Eye Catching Stock: Costamare Inc. (NYSE:CMRE)

Costamare Inc. (NYSE:CMRE) changed 0.38% to recent value of $5.33. The stock transacted 203321 shares during most recent day however it has an average volume of 275.77K shares. It spotted trading -36.47% off 52-week high price. On the other end, the stock has been noted 27.06% away from the low price over the last 52-weeks.

Costamare Inc. (NYSE:CMRE) has declared cash dividends of US $0.476563 per share on its 7.625% Series B Cumulative Redeemable Perpetual Preferred Stock (the “Series B Preferred Stock”) (NYSE: CMRE PR B), US $0.531250 per share on its 8.50% Series C Cumulative Redeemable Perpetual Preferred Stock (the “Series C Preferred Stock”) (NYSE: CMRE PR C), US $0.546875 per share on its 8.75% Series D Cumulative Redeemable Perpetual Preferred Stock (the “Series D Preferred Stock”) (NYSE: CMRE PR D) and US $0.554688 per share on its 8.875% Series E Cumulative Redeemable Perpetual Preferred Stock (the “Series E Preferred Stock”) (NYSE: CMRE PR E). The dividend for the Series B Preferred Stock, the Series C Preferred Stock, the Series D Preferred Stock and the Series E Preferred Stock is for the period from April 15, 2019, to July 14, 2019. The dividend will be paid on July 15, 2019 to all holders of record as of July 12, 2019 of Series B Preferred Stock, Series C Preferred Stock, Series D Preferred Stock and Series E Preferred Stock.

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.

The Company has also declared a quarterly dividend on its common stock of US $0.10 per share for the quarter ended June 30, 2019. The dividend for the common stock is payable on August 7, 2019, to holders of record of common stock as of July 22, 2019.

CMRE has a gross margin of 68.90% and an operating margin of 26.20% while its profit margin remained 3.80% for the last 12 months. Its earnings per share (EPS) expected to touch remained -35.40% for this year .

The company has 111.58M of outstanding shares and 54.8M shares were floated in the market. According to the most recent quarter its current ratio was 0.6 that represents company’s ability to meet its current financial obligations. The price moved ahead of 3.77% from the mean of 20 days, -2.37% from mean of 50 days SMA and performed -0.54% from mean of 200 days price. Company’s performance for the week was 7.24%, 4.51% for month and YTD performance remained 21.41%.

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