Costamare Inc. (NYSE:CMRE) Declares Quarterly Dividend of $0.12

Costamare Inc. (NYSE:CMRE) declared a quarterly dividend on Friday, January 2nd. Stockholders of record on Tuesday, January 20th will be paid a dividend of 0.115 per share by the shipping company on Thursday, February 5th. This represents a c) dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend is Tuesday, January 20th.

Costamare has raised its dividend payment by an average of 0.0%annually over the last three years. Costamare has a dividend payout ratio of 20.4% meaning its dividend is sufficiently covered by earnings. Research 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 Stock Down 1.0%

NYSE CMRE traded down $0.16 on Friday, reaching $15.63. 896,181 shares of the stock traded hands, compared to its average volume of 506,009. Costamare has a 12 month low of $6.63 and a 12 month high of $16.40. The company has a market cap of $1.88 billion, a price-to-earnings ratio of 6.25 and a beta of 1.24. The company has a fifty day moving average price of $14.72 and a 200-day moving average price of $12.18. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.65 and a current ratio of 1.68.

Costamare (NYSE:CMRE) last issued its quarterly earnings data on Tuesday, November 4th. The shipping company reported $0.81 EPS for the quarter, topping analysts’ consensus estimates of $0.70 by $0.11. The company had revenue of $225.17 million during the quarter, compared to the consensus estimate of $197.92 million. Costamare had a net margin of 22.23% and a return on equity of 15.15%. As a group, research analysts forecast that Costamare will post 2.52 EPS for the current fiscal year.

Institutional Trading of Costamare

Hedge funds and other institutional investors have recently bought and sold shares of the stock. American Century Companies Inc. grew its holdings in Costamare by 10.5% in the second quarter. American Century Companies Inc. now owns 1,322,039 shares of the shipping company’s stock valued at $12,044,000 after purchasing an additional 125,533 shares during the period. JPMorgan Chase & Co. grew its stake in Costamare by 81.5% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,030,194 shares of the shipping company’s stock valued at $9,385,000 after acquiring an additional 462,582 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in Costamare by 21.3% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 47,914 shares of the shipping company’s stock valued at $436,000 after acquiring an additional 8,409 shares during the period. New York State Common Retirement Fund increased its holdings in Costamare by 52.5% in the 2nd quarter. New York State Common Retirement Fund now owns 330,472 shares of the shipping company’s stock worth $3,011,000 after acquiring an additional 113,757 shares in the last quarter. Finally, Unison Advisors LLC raised its position in Costamare by 1.3% during the second quarter. Unison Advisors LLC now owns 85,876 shares of the shipping company’s stock worth $782,000 after acquiring an additional 1,099 shares during the period. 58.08% of the stock is owned by institutional investors and hedge funds.

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.