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. (CMRE) maintains this comprehensive news hub for stakeholders tracking developments in global containership operations and dry bulk shipping markets. Access verified press releases and objective reporting on charter agreements, fleet expansions, and strategic partnerships that shape maritime logistics.
This resource consolidates CMRE's financial announcements, operational updates, and sustainability initiatives, providing investors and industry observers with timely insights into market positioning. Key updates include earnings reports, vessel acquisitions, environmental compliance measures, and dry bulk trading platform developments.
Regularly updated content covers critical aspects of Costamare's operations: long-term charter contracts with major carriers, fleet modernization efforts, and Neptune Maritime Leasing activities. Users can monitor index-linked charter rate impacts and strategic responses to global trade dynamics.
Bookmark this page for direct access to CMRE's official communications and third-party analyses of its market performance. Check back frequently to stay informed about this NYSE-listed shipping company's role in maintaining global supply chain efficiency.
Costamare Inc. (NYSE: CMRE) will announce its Q2 2022 financial results on July 28, 2022, before market opens. A conference call hosted by the management team is scheduled for the same day at 10:00 a.m. ET to discuss the results. Participants can join via specific dial-in numbers and a live webcast will also be available on the company’s website. Costamare, a key player in the international shipping industry, operates a fleet of 76 containerships and 46 dry bulk vessels.
Costamare Inc. (CMRE) has declared cash dividends across its preferred stock and common stock. The preferred stock 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, all payable on July 15, 2022. Additionally, a common stock dividend of $0.115 is scheduled for payment on August 8, 2022, for the quarter ending June 30, 2022. The Board of Directors' discretion on future dividends will depend on financial health, cash flow, and market conditions.
Costamare Inc. (NYSE: CMRE) has successfully closed a 5-year syndicated loan facility of up to $500 million. This refinancing will cover debt obligations for 17 containerships averaging 14 years in age, ensuring no overlap with the maturity of existing debt for 16 of these vessels. The facility was oversubscribed and is anticipated to be fully drawn down by the end of Q2 2022. CFO Gregory Zikos noted that the new loan will significantly lower funding costs, with expected net cash inflow of around $200 million post-repayment of current obligations.
Costamare Inc. (NYSE: CMRE) reported a remarkable financial performance for Q1 2022, with net income reaching $115.4 million ($0.93 per share), a significant increase from $60.5 million ($0.49 per share) in Q1 2021. Adjusted net income also rose to $104.5 million ($0.84 per share) versus $38 million ($0.31 per share) year-over-year. Liquidity improved to $644 million, and the company fully employed its containership fleet throughout 2022, securing over 90% capacity for 2023. New financing agreements total $160.5 million, with a special dividend of $0.50 per share declared on April 1, 2022.
Costamare Inc. (CMRE) will release its financial results for Q1 2022 before market opens on May 5, 2022. A conference call is scheduled for the same day at 8:30 a.m. ET, where management will discuss the results. Participants can join by calling 1-844-887-9405 (US) or +1-412-317-9258 (international). A replay will be accessible until May 12, 2022. Costamare operates a fleet of 76 containerships and 46 dry bulk vessels, totaling approximately 557,000 TEU and 2,493,500 DWT capacity, respectively.
Costamare Inc. (NYSE: CMRE) has declared cash dividends for its preferred stocks: $0.476563 (Series B), $0.531250 (Series C), $0.546875 (Series D), and $0.554688 (Series E), payable on April 18, 2022. The common stock will receive a quarterly dividend of $0.115, alongside a special dividend of $0.50, both payable on May 5, 2022. The decision for future dividends will depend on the Company’s earnings and financial condition, amidst global economic circumstances.
Costamare Inc. (NYSE: CMRE) has filed its Annual Report on Form 20-F for the fiscal year ended December 31, 2021, with the U.S. Securities and Exchange Commission. The report, which includes the Company's audited financial statements, can be accessed on Costamare's website. Stockholders may request a free hard copy by contacting the investor relations manager. The Company operates one of the leading fleets of containerships and dry bulk vessels in the industry, boasting 82 containerships and 46 dry bulk vessels, with ongoing developments in its fleet.
Costamare reported a record year with a net income of $404.1 million ($3.28 per share) for 2021 and $153.4 million ($1.24 per share) for Q4 2021. The company declared a $0.50 special dividend and maintained liquidity of $552 million. Significant vessel sales are anticipated to yield $150 million and $183 million, contributing to a total estimated capital gain of $235.8 million. New charter agreements have secured $1.4 billion in contracted revenues, with a total of $3.4 billion and a weighted average remaining charter duration of 4.2 years.
Costamare Inc. (NYSE:CMRE) will announce its fourth quarter results for the period ending December 31, 2021, after market close on March 9, 2022. A conference call to discuss these results is scheduled for March 10, 2022, at 8:30 a.m. ET. Participants can join via phone or by registering for the live webcast on the company's website. Costamare, a major player in the shipping industry, operates a fleet of 79 containerships and 44 dry bulk vessels, with significant capacities in TEU and DWT. The company emphasizes its long-standing history and growth in maritime services.
Costamare Inc. (NYSE: CMRE) has announced cash dividends for its preferred and common stocks. The dividends include US $0.476563 per share for Series B, US $0.531250 for Series C, US $0.546875 for Series D, and US $0.554688 for Series E preferred stocks, for the period from October 15, 2021, to January 14, 2022, payable on January 18, 2022. Additionally, a common stock dividend of US $0.115 per share for the quarter ending December 31, 2021, will be payable on February 7, 2022. The declaration of dividends is contingent upon the company's financial condition and market conditions.
