COSTAMARE INC. DECLARES QUARTERLY DIVIDEND ON ITS PREFERRED AND COMMON STOCK
April 01 2020 - 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 January 15,
2020, to April 14, 2020. The dividend will be paid on April 15,
2020 to all holders of record as of April 14, 2020 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 March 31, 2020. The dividend for the common stock is payable
on May 7, 2020, to holders of record of common stock as of April
21, 2020.
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
over 46 years of history in the international shipping industry and
a fleet of 75 containerships, with a total capacity of
approximately 547,000 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 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 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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