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Stock impact report

Costamare Inc. Reports Results for the First Quarter Ended March 31, 2020

Costamare Inc. $0.0001 par value (CMRE) 
Last costamare inc. $0.0001 par value earnings: 4/29 06:53 am Check Earnings Report
US:NYSE Investor Relations: ir.costamare.com
Company Research Source: GlobeNewswire
MONACO, April 29, 2020 (GLOBE NEWSWIRE) -- Costamare Inc. (“Costamare” or the “Company”) (NYSE: CMRE) today reported unaudited financial results for the first quarter ended March 31, 2020 (“Q1 2020”). Net Income of $32.8 million or $0.21 per share in Q1 2020.Adjusted Net Income available to common stockholders(1) of $32.6 million or $0.27 per share in Q1 2020.Voyage Revenues of $121.4 million.Liquidity of $268.4 million as of end Q1 2020 (including our share of cash amounting to $31.0 million held in subsidiaries co-owned with York Capital Management Global Advisors LLC and an affiliated fund (collectively, together with the funds it manages or advises, “York”)).No material balloon payments in 2020(2).Chartered in total 12 vessels over the quarter.Declared dividend of $0.10 per share on its common stock and dividends on all four classes of its preferred stock.Initiated a Preferred Shares buyback program for an amount of up to $15.0 million.Arranged financing agreements for an aggre Show less Read more
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