Costamare Inc. Declares Quarterly Common Stock Dividend of $0.27 per Share
January 06 2014 - 3:05PM
Marketwired
Costamare Inc. Declares Quarterly Common Stock Dividend of $0.27
per Share
ATHENS, GREECE--(Marketwired - Jan 6, 2014) - Costamare Inc.
(the "Company") (NYSE: CMRE) has declared a quarterly dividend on
its common stock of $0.27 per share for the quarter ended December
31, 2013.
Dividend Declaration
The Company today declared a cash dividend on its common stock
of $0.27 per common share, payable on February 4, 2014 to
stockholders of record at the close of trading of the Company's
common stock on the New York Stock Exchange on January 21,
2014. The Company has 74,800,000 shares of common stock
outstanding as of today.
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 39
years of history in the international shipping industry and a fleet
of about 60 containerships, with a total capacity in excess of
350,000 TEU, including five newbuild containerships on
order. Five of our containerships, including two newbuilds,
have been acquired pursuant to the Framework Agreement with York
Capital Management by vessel-owning joint venture entities in which
we hold a 49% equity interest. The Company's common stock and
Series B Preferred Stock trade on the New York Stock Exchange under
the symbols "CMRE" and "CMRE PR B", 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
Costamare's belief regarding future results, many of which, by
their nature, are inherently uncertain and outside of Costamare'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 Costamare Inc.'s Annual Report on Form 20-F (File
No. 001-34934) under the caption "Risk Factors".
Contacts: Company: Gregory Zikos Chief Financial Officer
Konstantinos Tsakalidis Business Development Costamare Inc.,
Athens, Greece Tel: (+30) 210-949-0050 Email: Email Contact
Investor Relations: Gus Okwu Allison+Partners, New York Telephone:
(+1) 646-428-0638 Email: Email Contact
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