Costamare (CMRE) will raise its quarterly dividend by 15 percent to $0.115 per share in 2021. This is the first increase in years by the containership company and follows a dividend cut of 65.5 percent from $0.29 to $0.10 per share in 2016. This means the current dividend is much lower than the dividend paid through 2015 prior to the dividend cut.

The next dividend for the common stock is payable on August 5, 2021, to holders of record of common stock as of July 20, 2021. A new annual dividend rate of 46 cents per share yields 4.6% at a stock price of $11.79.

Costamare Inc. owns and charters containerships to liner companies worldwide. The company has 47 years of history in the international shipping industry and a fleet of 81 containerships, with a total capacity of approximately 581,000 TEU. The Company's fleet of vessels includes Cosco Guangzhou, Titan, Cosco Yantian, Valor, Valiant and Maersk Kobe. Its subsidiaries include Adele Shipping Co., Bastian Shipping Co., Cadence Shipping Co., Jodie Shipping Co. and Kayley Shipping Co.