{"id":744823,"date":"2023-04-03T16:06:57","date_gmt":"2023-04-03T20:06:57","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/costamare-inc-declares-quarterly-dividend-on-its-preferred-and-common-stock-8\/"},"modified":"2023-04-03T16:06:57","modified_gmt":"2023-04-03T20:06:57","slug":"costamare-inc-declares-quarterly-dividend-on-its-preferred-and-common-stock-8","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/costamare-inc-declares-quarterly-dividend-on-its-preferred-and-common-stock-8\/","title":{"rendered":"Costamare Inc. Declares Quarterly Dividend on Its Preferred and Common Stock"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"justify\">MONACO, April  03, 2023  (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 January 15, 2023, to April 14, 2023. The dividend will be paid on April 17, 2023 to all holders of record as of April 14, 2023 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 $0.115 per share for the quarter ended March 31, 2023. The dividend for the common stock is payable on May 5, 2023, to holders of record of common stock as of April 19, 2023.<\/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&#8217;s leading owners and providers of containerships and dry bulk vessels for charter. The Company has 49 years of history in the international shipping industry and a fleet of 71 containerships, with a total capacity of approximately 524,000 TEU and 44 dry bulk vessels with a total capacity of approximately 2,404,000 DWT (including one vessel that we have agreed to sell). Four of our containerships have been acquired pursuant to the Framework Deed with York by vessel-owning joint venture companies in which we hold a minority equity interest. The Company also has a dry bulk operating platform which charters in\/out dry bulk vessels, enters into contracts of affreightment and utilizes forward freight agreements and other derivative instruments as hedging solutions and to take a position on the market. 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.<\/p>\n<p align=\"justify\">\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=\"justify\">Costamare Inc., Monaco <br \/> Tel: (+377) 93 25 09 40 <br \/> Email: ir@costamare.com<\/p>\n<p>      <img decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODgwMTEyMyM1NTA2ODEwIzIwOTA0MDY=\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" src=\"https:\/\/ml.globenewswire.com\/media\/MjA4NzcwOTAtNDkxNC00ZWE1LWE1ZTAtMDZkYmRmOGFlYWQ0LTExMDE5Nzc=\/tiny\/Costamare-Inc.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>MONACO, April 03, 2023 (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-8\/\" 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-744823","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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(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 \"Costamare Inc. 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