Cash Dividends Declared by Costamare Inc.

MONACO, Oct. 01, 2024 (GLOBE NEWSWIRE) —

Costamare Inc. (the “Company”) (NYSE: CMRE) has declared cash dividends of US $0.476563 per share on its 7.625% Series B Cumulative Redeemable Perpetual Preferred Stock (the “Series B Preferred Stock”) (NYSE: CMRE PR B), US $0.531250 per share on its 8.50% Series C Cumulative Redeemable Perpetual Preferred Stock (the “Series C Preferred Stock”) (NYSE: CMRE PR C) and US $0.546875 per share on its 8.75% Series D Cumulative Redeemable Perpetual Preferred Stock (the “Series D Preferred Stock”) (NYSE: CMRE PR D). The dividend for the Series B Preferred Stock, the Series C Preferred Stock and the Series D Preferred Stock is for the period from July 15, 2024 to October 14, 2024. The dividend will be paid on October 15, 2024 to all holders of record as of October 11, 2024 of Series B Preferred Stock, Series C Preferred Stock and Series D Preferred Stock.

Expanding on the Topic

Costamare Inc.’s declaration of cash dividends on its preferred stocks reflects the company’s commitment to providing returns to its investors. This news is likely to be well-received by shareholders who rely on dividend income as part of their investment strategy.

The dividends declared for the Series B, Series C, and Series D preferred stocks indicate the Company’s financial strength and stability. Investors often view consistent dividend payments as a positive signal of a company’s performance and future prospects.

Costamare Inc. is a leading provider of international container shipping services, and its dividend declaration further solidifies its position in the industry. The Company’s ability to generate profits and distribute them to shareholders through dividends is a key factor in attracting and retaining investors.

How This Will Affect Me

As an investor holding Costamare Inc.’s preferred stocks, the declaration of cash dividends means that I will receive a payout based on the number of shares I own. This additional income can contribute to my overall investment returns and financial goals.

Furthermore, the company’s continued commitment to paying dividends can instill confidence in me as an investor, as it demonstrates Costamare Inc.’s ability to generate steady profits and reward shareholders.

How This Will Affect the World

Costamare Inc.’s declaration of cash dividends may have broader implications for the shipping industry and the global economy. By demonstrating financial stability and profitability, the Company sets a positive example for other companies in the sector.

Additionally, the ability of Costamare Inc. to pay dividends to its shareholders reflects a healthy business environment that supports growth and investment. This news could contribute to overall market confidence and stability.

Conclusion

In conclusion, Costamare Inc.’s declaration of cash dividends on its preferred stocks is a positive development for investors and the shipping industry as a whole. The Company’s financial strength and commitment to providing returns to shareholders bode well for its future prospects and can have a positive impact on the global economy.