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:
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:
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.
