Do Costamare’s Latest Dividends Reveal a Durable Income Strategy or Constrained Flexibility for CMRE?

• Costamare Inc. has declared past cash dividends of US$0.476563, US$0.531250 and US$0.546875 per share on its Series B, C and D preferred stocks, respectively, for the period from 15 October 2025 to 14 January 2026, plus a US$0.115 quarterly dividend on its common stock payable on 5 February 2026.
• These ongoing preferred and common dividends underline Costamare’s role as an income-focused shipping owner, reinforcing its appeal to investors seeking regular cash distributions.
• We’ll now examine how this fresh confirmation of regular dividends shapes Costamare’s investment narrative around income reliability and capital discipline.

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Costamare Investment Narrative Recap

To own Costamare, you need to believe in its income-oriented model built on contracted charter revenues, disciplined leverage and a balanced mix of container and dry bulk exposure. The latest preferred and common dividend declarations support the short term income story but do not materially change the key near term catalyst, which is how well existing long term charters convert into cash, or the main risk around future revenue declines as contracts roll off.

The new quarterly common dividend of US$0.115 per share for the December 2025 quarter is particularly relevant, as it extends a multi year pattern of regular payouts. This consistency matters for investors who are watching whether Costamare’s contracted US$2.5 billion revenue base can keep underpinning dividends while the company manages high debt and potentially lower revenue expectations over the coming years.

Yet behind these regular dividends, investors should also be aware that...

Read the full narrative on Costamare (it's free!)

Costamare's narrative projects $448.3 million revenue and $285.2 million earnings by 2028.

Uncover how Costamare's forecasts yield a $12.50 fair value, a 23% downside to its current price.

Exploring Other Perspectives

Two fair value estimates from the Simply Wall St Community cluster between about US$10.09 and US$12.50 per share, highlighting very different views on upside. You should weigh these against the risk that Costamare’s revenues are expected to decline sharply over the next few years, which could influence how sustainable its current income profile really is.

Explore 2 other fair value estimates on Costamare - why the stock might be worth as much as $12.50!

Build Your Own Costamare Narrative

Disagree with existing narratives? Create your own in under 3 minutes - extraordinary investment returns rarely come from following the herd.

• A great starting point for your Costamare research is our analysis highlighting 1 key reward and 3 important warning signs that could impact your investment decision.
• Our free Costamare research report provides a comprehensive fundamental analysis summarized in a single visual - the Snowflake - making it easy to evaluate Costamare's overall financial health at a glance.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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