Costamare Inc. declares quarterly dividend
Published by Oliver Kleinschmidt,
Editorial Assistant
Dry Bulk,
Costamare Inc. has declared cash dividends of US$0.476563 per share on its 7.625% Series B Cumulative Redeemable Perpetual Preferred Stock, US$0.531250 per share on its 8.50% Series C Cumulative Redeemable Perpetual Preferred Stock, US$0.546875 per share on its 8.75% Series D Cumulative Redeemable Perpetual Preferred Stock and US$0.554688 per share on its 8.875% Series E Cumulative Redeemable Perpetual Preferred Stock.
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 15 January 2024, to 14 April 2024. The dividend will be paid on 15 April 2024 to all holders of record as of 12 April 2024 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$0.115 per share for the quarter ended 31 March 2024. The dividend for the common stock is payable on 6 May 2024, to holders of record of common stock as of 19 April 2024.
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.
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Read the article online at: https://www.drybulkmagazine.com/shipping/05042024/costamare-inc-declares-quarterly-dividend/
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