Welcome to our dedicated page for Costamare news (Ticker: CMRE), a resource for investors and traders seeking the latest updates and insights on Costamare stock.
Costamare Inc. (NYSE: CMRE) ranks among the world's largest independent containership owners, chartering vessels to major liner companies that transport cargo across global trade routes. Headquartered in Athens, Greece, Costamare's news flow reflects the dynamics of international maritime commerce and the containership leasing market.
News coverage for Costamare typically includes quarterly financial results that reveal charter rate trends and fleet utilization metrics. As a vessel owner rather than a liner operator, the company's performance closely tracks containership market conditions, making earnings announcements valuable indicators of broader shipping sector health. Dividend declarations on both common and preferred shares signal capital return policies and financial position.
Corporate developments often address fleet management activities, including vessel acquisitions, charter agreements, and strategic initiatives affecting company structure. Stockholder meeting announcements and governance updates reflect the company's Marshall Islands and Greek corporate framework. Material events filed through SEC Form 6-K documents provide regulatory transparency expected of foreign private issuers listed on U.S. exchanges.
For investors monitoring containership market cycles, trade volume trends, and maritime sector fundamentals, Costamare news offers insights into charter rate movements and fleet economics that affect vessel owner profitability across the industry.
Costamare Inc. (NYSE: CMRE) has filed its Annual Report on Form 20-F for the fiscal year ended December 31, 2022, with the U.S. Securities and Exchange Commission. The report is accessible on the Company’s website in the Investors section. Stockholders may request a hard copy with the complete audited financial statements at no charge. Costamare, a leader in the shipping industry, operates a fleet of 71 containerships and 44 dry bulk vessels, with a total capacity of approximately 524,000 TEU and 2,404,000 DWT, respectively. The release includes forward-looking statements, cautioning that actual results may vary significantly.
Costamare Inc. (NYSE: CMRE) has announced a strategic investment of up to $200 million in Neptune Maritime Leasing Limited, solidifying its position as the leading investor in the maritime leasing platform. Established in 2021 and led by CEO Harris Antoniou, Neptune Leasing provides flexible financing solutions to shipowners. Costamare will also bring experienced shipping banker Vassilis Mantzavinos onto Neptune's board. This partnership is expected to enhance Costamare’s existing ship owning operations and leverage strong relationships within the shipping finance sector.
Costamare Inc. (CMRE) reported strong financial performance for 2022, with net income reaching $523.9 million ($4.26 per share), up from $404.1 million in 2021. The company also achieved an adjusted net income of $405.3 million ($3.30 per share), compared to $289.9 million in the previous year. Fourth quarter results showed a net income of $186.7 million ($1.53 per share), but adjusted net income dipped to $74.8 million ($0.61 per share) from $112.1 million in Q4 2021. Costamare's liquidity increased significantly to $973.2 million, and the company announced a new dry bulk venture, Costamare Bulkers Inc. Additionally, new debt financing of approximately $558 million was secured to improve financial flexibility.
Costamare Inc. (NYSE:CMRE) plans to release its fourth quarter 2022 financial results on February 8, 2023, before market opening. A conference call to discuss these results will follow at 8:30 a.m. ET, with details available for participants to join via phone or a live webcast on the company’s website. Costamare operates a fleet of 73 containerships and 45 dry bulk vessels, boasting significant capacity in the shipping industry. This announcement is part of their ongoing commitment to transparency and investor relations as they prepare for the financial details of the previous quarter.
Costamare Inc. (NYSE: CMRE) declared cash dividends for its preferred stocks totaling between US $0.476563 and US $0.554688 per share for the period from October 15, 2022, to January 14, 2023, with payment scheduled for January 17, 2023. Additionally, a quarterly dividend of US $0.115 per share on common stock will be paid on February 7, 2023, to shareholders on record as of January 20, 2023. The Board of Directors retains discretion over future dividends based on earnings, financial health, and market conditions.
Costamare Inc. has announced its entry into the dry bulk sector, establishing a new operating platform supported by a team of experienced professionals. The company plans to invest up to $200 million in this venture, which will involve chartering dry bulk vessels and using hedging solutions. Operations are set to commence in the fourth quarter of 2022 with minimal financial leverage. This decision aligns with Costamare's counter-cyclical investment approach, aimed at enhancing the risk-reward profile for capital deployment amidst elevated asset values in the containership sector.
Costamare reported strong Q3 2022 financial results with a net income of $107.6 million ($0.89/share), slightly up from $107.4 million ($0.87/share) in Q3 2021. Adjusted net income rose to $107.4 million ($0.88/share) from $81.5 million ($0.66/share). The company's liquidity increased to $897.3 million, up from $557.8 million the previous year. Additionally, Costamare secured 11 new charter agreements generating approximately $420 million in revenues, enhancing their fleet’s charter coverage. A dividend of $0.115 per share was also declared for common stockholders.
Costamare Inc. (NYSE: CMRE) will announce its third quarter financial results for the period ending September 30, 2022, on November 2, 2022, before market opening. The company's management will discuss these results during a conference call at 9:00 a.m. ET on the same day. Interested parties can join by dialing specific numbers based on their location, and a replay will be available until November 9, 2022. Costamare operates a fleet of 76 containerships and 45 dry bulk vessels, showcasing its significant presence in the international shipping industry.
Costamare Inc. (NYSE: CMRE) held its annual meeting in Monaco on October 6, 2022, where two Class III directors, Konstantinos Konstantakopoulos and Charlotte Stratos, were elected, each serving until 2025. Additionally, stockholders ratified Ernst & Young (Hellas) as the independent auditors for the fiscal year ending December 31, 2022. Costamare boasts a fleet of 76 containerships and 45 dry bulk vessels, totaling significant capacities. The company has a 48-year history in international shipping, highlighting its established position in the market.
Costamare Inc. (NYSE: CMRE) declared cash dividends for its preferred and common stock. The dividends are as follows: $0.476563 for Series B, $0.531250 for Series C, $0.546875 for Series D, and $0.554688 for Series E preferred stocks, covering the period from July 15 to October 14, 2022, payable on October 17, 2022. Additionally, a common stock dividend of $0.115 per share is set for November 7, 2022. The declaration of dividends is subject to the Board's discretion, considering the company's earnings and financial condition.
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