Monaco-based Costamare Inc. has declared a quarterly dividend on its common stock of $0.10 per share for the quarter ended September 30, 2019. The dividend for the common stock is payable on November 7, 2019, to holders of record of common stock as of October 22, 2019.
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, Costamare said on October 2.
Costamare Inc. is one of the world’s leading owners and providers of containerships for charter. The company has 45 years of history in the international shipping industry and a fleet of 75 containerships, with a total capacity of approximately 538,000 TEU, including five newbuild containerships currently under construction. Ten of its containerships, have been acquired pursuant to the Framework Deed with York Capital Management by vessel-owning joint venture entities in which it holds a minority equity interest.
ORIGINAL SOURCE: Press Release
