Dividend Flows Coverage: $0.10 dividends just around the corner for Costamare Inc. (NYSE:CMRE) shareholders.

Dividend Flows Coverage: $0.10 dividends just around the corner for Costamare Inc. (NYSE:CMRE) shareholders.

Costamare Inc. (NYSE:CMRE) is expected to pay $0.10 on Nov 4, 2016. The indicated annual dividend is $0.40. Shareholders owning the stock before Oct 19, 2016 will be eligible to receive the payout. Based on Costamare Inc.’s current price of $7.39, the dividend is 1.35%. This dividend’s record date is Oct 21, 2016 and the announcement date is Oct 4, 2016. The stock increased 1.93% or $0.14 during the last trading session, hitting $7.39. Costamare Inc (NYSE:CMRE) has declined 13.77% since March 15, 2016 and is downtrending. It has underperformed by 19.25% the S&P500.

Costamare Inc. is an international owner of containerships. The company has a market cap of $541.51 million. The Firm provides marine transportation services by chartering its container vessels to liner operators under long, medium and short-term time charters. It has a 4.48 P/E ratio. The Firm has a fleet of approximately 70 containerships with a total capacity of over 467,000 20-foot equivalent unit (TEU), including approximately 10 newbuilds on order.

Costamare Inc (NYSE:CMRE) Ratings Coverage

Out of 4 analysts covering Costamare (NYSE:CMRE), 1 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 25% are positive. $13 is the highest target while $7.50 is the lowest. The $10.13 average target is 37.08% above today’s ($7.39) stock price. Costamare has been the topic of 6 analyst reports since December 18, 2015 according to StockzIntelligence Inc. The stock of Costamare Inc (NYSE:CMRE) earned “Underweight” rating by JP Morgan on Friday, December 18. The stock of Costamare Inc (NYSE:CMRE) earned “Overweight” rating by JP Morgan on Wednesday, October 5. The stock of Costamare Inc (NYSE:CMRE) has “Equal Weight” rating given on Monday, January 11 by Barclays Capital. Credit Suisse maintained it with “Neutral” rating and $9 target price in Friday, January 29 report. The stock of Costamare Inc (NYSE:CMRE) has “Equal-Weight” rating given on Thursday, June 30 by Morgan Stanley.

More notable recent Costamare Inc (NYSE:CMRE) news were published by: Fool.com which released: “Dividend Concerns Sink Costamare Inc’s Stock” on June 30, 2016, also Marketwired.com with their article: “Costamare Inc. Announces Election of Class III Directors at 2016 Annual …” published on October 12, 2016, Finance.Yahoo.com published: “Costamare Inc. Announces New Financing Arrangements and Dividend Adjustment” on October 04, 2016. More interesting news about Costamare Inc (NYSE:CMRE) were released by: Seekingalpha.com and their article: “Costamare Inc.: Pure Arbitrage Trade That Continues To Exist” published on October 05, 2016 as well as Finance.Yahoo.com‘s news article titled: “Costamare Inc. Declares Quarterly Dividend on Its Preferred Stock” with publication date: October 04, 2016.

CMRE Company Profile

Costamare Inc. (Costamare), incorporated on April 21, 2008, is an international owner of containerships. The Firm provides marine transportation services by chartering its container vessels to liner operators under long, medium and short-term time charters.

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