Markets

Costamare Series D Cumulative Redeemable Perpetual Preferred Stock Shares Cross 10.5% Yield Mark

In trading on Monday, shares of Costamare Inc's 8.75% Series D Cumulative Redeemable Perpetual Preferred Stock (Symbol: CMRE.PRD) were yielding above the 10.5% mark based on its quarterly dividend (annualized to $2.1875), with shares changing hands as low as $20.30 on the day. This compares to an average yield of 10.00% in the "Transportation" preferred stock category, according to Preferred Stock Channel . As of last close, CMRE.PRD was trading at a 16.40% discount to its liquidation preference amount, versus the average discount of 15.13% in the "Transportation" category.

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

Performance Comparison Chart

Below is a dividend history chart for CMRE.PRD, showing historical dividend payments on Costamare Inc's 8.75% Series D Cumulative Redeemable Perpetual Preferred Stock:

CMRE.PRD+Dividend+History+Chart

In Monday trading, Costamare Inc's 8.75% Series D Cumulative Redeemable Perpetual Preferred Stock (Symbol: CMRE.PRD) is currently up about 3.6% on the day, while the common shares (Symbol: CMRE) are down about 1.6%.

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.

In This Story

CMRE.PRD CMRE

Other Topics

Investing

Latest Markets Videos

    BNK Invest

    BNK Invest Inc. provides investment services and information. BNK Invest owns and operates a market news family of websites including DividendChannel, ETFChannel, StockOptionsChannel, and others, which make up an investor community featuring stock message boards, ratings, research, and strategies. BNK Invest caters to investing firms and individual investors internationally.

    Learn More