Costamare's Series B Preferred Stock Yield Pushes Past 7.5%

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In trading on Thursday, shares of Costamare Inc.'s 7.625% Series B Cumulative Redeemable Perpetual Preferred Stock (Symbol: CMRE.PRB) were yielding above the 7.5% mark based on its quarterly dividend (annualized to $1.9063), with shares changing hands as low as $25.37 on the day. This compares to an average yield of 6.73% in the "Transportation" preferred stock category, according to Preferred Stock Channel . As of last close, CMRE.PRB was trading at a 1.96% premium to its liquidation preference amount, versus the average premium of 4.06% in the "Transportation" category.

The chart below shows the one year performance of CMRE.PRB shares, versus CMRE:

Performance Comparison Chart


Below is a dividend history chart for CMRE.PRB, showing historical dividend payments on Costamare Inc.'s 7.625% Series B Cumulative Redeemable Perpetual Preferred Stock:

CMRE.PRB+Dividend+History+Chart

In Thursday trading, Costamare Inc.'s 7.625% Series B Cumulative Redeemable Perpetual Preferred Stock (Symbol: CMRE.PRB) is currently off about 0.5% on the day, while the common shares (Symbol: CMRE) are off about 1%.



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.




This article appears in: Investing , Investing Ideas

Referenced Stocks: CMRE.PRB , CMRE

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