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) is an international owner and operator of containerships that charters its vessels to liner companies for the transportation of containerized cargoes. This news page brings together the company’s press releases and market announcements, giving readers a focused view of developments affecting this deep sea freight transportation business.
Recent Costamare news has highlighted quarterly and nine‑month financial results, updates on profitability and liquidity, and details on voyage revenue and non‑GAAP performance measures such as Adjusted Net Income and voyage revenue adjusted on a cash basis. The company also reports on its chartering activity, including the percentage of its containership fleet fixed for future years, contracted revenues for the fleet, and newbuilding contracts for 3,100 TEU containerships with long‑term charters to liner companies upon delivery.
Investors following CMRE news will also find regular announcements of quarterly dividends on both common stock and multiple series of cumulative redeemable perpetual preferred stock, as well as governance updates such as annual meeting notices, director elections and amendments to the Shareholders Rights Agreement. Costamare’s disclosures further cover its spin‑off of the dry bulk business into Costamare Bulkers Holdings Limited, its controlling interest in Neptune Maritime Leasing Limited, and capital structure developments including the designation of Series F Preferred Stock.
For those tracking the shipping and transportation and warehousing sector, this page offers a consolidated feed of Costamare’s earnings releases, chartering and fleet employment updates, financing transactions, and regulatory responses. Readers can use it as a central reference for company‑issued information about CMRE’s operations, capital decisions and corporate governance.
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Costamare Inc. (NYSE: CMRE) announced cash dividends for its preferred stocks totaling up to US $0.554688 per share for Series B, C, D, and E, payable on April 17, 2023. The dividend for the common stock is set at US $0.115 per share, to be paid on May 5, 2023. The dividend declaration depends on the Company's financial condition, earnings, and economic conditions. With a fleet of 71 containerships and 44 dry bulk vessels, Costamare is a prominent player in the shipping industry, focusing on growth and maintaining financial health.
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.