasing an additional 2,278 shares during the last quarter. Focus Partners Wealth bought a new position in Costamare during the 3rd quarter valued at about $66,000. Finally, Tower Research Capital LLC TRC raised its position in Costamare by 204.9% in the 2nd quarter. Tower Research Capital LLC TRC now owns 6,897 shares of the shipping company’s stock worth $63,000 after purchasing an additional 4,635 shares during the period. 58.08% of the stock is currently owned by institutional investors.

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.