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CMRE Costamare dividend history, payout ratio & dates

Costamare's last quarterly dividend of $0.115 per share was on Jan 19, 2024 (ex-date). The annualized dividend payment of $0.46 per share represents a current dividend yield of 4%.

Key dates

  • CMRE last dividend date: Jan 19, 2024
  • CMRE next dividend date: Not announced
CMRE dividend stats
DPS
$0.46
Dividend yield
4%
Payout ratio
15.6%
vs. Industrials sector
Dividend yield
1.42%
Payout ratio
29.6%

Dividend yield

What is Costamare current dividend yield

CMRE has a dividend yield of 4% which is above the Industrials sector and the industry average. Compared to its Industrials sector average of 1.42%, Costamare's dividend yield is 182% higher. Historically CMRE's dividend yield has averaged at 4.8% in the last 5 years, which is above the current yield.

Dividend history

What is CMRE dividend payout history and dates

Costamare has a history of paying dividends since 2011. Our records of CMRE show that the company has issued four quarterly dividends in the last twelve months. The annualized DPS has not changed since one year ago. But with the stock price up by 7% from a year ago, the dividend yield marks a decrease of 7%.

Recent dividends

Ex-date Payment date Declared on Amount Type
Jan 19, 2024 Feb 7, 2024 Jan 2, 2024 $0.115 normal
Oct 19, 2023 Nov 6, 2023 Oct 2, 2023 $0.115 normal
Jul 19, 2023 Aug 7, 2023 Jul 3, 2023 $0.115 normal
Apr 18, 2023 May 5, 2023 Apr 3, 2023 $0.115 normal
Jan 19, 2023 Feb 7, 2023 Jan 3, 2023 $0.115 normal
Oct 19, 2022 Nov 7, 2022 Oct 3, 2022 $0.115 normal
Jul 20, 2022 Aug 8, 2022 Jul 1, 2022 $0.115 normal
Apr 18, 2022 May 5, 2022 Apr 1, 2022 $0.115 normal
Apr 18, 2022 May 5, 2022 Apr 1, 2022 $0.5 special
Jan 19, 2022 Feb 7, 2022 $0.115 normal
Oct 19, 2021 Nov 5, 2021 Oct 1, 2021 $0.115 normal
Jul 19, 2021 Aug 5, 2021 Jul 1, 2021 $0.115 normal
Apr 19, 2021 May 6, 2021 Apr 1, 2021 $0.1 normal
Jan 19, 2021 Feb 5, 2021 Jan 4, 2021 $0.1 normal
Oct 19, 2020 Nov 5, 2020 Oct 2, 2020 $0.1 normal
Jul 21, 2020 Aug 7, 2020 Jul 1, 2020 $0.1 normal
Apr 20, 2020 May 7, 2020 Apr 1, 2020 $0.1 normal
Jan 17, 2020 Feb 5, 2020 Jan 3, 2020 $0.1 normal
Oct 21, 2019 Nov 7, 2019 Oct 2, 2019 $0.1 normal
Jul 19, 2019 Aug 7, 2019 Jul 1, 2019 $0.1 normal
Apr 18, 2019 May 8, 2019 Apr 1, 2019 $0.1 normal
Jan 18, 2019 Feb 7, 2019 $0.1 normal

Costamare dividend payout ratio

What is Costamare dividend payout ratio compared to the sector

Payout ratio

CMRE has a payout ratio of 15.6% which is lower than the Industrials sector and the industry average. In comparison with the Industrials sector average of 29.6%, Costamare's payout ratio is 47% lower.

Total amount of dividends paid per financial year (from cash flow)

CMRE dividend vs peer dividends

How does CMRE dividend compare to its peers' dividends
Name Dividend yield DPS Payout ratio
GSL Global Ship Lease Inc 7.28% $1.5 17.7%
ESEA Euroseas Ltd 5.05% $2 12.1%
DAC Danaos Corporation 4.28% $3.1 10.7%
CMRE Costamare Inc 4% $0.46 15.6%

Frequently asked questions

Does Costamare pay a dividend?

Yes, Costamare has been paying dividends for the last 13 years.

When is Costamare's next dividend?

Currently CMRE's next dividend date is unknown, however based on the recent dividend frequency we project that it will likely be in April 2024.

When was CMRE's last dividend?

Costamare's last dividend ex-date was on Jan 19, 2024. The dividend amount was $0.115 per share.

How much dividend does Costamare pay (per share)?

On an annual basis CMRE pays $0.46 per share.

What is Costamare's dividend yield?

The current dividend yield of Costamare is 4%.

How often does Costamare pay dividends?

Costamare pays dividends quarterly.

What is Costamare's dividend payout ratio?

Costamare's dividend payout ratio is 15.6%.

Does Costamare pay a good dividend?

Costamare's dividend yield is above the Industrials sector average.