Costamare Inc. (NYSE:CMRE) Declares $0.12 Quarterly Dividend

Posted by Mark Dietrich on Apr 4th, 2025

Costamare Inc. (NYSE:CMRE – Get Free Report) declared a quarterly dividend on Thursday, April 3rd, Wall Street Journal reports. Shareholders of record on Thursday, April 17th will be paid a dividend of 0.115 per share by the shipping company on Tuesday, May 6th. This represents a $0.46 dividend on an annualized basis and a dividend yield of 4.83%. The ex-dividend date is Thursday, April 17th.

Costamare has increased its dividend by an average of 2.3% annually over the last three years. Costamare has a payout ratio of 18.9% meaning its dividend is sufficiently covered by earnings. Analysts expect Costamare to earn $2.42 per share next year, which means the company should continue to be able to cover its $0.46 annual dividend with an expected future payout ratio of 19.0%.

Costamare Stock Down 7.9 %

CMRE stock opened at $9.52 on Friday. The company has a market capitalization of $1.14 billion, a P/E ratio of 3.90 and a beta of 1.11. The firm has a 50 day simple moving average of $10.54 and a 200-day simple moving average of $12.57. The company has a current ratio of 1.65, a quick ratio of 1.56 and a debt-to-equity ratio of 0.73. Costamare has a twelve month low of $9.15 and a twelve month high of $17.58.

Costamare (NYSE:CMRE – Get Free Report) last announced its quarterly earnings data on Wednesday, February 5th. The shipping company reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.66 by $0.03. Costamare had a net margin of 15.14% and a return on equity of 14.03%. On average, equities research analysts predict that Costamare will post 2.52 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on CMRE shares. Jefferies Financial Group reiterated a “hold” rating and issued a $13.00 price target on shares of Costamare in a report on Wednesday, February 5th. StockNews.com downgraded shares of Costamare from a “buy” rating to a “hold” rating in a report on Friday, March 14th.

Check Out Our Latest Analysis on Costamare