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Costamare Series B Cumulative Redeemable Perpetual Preferred Stock Crosses Above 8% Yield Territory

In trading on Friday, shares of Costamare Inc's 7.625% Series B Cumulative Redeemable Perpetual Preferred Stock (Symbol: CMRE.PRB) were yielding above the 8% mark based on its quarterly dividend (annualized to $1.9063), with shares changing hands as low as $23.77 on the day. This compares to an average yield of 8.22% in the "Transportation" preferred stock category, according to Preferred Stock Channel . As of last close, CMRE.PRB was trading at a 4.24% discount to its liquidation preference amount, versus the average premium of 0.42% in the "Transportation" category.

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 Friday trading, Costamare Inc's 7.625% Series B Cumulative Redeemable Perpetual Preferred Stock (Symbol: CMRE.PRB) is currently down about 0.4% on the day, while the common shares (Symbol: CMRE) are off about 0.4%.

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


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

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