{"id":407374,"date":"2021-01-04T08:03:30","date_gmt":"2021-01-04T13:03:30","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=407374"},"modified":"2021-01-04T08:03:30","modified_gmt":"2021-01-04T13:03:30","slug":"costamare-inc-declares-quarterly-dividend-on-its-preferred-and-common-stock-4","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/costamare-inc-declares-quarterly-dividend-on-its-preferred-and-common-stock-4\/","title":{"rendered":"Costamare Inc. Declares Quarterly Dividend on its Preferred and Common Stock"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"justify\">MONACO, Jan.  04, 2021  (GLOBE NEWSWIRE) &#8212; Costamare Inc. (the \u201cCompany\u201d) (NYSE: CMRE) has declared cash dividends of US $0.476563 per share on its 7.625% Series B Cumulative Redeemable Perpetual Preferred Stock (the \u201cSeries B Preferred Stock\u201d) (NYSE: CMRE PR B), US $0.531250 per share on its 8.50% Series C Cumulative Redeemable Perpetual Preferred Stock (the \u201cSeries C Preferred Stock\u201d) (NYSE: CMRE PR C), US $0.546875 per share on its 8.75% Series D Cumulative Redeemable Perpetual Preferred Stock (the \u201cSeries D Preferred Stock\u201d) (NYSE: CMRE PR D) and US $0.554688 per share on its 8.875% Series E Cumulative Redeemable Perpetual Preferred Stock (the \u201cSeries E Preferred Stock\u201d) (NYSE: CMRE PR E). The dividend for the Series B Preferred Stock, the Series C Preferred Stock, the Series D Preferred Stock and the Series E Preferred Stock is for the period from October 15, 2020, to January 14, 2021. The dividend will be paid on January 15, 2021 to all holders of record as of January 14, 2021 of Series B Preferred Stock, Series C Preferred Stock, Series D Preferred Stock and Series E Preferred Stock.<\/p>\n<p align=\"justify\">The Company has also declared a quarterly dividend on its common stock of US $0.10 per share for the quarter ended December 31, 2020. The dividend for the common stock is payable on February 5, 2021, to holders of record of common stock as of January 20, 2021.<\/p>\n<p align=\"justify\">The declaration of a dividend is subject to the discretion of the Board of Directors of the Company, and accordingly will depend on, among other things, the Company\u2019s earnings, financial condition and cash requirements and availability, the Company\u2019s ability to obtain debt and equity financing on acceptable terms as contemplated by the Company\u2019s growth strategy, the restrictive covenants in the Company\u2019s existing and future debt instruments and global economic conditions.<\/p>\n<p align=\"justify\">\n        <strong>About Costamare Inc.<\/strong>\n      <\/p>\n<p align=\"justify\">Costamare Inc. is one of the world\u2019s leading owners and providers of containerships for charter. The Company has 47 years of history in the international shipping industry and a fleet of 72 containerships, with a total capacity of approximately 529,000 TEU, including two newbuild containerships currently under construction. Ten of our containerships have been acquired pursuant to the Framework Deed with York by vessel-owning joint venture entities in which we hold a minority equity interest. The Company\u2019s common stock, Series B Preferred Stock, Series C Preferred Stock, Series D Preferred Stock and Series E Preferred Stock trade on the New York Stock Exchange under the symbols \u201cCMRE\u201d, \u201cCMRE PR B\u201d, \u201cCMRE PR C\u201d, \u201cCMRE PR D\u201d and \u201cCMRE PR E\u201d, respectively.<\/p>\n<p align=\"justify\">\n        <strong>Forward-Looking Statements<\/strong>\n      <\/p>\n<p align=\"justify\">This press release contains \u201cforward-looking statements\u201d. In some cases, you can identify these statements by forward-looking words such as \u201cbelieve\u201d, \u201cintend\u201d, \u201canticipate\u201d, \u201cestimate\u201d, \u201cproject\u201d, \u201cforecast\u201d, \u201cplan\u201d, \u201cpotential\u201d, \u201cmay\u201d, \u201cshould\u201d, \u201ccould\u201d and \u201cexpect\u201d and similar expressions. These statements are not historical facts but instead represent only the Company\u2019s belief regarding future results, many of which, by their nature, are inherently uncertain and outside of the Company\u2019s control. It is possible that actual results may differ, possibly materially, from those anticipated in these forward-looking statements. For a discussion of some of the risks and important factors that could affect future results, see the discussion in the Company\u2019s Annual Report on Form 20-F (File No. 001-34934) under the caption \u201cRisk Factors\u201d and the Company\u2019s Results for the First Quarter ended March 31, 2020 on Form 6-K (filed on May 11, 2020 with the SEC) under the caption \u201cRisk Factor Update\u201d.<\/p>\n<p align=\"start\">\n        <strong>Company Contacts:<\/strong><br \/>\n        <br \/> Gregory Zikos &#8211; Chief Financial Officer <br \/> Konstantinos Tsakalidis &#8211; Business Development, Investor Relations<\/p>\n<p align=\"start\">Costamare Inc., Monaco <br \/> Tel: (+377) 93 25 09 40 <br \/> Email: ir@costamare.com<\/p>\n<p>      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODExOTk3NSMzOTAzMDAxIzIwOTA0MDY=\" width=\"1\" height=\"1\" \/><br \/>\n      <br \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/ml.globenewswire.com\/release\/track\/ef354764-69cd-4dd1-805a-5bbf5dccbb01\" width=\"1\" height=\"1\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>MONACO, Jan. 04, 2021 (GLOBE NEWSWIRE) &#8212; Costamare Inc. (the \u201cCompany\u201d) (NYSE: CMRE) has declared cash dividends of US $0.476563 per share on its 7.625% Series B Cumulative Redeemable Perpetual Preferred Stock (the \u201cSeries B Preferred Stock\u201d) (NYSE: CMRE PR B), US $0.531250 per share on its 8.50% Series C Cumulative Redeemable Perpetual Preferred Stock (the \u201cSeries C Preferred Stock\u201d) (NYSE: CMRE PR C), US $0.546875 per share on its 8.75% Series D Cumulative Redeemable Perpetual Preferred Stock (the \u201cSeries D Preferred Stock\u201d) (NYSE: CMRE PR D) and US $0.554688 per share on its 8.875% Series E Cumulative Redeemable Perpetual Preferred Stock (the \u201cSeries E Preferred Stock\u201d) (NYSE: CMRE PR E). The dividend for the Series B Preferred Stock, the &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/costamare-inc-declares-quarterly-dividend-on-its-preferred-and-common-stock-4\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Costamare Inc. Declares Quarterly Dividend on its Preferred and Common Stock&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-407374","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Costamare Inc. 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(the \u201cCompany\u201d) (NYSE: CMRE) has declared cash dividends of US $0.476563 per share on its 7.625% Series B Cumulative Redeemable Perpetual Preferred Stock (the \u201cSeries B Preferred Stock\u201d) (NYSE: CMRE PR B), US $0.531250 per share on its 8.50% Series C Cumulative Redeemable Perpetual Preferred Stock (the \u201cSeries C Preferred Stock\u201d) (NYSE: CMRE PR C), US $0.546875 per share on its 8.75% Series D Cumulative Redeemable Perpetual Preferred Stock (the \u201cSeries D Preferred Stock\u201d) (NYSE: CMRE PR D) and US $0.554688 per share on its 8.875% Series E Cumulative Redeemable Perpetual Preferred Stock (the \u201cSeries E Preferred Stock\u201d) (NYSE: CMRE PR E). The dividend for the Series B Preferred Stock, the &hellip; Continue reading &quot;Costamare Inc. 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