Costamare’s 2025 Earnings Jump and Dividend Strength Might Change The Case For Investing In Costamare (CMRE)

• In the past week, Costamare Inc. reported fourth-quarter 2025 revenue of US$211.97 million and net income of US$80.46 million, with full-year 2025 net income rising to US$364.58 million on revenue of US$877.9 million.
• Alongside these results, the company’s relatively high dividend yield, low payout ratio and long record of distributions highlighted income as a core part of the Costamare story.
• We’ll now examine how Costamare’s higher full-year earnings and reaffirmed dividend strength shape the company’s existing investment narrative.

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Costamare Investment Narrative Recap

To hold Costamare, you need to believe in its contracted charter income, disciplined balance sheet and commitment to shareholder distributions. The latest results show higher full year earnings and solid net income in Q4 2025, which broadly support that income focused thesis. However, with earnings expected to soften in coming years and the business exposed to shipping cycles, this update does not materially change the key near term catalyst of dividend sustainability or the main risk of earnings pressure in weaker charter markets.

The most relevant recent announcement alongside these results is Costamare’s reaffirmed common dividend of US$0.115 per share, which underpins its appeal to income focused investors. With a high dividend yield, a relatively low payout ratio of 26.3 percent and at least a decade of distributions, the company is signaling that returning cash to shareholders remains a central priority, even as revenue was slightly down year on year and analysts expect earnings to ease over the medium term.

But even with solid dividend coverage, investors should 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 27% downside to its current price.

Exploring Other Perspectives

Two fair value estimates from the Simply Wall St Community cluster between about US$10.0 and US$12.5 per share, showing how far personal views can diverge from current pricing. You can set these against the income catalyst of Costamare’s long term contracted revenue base, which could shape how resilient its performance feels if charter conditions become less supportive.

Explore 2 other fair value estimates on Costamare - why the stock might be worth 42% less than the current price!

Reach Your Own Conclusion

Don't just follow the ticker - dig into the data and build a conviction that's truly your own.

• A great starting point for your Costamare research is our analysis highlighting 3 key rewards 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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