Costamare Inc. (CMRE) To Go Ex-Dividend on January 20th

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) annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend is Tuesday, January 20th.

Costamare has increased its dividend by an average of 0.0%per year over the last three years. Costamare has a payout ratio of 20.4% indicating that its dividend is sufficiently covered by earnings. Equities 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 Performance

Shares of Costamare stock opened at $15.63 on Friday. The business has a 50-day simple moving average of $14.80 and a 200-day simple moving average of $12.25. 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 has a one year low of $6.63 and a one year high of $16.40. The company has a market cap of $1.88 billion, a PE ratio of 6.25 and a beta of 1.24.

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

Costamare Company Profile

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.