Costamare Inc. (CMRE) Announces Quarterly Dividend of $0.28
Costamare (NASDAQ:CMRE) declared a quarterly dividend on Tuesday, July 8th, Analyst Ratings Network.com reports. Investors of record on Wednesday, July 23rd will be given a dividend of 0.28 per share on Wednesday, August 6th. This represents a $1.12 dividend on an annualized basis and a yield of 4.75%.
A number of research firms have recently commented on CMRE. Analysts at Zacks upgraded shares of Costamare from an “underperform” rating to a “neutral” rating in a research note on Monday, June 16th. They now have a $22.80 price target on the stock. On the ratings front, analysts at TheStreet upgraded shares of Costamare from a “hold” rating to a “buy” rating in a research note on Friday, May 30th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Costamare presently has a consensus rating of “Hold” and an average price target of $21.20.
Shares of Costamare (NASDAQ:CMRE) traded down 3.01% on Tuesday, hitting $22.87. The stock had a trading volume of 96,099 shares. Costamare has a 52-week low of $15.90 and a 52-week high of $24.07. The stock has a 50-day moving average of $22.57 and a 200-day moving average of $20.73. The company has a market cap of $1.711 billion and a P/E ratio of 18.76.
Costamare (NASDAQ:CMRE) last announced its earnings results on Tuesday, April 29th. The company reported $0.35 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.34 by $0.01. The company had revenue of $117.50 million for the quarter, compared to the consensus estimate of $120.25 million. During the same quarter last year, the company posted $0.29 earnings per share. Costamare’s revenue was up 23.9% compared to the same quarter last year. On average, analysts predict that Costamare will post $1.53 earnings per share for the current fiscal year.
Costamare Inc (NASDAQ:CMRE) is an owner and provider of containerships for charter.
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