Costamare Inc. Declares Quarterly Dividend of $0.27 per Share
ATHENS, GREECE -- (Marketwire) -- 01/17/13 -- Costamare Inc. (the
"Company") (NYSE: CMRE) has declared a quarterly dividend of $0.27
per share for the quarter ended December 31, 2012.
The Company today declared a cash dividend on its common stock of
$0.27 per common share, payable on February 13, 2013 to stockholders
of record at the close of trading of the Company's common stock on
the New York Stock Exchange on January 30, 2013. The Company has
74,800,000 shares of common stock outstanding as of today.
The declaration of a dividend is subject to the discretion of the
Board of Directors of the Company, and accordingly will depend on,
among other things, the Company's earnings, financial condition and
cash requirements and availability, the Company's ability to obtain
debt and equity financing on acceptable terms as contemplated by the
Company's growth strategy, the restrictive covenants in the Company's
existing and future debt instruments and global economic conditions.
About Costamare Inc.
Costamare Inc. is one of the world's leading owners and providers of
containerships for charter. The Company has 38 years of history in
the international shipping industry and a fleet of 57 containerships,
with a total capacity of approximately 329,000 TEU, including 10
newbuilds on order. Costamare Inc.'s common shares trade on the New
York Stock Exchange under the symbol "CMRE."
This press release contains "forward-looking statements." In some
cases, you can identify these statements by forward-looking words
such as "believe", "intend", "anticipate", "estimate", "project",
"forecast", "plan", "potential", "may", "should", "could" and
"expect" and similar expressions. These statements are not historical
facts but instead represent only Costamare's belief regarding future
results, many of which, by their nature, are inherently uncertain and
outside of Costamare's control. It is possible that actual results
may differ, possibly materially, from those anticipated in these
forward-looking statements. For a discussion of some of the risks and
important factors that could affect future results, see the
discussion in Costamare Inc.'s Annual Report
on Form 20-F (File No.
001-34934) under the caption "Risk Factors."
Chief Financial Officer
Konstantinos Tsakalidis - Business Development
Costamare Inc., Athens, Greece
Tel: (+30) 210-949-0000
Investor Relations Advisor/ Media Contact:
Capital Link, Inc.
230 Park Avenue, Suite 1536
New York, N.Y. 10169
Tel.: (+1) 212-661-7566
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