Please ensure Javascript is enabled for purposes of website accessibility

Costamare Matches Previous Dividends

By Eric Volkman - Apr 10, 2013 at 8:50PM

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

The shipping container company affirms its $0.27-per-share payout.

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.

Invest Smarter with The Motley Fool

Join Over 1 Million Premium Members Receiving…

  • New Stock Picks Each Month
  • Detailed Analysis of Companies
  • Model Portfolios
  • Live Streaming During Market Hours
  • And Much More
Get Started Now

Related Articles

Motley Fool Returns

Motley Fool Stock Advisor

Market-beating stocks from our award-winning service.

Stock Advisor Returns
S&P 500 Returns

Calculated by average return of all stock recommendations since inception of the Stock Advisor service in February of 2002. Returns as of 05/25/2022.

Discounted offers are only available to new members. Stock Advisor list price is $199 per year.

Premium Investing Services

Invest better with The Motley Fool. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services.