Costamare Inc. Declares Quarterly Dividend on Its Preferred and Common Stock
October 02 2019 - 8:00AM
Costamare Inc. (the “Company”) (NYSE: CMRE) has declared cash
dividends of US $0.476563 per share on its 7.625% Series B
Cumulative Redeemable Perpetual Preferred Stock (the “Series B
Preferred Stock”) (NYSE: CMRE PR B), US $0.531250 per share on its
8.50% Series C Cumulative Redeemable Perpetual Preferred Stock (the
“Series C Preferred Stock”) (NYSE: CMRE PR C), US $0.546875 per
share on its 8.75% Series D Cumulative Redeemable Perpetual
Preferred Stock (the “Series D Preferred Stock”) (NYSE: CMRE PR D)
and US $0.554688 per share on its 8.875% Series E Cumulative
Redeemable Perpetual Preferred Stock (the “Series E Preferred
Stock”) (NYSE: CMRE PR E). The dividend for the Series B Preferred
Stock, the Series C Preferred Stock, the Series D Preferred Stock
and the Series E Preferred Stock is for the period from July 15,
2019, to October 14, 2019. The dividend will be paid on October 15,
2019 to all holders of record as of October 11, 2019 of Series B
Preferred Stock, Series C Preferred Stock, Series D Preferred Stock
and Series E Preferred Stock.
The Company has also declared a quarterly
dividend on its common stock of US $0.10 per share for the quarter
ended September 30, 2019. The dividend for the common stock is
payable on November 7, 2019, to holders of record of common stock
as of October 22, 2019.
The declaration of a dividend is subject to the
discretion of the Board of Directors of the Company, and
accordingly will depend on, among other things, the Company’s
earnings, financial condition and cash requirements and
availability, the Company’s ability to obtain debt and equity
financing on acceptable terms as contemplated by the Company’s
growth strategy, the restrictive covenants in 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 providers of
containerships for charter. The Company has 45 years of history in
the international shipping industry and a fleet of 75
containerships, with a total capacity of approximately 538,000 TEU,
including five newbuild containerships currently under
construction. Ten of our containerships, have been acquired
pursuant to the Framework Deed with York Capital Management by
vessel-owning joint venture entities in which we hold a minority
equity interest. The Company's common stock, Series B Preferred
Stock, Series C Preferred Stock, Series D Preferred Stock and
Series E Preferred Stock trade on the New York Stock Exchange under
the symbols “CMRE”, “CMRE PR B”, “CMRE PR C”, “CMRE PR D” and “CMRE
PR E”, respectively.
Forward-Looking StatementsThis
press release contains “forward-looking statements”. In some cases,
you can identify these statements by forward-looking words such as
“believe”, “intend”, “anticipate”, “estimate”, “project”,
“forecast”, “plan”, “potential”, “may”, “should”, “could” and
“expect” and similar expressions. These statements are not
historical facts but instead represent only the Company’s belief
regarding future results, many of which, by their nature, are
inherently uncertain and outside of the Company’s control. It is
possible that actual results may differ, possibly materially, from
those anticipated in these forward-looking statements. For a
discussion of some of the risks and important 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 caption “Risk
Factors”.
Company Contacts:Gregory Zikos - Chief
Financial OfficerKonstantinos Tsakalidis - Business Development,
Investor Relations
Costamare Inc., MonacoTel: (+377) 93 25 09 40Email:
ir@costamare.com
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