Costamare (CMRE) will pay a special dividend of 50 cents per share in 2022. The regular quarterly dividend is 11.5 cents per share. CMRE last raised its quarterly dividend by 15 percent to $0.115 per share in 2021. This was 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.
Costamare has decided to declare a special dividend on its common stock of US $0.50 per share. The special dividend will be in addition to the regular first quarter 2022 dividend and will be also payable on May 5, 2022 to holders of record of common stock as of April 19, 2022. The ex-dividend date is April 18, 2022. Costamare has also declared a quarterly dividend on its common stock of US $0.115 per share for the quarter ended March 31, 2022. The dividend for the common stock is payable on May 5, 2022, to holders of record of common stock as of April 19, 2022. The regular annual dividend rate of 46 cents per CMRE share yields 2.7% at a stock price of $17.13.
Costamare Inc. owns and charters containerships to liner companies worldwide. The company has a fleet of containership with fleet of vessels including 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.