Costamare Inc. Declares Quarterly Common Stock Dividend of $0.27 per Share
ATHENS, GREECE -- (Marketwired) -- 10/08/13 -- Costamare Inc. (the
"Company") (NYSE: CMRE) has declared a quarterly dividend on its
common stock of $0.27 per share for the quarter ended September 30,
The Company today declared a cash dividend on its common stock of
$0.27 per common share, payable on November 6, 2013 to stockholders
of record at the close of trading of the Company's common stock on
the New York Stock Exchange on October 23, 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 61 containerships,
with a total capacity in excess of 350,000 TEU, including eight
newbuild containerships on order. Five of our containerships,
including two newbuilds, have been acquired pursuant to the Framework
Agreement with York Capital Management by vessel-owning joint venture
entities in which we hold a 49% equity interest. The Company's common
stock and Series B Preferred Stock trade on the New York Stock
Exchange under the symbols "CMRE" and "CMRE PR B", respectively.
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 inhere
ntly 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
Tel: (+30) 210-949-0050
Allison & Partners
Telephone: (+1) 646-428-0638
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