Costamare's last quarterly dividend of $0.115 per share was on Apr 18, 2024 (ex-date). The annualized dividend payment of $0.46 per share represents a current dividend yield of 3.64%.
CMRE has a dividend yield of 3.64% which is above the Industrials sector and the industry average. Compared to its Industrials sector average of 1.42%, Costamare's dividend yield is 156% higher. Historically CMRE's dividend yield has averaged at 4.8% in the last 5 years, which is above the current yield.
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 51% from a year ago, the dividend yield marks a decrease of 34%.
| Ex-date | Payment date | Declared on | Amount | Type |
|---|---|---|---|---|
| Apr 18, 2024 | May 6, 2024 | Apr 2, 2024 | $0.115 | normal |
| 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 |
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 31%, Costamare's payout ratio is 50% lower.
| Name | Dividend yield | DPS | Payout ratio |
|---|---|---|---|
| GSL Global Ship Lease Inc | 6.34% | $1.5 | 17.9% |
| ESEA Euroseas Ltd | 5.64% | $2.1 | 12.7% |
| DAC Danaos Corporation | 3.82% | $3.1 | 10.7% |
| CMRE Costamare Inc | 3.54% | $0.46 | 15.6% |
Yes, Costamare has been paying dividends for the last 13 years.
Currently CMRE's next dividend date is unknown, however based on the recent dividend frequency we project that it will likely be in July 2024.
Costamare's last dividend ex-date was on Apr 18, 2024. The dividend amount was $0.115 per share.
On an annual basis CMRE pays $0.46 per share.
The current dividend yield of Costamare is 3.64%.
Costamare pays dividends quarterly.
Costamare's dividend payout ratio is 15.6%.
Costamare's dividend yield is above the Industrials sector average.