Costamare Matches Previous Dividends

Costamare (NYSE: CMRE  ) has decided not to veer from its existing dividend course. The company declared a quarterly payout of $0.27 per share of its stock, to be paid on May 8 to shareholders of record as of April 24. That amount matches its previous six disbursements. It is also an improvement of $0.02 on Costamare's inaugural dividend payments, which the company began to hand out in Jan. 2011.

The firm had 74.8 million shares of stock outstanding as of the day the dividend was announced. This amounts to a total payout of just under $20.2 million.

The dividend annualizes to $1.08 per share. That yields 6.8% at Costamare's current stock price of $15.88.

Read/Post Comments (0) | Recommend This Article (1)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

DocumentId: 2357386, ~/Articles/ArticleHandler.aspx, 4/20/2014 2:42:56 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

TREND TRACKER: Get Rich When the Web Goes Dark

It's time to say "goodbye" to your Internet! One bleeding-edge technology is about to put the World Wide Web to bed. And if you act right away, it could make you wildly rich. Experts are calling it the single largest business opportunity in the history of capitalism… The Economist is calling it "transformative"... but you'll probably just call it "how I made my millions." Big money is already on the move. Don't be too late to the party – find out the 1 stock to own when the Web goes dark.