MONACO, July 01, 2021 (GLOBE NEWSWIRE) – Costamare Inc. (the âCompanyâ (NYSE: CMRE) has declared cash dividends of US $ 0.476563 per share on its 7.625% redeemable indefinite preferred shares open-ended Series B (the âPreferred Share Series Bâ) (NYSE: CMRE PR B), US $ 0.531250 per share on its cumulative perpetual redeemable preferred shares Series C at 8.50% (the âPreferred Shares Series C â) (NYSE: CMRE PR C), US $ 0.546875 per share on its 8.75% Cumulative Perpetual Redeemable Preferred Shares Series D (theâ Series D Preferred Shares â) (NYSE: CMRE PR D) and US $ 0.554688 per share on its 8.875% cumulative perpetual redeemable preferred shares Series E (the âPreferred Shares Series Eâ) (NYSE: CMRE PR E). The dividend for the preferred shares of Series B, Series C Preferred Shares, Series D Preferred Shares and Series C Preferred Shares e E is for the period from April 15, 2021 to July 14, 2021. The dividend will be paid on July 15. , 2021 to all holders of record on July 14, 2021, Series B Preferred Shares, Series C Preferred Shares, Series D Preferred Shares and Series E Preferred Shares.
The Company also declared a quarterly dividend on its common shares of US $ 0.115 per share for the quarter ended June 30, 2021. The dividend for the common shares is payable on August 5, 2021, to holders of common shares of record on July 20 , 2021.
The declaration of a dividend is subject to the discretion of the Board of Directors of the Company and will therefore depend, among other things, on the profits, the financial situation and the cash requirements and availability of the Company, the capacity of the Company to obtain debt and equity financing on acceptable terms as contemplated by the Company’s growth strategy, the covenants of the Company’s existing and future debt instruments and global economic conditions.
About Costamare Inc.
Costamare Inc. is one of the world’s leading owners and suppliers of container ships for hire. The Company has a 47-year history in the international shipping industry and a fleet of 81 container ships, with a total capacity of approximately 581,000 TEUs (including two second-hand vessels which we have agreed to acquire and two vessels that we have agreed to sell) and 28 dry bulk carriers with a total capacity of approximately 1,496,000 DWT (including 25 second-hand vessels that we have committed to acquire). Five of our container ships were acquired in accordance with the framework agreement with York Capital Management by vessel-owning joint ventures in which we have a minority stake. The Common Shares of the Company, Preferred Shares Series B, Preferred Shares Series C, Preferred Shares Series D and Preferred Shares Series E trade on the New York Stock Exchange under the symbols âCMREâ, â CMRE PR B â,â CMRE PR C â,â CMRE PR D âandâ CMRE PR E â, respectively.
This press release contains “forward-looking statements”. In some cases, you may identify these statements by forward-looking words such as “believe”, “intend”, “anticipate”, “estimate”, “plan”, “anticipate”, “plan”, “,” should “,” Might “and” expect “and similar expressions. These statements are not historical facts but represent only the Company’s belief regarding future results, many of which, by their nature, are inherently uncertain and beyond the control of the Company. It is possible that actual results will differ, perhaps materially, from those anticipated in these forward-looking statements. For a discussion of some of the significant risks and factors that could affect future results, see the discussion in the Company’s Annual Report on Form 20-F (File No. 001-34934) under the heading âRisk Factorsâ.
Company details :
Gregory Zikos – Chief Financial Officer
Konstantinos Tsakalidis – Business Development, Investor Relations
Costamare Inc., Monaco
Phone: (+377) 93 25 09 40
Email: [email protected]