CMRE - Costamare's Preferred Shares Dividend Under-Girded By Strong Economics
By Felipe Bijit
Costamare's (CMRE.PE) preferred shares offer something very interesting in today's markets: substantial and reliable yield. Under-girded by an industry with fundamentally improved economics due to IMO regulations, evident in massive charter rate growth last year, Costamare's preferred shares offer a yield above 9% from a business that will be sustained by long duration charters and a robust business backlog with limited counter-party risk. With lockdowns of important port areas now over, their ships are entirely fundamental to the workings of global trade. Owning a mid-sized fleet also protects them from