Costamare Inc. - CMRE STOCK NEWS

Costamare Inc. (NYSE: CMRE) has declared cash dividends on its preferred and common stocks. Preferred stocks will receive dividends of US $0.476563 for Series B, US $0.531250 for Series C, US $0.546875 for Series D, and US $0.554688 for Series E, effective January 15, 2021. The common stock dividend is set at US $0.10 per share for the quarter ending December 31, 2020, payable on February 5, 2021. These dividends are subject to the Board's discretion, influenced by the company’s financial condition and growth strategies.

Costamare reported Q3 2020 results with a net income of $25.2 million ($0.14/share) and voyage revenues of $107.9 million. The company maintains a strong liquidity of $210.4 million and no significant debt maturities until 2024. Fleet renewal efforts included acquiring three newer containerships and selling two older vessels. Costamare also extended charters for multiple vessels, indicating ongoing demand. A dividend of $0.10/share was declared, reinforcing shareholder returns amid challenges.

Costamare Inc. (NYSE:CMRE) will release its Q3 2020 earnings on October 27, 2020, after market close. A conference call is scheduled for October 28, 2020, at 8:30 a.m. ET to discuss the financial results. Participants can join the call using the numbers provided. A replay will be available until November 4, 2020, along with a live webcast accessible through the company's website. Costamare is a leading owner and provider of containerships, operating 73 vessels with a total capacity of approximately 533,000 TEU.

Costamare Inc. (NYSE: CMRE) held its annual stockholders' meeting virtually on October 2, 2020, where Konstantinos Zacharatos was elected as a Class I director. His term will end at the 2023 stockholders' meeting. Additionally, stockholders ratified Ernst & Young (Hellas) as independent auditors for the fiscal year ending December 31, 2020. Costamare boasts a fleet of 73 containerships with a total capacity of approximately 533,000 TEU, including four under construction. The company has a robust history of 46 years in the international shipping industry.

Costamare Inc. (NYSE: CMRE) has declared cash dividends for preferred and common stock. The Series B, C, D, and E Preferred Stocks will pay dividends of $0.476563, $0.531250, $0.546875, and $0.554688 per share, respectively, for the period from July 15 to October 14, 2020, payable on October 15, 2020. Additionally, a $0.10 quarterly dividend on common stock for the quarter ended September 30, 2020, will be paid on November 5, 2020. Dividend declarations depend on the company's financial health and market conditions.

Costamare Inc. (CMRE) announced that its 2020 Annual Meeting of stockholders will be held virtually on October 2, 2020, at 15:00 CEST (09:00 EDT) due to COVID-19 concerns. Stockholders of record as of August 14, 2020, can participate and vote online. The company, a leader in containership ownership with a fleet of 73 vessels totaling approximately 533,000 TEU, encourages pre-meeting proxy submissions. This adjustment underscores ongoing health priorities while maintaining shareholder engagement in corporate governance.

Costamare Inc. (NYSE: CMRE) has announced its 2020 Annual Meeting of Stockholders to be held on October 2, 2020, in Monaco. Only stockholders of record at the close of business on August 14, 2020, will be eligible to vote. The Company intends to conduct the meeting in person but may switch to a virtual format depending on COVID-19 health and safety guidelines. Costamare Inc. is a leading provider of containerships, operating 73 vessels with a capacity of approximately 533,000 TEU, including four newbuilds under construction.

Costamare reported Q2 2020 financial results with voyage revenues of $111.9 million and a net loss of $83.9 million due to non-cash charges. Adjusted net income was $31.7 million, or $0.26 per share. The company has $220.7 million in liquidity and completed refinancing with no significant debt maturities until 2024. Costamare chartered 24 vessels in the quarter and declared a dividend of $0.10 per share. Notably, they delivered the YM Triumph, the first of five new vessels, commencing a ten-year charter with Yang Ming.