- Costamare opportunistically diversified into the dry bulk sector, it raised bond proceeds at a record low coupon below 3%, liquidity is ample with the undrawn hunting license bank facilities.
- Costamare has paid 42 consecutive quarterly common dividends since IPO. The dividend was recently hiked by 15%.
- The sponsor family has reinvested $101m to date through the Dividend Reinvestment Plan.
- Debt is low and annual operating cash flow is comfortably poised to surpass the $500 million mark versus today's market cap of just $1.5 billion.
For further details see:
Costamare: Firing On All Cylinders