Costamare Inc. Declares Quarterly Dividend of $0.27 per Share
October 05 2012 - 9:00AM
Marketwired
Costamare Inc. (the "Company") (NYSE: CMRE) has declared a
quarterly dividend of $0.27 per share for the quarter ended
September 30, 2012.
Dividend Declaration
The Company today declared a cash dividend on its common stock
of $0.27 per common share, payable on November 6, 2012 to
stockholders of record at the close of trading of the Company's
common stock on the New York Stock Exchange on October 22, 2012.
The Company has 67,800,000 shares of common stock outstanding as of
today.
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 37 years
of history in the international shipping industry and a fleet of 58
containerships, with a total capacity of approximately 330,000 TEU,
including 10 newbuilds on order. Costamare Inc.'s common shares
trade on the New York Stock Exchange under the symbol "CMRE."
Forward-Looking Statements
This 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 Costamare's belief
regarding future results, many of which, by their nature, are
inherently uncertain and outside of Costamare'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 Costamare Inc.'s
Annual Report on Form 20-F (File No. 001-34934) under the caption
"Risk Factors."
Contacts: Company Contact: Gregory Zikos Chief
Financial Officer Konstantinos Tsakalidis Business Development /
Investor Relations Costamare Inc., Athens, Greece Tel: (+30)
210-949-0000 Email: ir@costamare.com Investor Relations Advisor/
Media Contact: Nicolas Bornozis President Capital Link, Inc.
230 Park Avenue, Suite 1536 New York, N.Y. 10169 Tel.: (+1)
212-661-7566 E-mail: costamare@capitallink.com
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