Costamare Declares Quarterly Dividends on Preferred, Common Stock
Ticker: CMRE-PC · Form: 6-K · Filed: Jan 2, 2024 · CIK: 1503584
| Field | Detail |
|---|---|
| Company | Costamare Inc. (CMRE-PC) |
| Form Type | 6-K |
| Filed Date | Jan 2, 2024 |
| Risk Level | low |
| Pages | 1 |
| Reading Time | 1 min |
| Sentiment | bullish |
Complexity: simple
Sentiment: bullish
Topics: dividends, preferred-stock, shareholder-returns
TL;DR
**Costamare just declared its quarterly dividends, signaling financial health and consistent shareholder returns.**
AI Summary
Costamare Inc. (NYSE: CMRE) declared quarterly cash dividends on January 2, 2024, for its preferred and common stock. Shareholders will receive $0.476563 per share for Series B Preferred Stock, $0.531250 per share for Series C Preferred Stock, and $0.546875 per share for Series D Preferred Stock. This matters to investors because consistent dividend declarations signal financial stability and a commitment to returning value to shareholders, which can make the stock more attractive, especially for income-focused investors.
Why It Matters
This filing confirms Costamare's commitment to returning capital to shareholders through regular dividends, which can be a key factor for investors seeking income and stability.
Risk Assessment
Risk Level: low — The declaration of regular dividends is generally a positive sign of financial stability and low risk for investors.
Analyst Insight
A smart investor would view this as a positive signal of financial health and consider Costamare's preferred stocks for income generation, especially given the consistent dividend declarations.
Key Numbers
- $0.476563 — Series B Preferred Stock Dividend (Quarterly cash dividend per share for 7.625% Series B Cumulative Redeemable Perpetual Preferred Stock.)
- $0.531250 — Series C Preferred Stock Dividend (Quarterly cash dividend per share for 8.50% Series C Cumulative Redeemable Perpetual Preferred Stock.)
- $0.546875 — Series D Preferred Stock Dividend (Quarterly cash dividend per share for 8.75% Series D Cumulative Redeemable Perpetual Preferred Stock.)
Key Players & Entities
- Costamare Inc. (company) — the company declaring dividends
- Gregory G. Zikos (person) — Chief Financial Officer who signed the report
- $0.476563 (dollar_amount) — dividend per share for Series B Preferred Stock
- $0.531250 (dollar_amount) — dividend per share for Series C Preferred Stock
- $0.546875 (dollar_amount) — dividend per share for Series D Preferred Stock
- January 2, 2024 (date) — date of dividend declaration and filing
Forward-Looking Statements
- Costamare Inc. will continue to declare consistent quarterly dividends in the near future. (Costamare Inc.) — high confidence, target: Q2 2024
- The stock price of CMRE PR B, CMRE PR C, and CMRE PR D will remain relatively stable due to consistent dividend payouts. (CMRE PR B, CMRE PR C, CMRE PR D) — medium confidence, target: Q2 2024
FAQ
What is the purpose of this 6-K filing by Costamare Inc.?
The purpose of this 6-K filing is to report that Costamare Inc. has declared quarterly cash dividends on its preferred and common stock, as detailed in the attached press release dated January 2, 2024.
Which specific preferred stock series are receiving dividends, and what are their respective per-share amounts?
The specific preferred stock series receiving dividends are the 7.625% Series B Cumulative Redeemable Perpetual Preferred Stock ($0.476563 per share), the 8.50% Series C Cumulative Redeemable Perpetual Preferred Stock ($0.531250 per share), and the 8.75% Series D Cumulative Redeemable Perpetual Preferred Stock ($0.546875 per share).
Who signed this 6-K report on behalf of Costamare Inc. and what is their title?
The 6-K report was signed by Gregory G. Zikos, who holds the title of Chief Financial Officer for Costamare Inc.
What is Costamare Inc.'s Commission File Number with the SEC?
Costamare Inc.'s Commission File Number with the SEC is 001-34934.
When was this 6-K report filed and what is the date of the press release it references?
This 6-K report was filed on January 2, 2024, and it references a Press Release also dated January 2, 2024, regarding the dividend declaration.
Filing Stats: 159 words · 1 min read · ~1 pages · Grade level 9.8 · Accepted 2024-01-02 06:14:44
Filing Documents
- f6k_010224.htm (6-K) — 4KB
- exh_991.htm (EX-99.1) — 5KB
- 0001171843-24-000006.txt ( ) — 10KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. Date: January 2, 2024 Costamare Inc. By: /s/ Gregory G. Zikos Name: Gregory G. Zikos Title: Chief Financial Officer