Costamare Inc. Declares Quarterly Dividend of $0.27 per Share
January 17 2013 - 4:05PM
Marketwired
Costamare Inc. (the "Company") (NYSE: CMRE) has declared a
quarterly dividend of $0.27 per share for the quarter ended
December 31, 2012.
Dividend Declaration
The Company today declared a cash dividend on its common stock
of $0.27 per common share, payable on February 13, 2013 to
stockholders of record at the close of trading of the Company's
common stock on the New York Stock Exchange on January 30, 2013.
The Company has 74,800,000 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 38 years
of history in the international shipping industry and a fleet of 57
containerships, with a total capacity of approximately 329,000 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."
Company Contact: Gregory Zikos Chief Financial Officer
Konstantinos Tsakalidis - Business Development 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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