Costamare stock gained 1.25 percent after dividend declaration

Published on 10/04/2026 at 21:08 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Costamare stock carries a USD 0.125 quarterly dividend announced October 1, 2026. Q2 revenue reached USD 209.19 million and EPS was USD 0.62.

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Costamare stock (ISIN MHY1771G1026) closed at USD 15.42 on the NYSE on October 2, 2026, gaining 1.25 percent from the previous close. The move followed a new common dividend of USD 0.125 per share for the quarter ended September 30, 2026, payable November 5, 2026, according to GlobeNewswire on October 1, 2026.

Dividend sets the immediate focus

The common payout is scheduled for holders of record on October 20, 2026. The same release also listed preferred dividends of USD 0.476563 per Series B share, USD 0.531250 per Series C share and USD 0.546875 per Series D share, with payment set for October 15, 2026.

The common dividend is unchanged in the October announcement from the USD 0.125 rate stated for the quarter. For shareholders, the key distinction is timing: the record date arrives before the November payment date, while the preferred distributions use October 14 as their record date.

Q2 revenue reached USD 209.19 million

Costamare reported USD 209.19 million of revenue and USD 82.65 million of net income for Q2 2026, with diluted EPS of USD 0.62, according to Investing.com. Revenue was USD 211.06 million in Q1 2026, while net income was USD 80.40 million, giving the latest quarter a lower revenue base but higher net income.

The figures frame the dividend against continuing operating cash generation rather than a single market-day move. Costamare owns and charters containerships and dry bulk vessels, while its lease financing business adds a second source of activity to the shipping platform.

Consensus target remains above the close

Investing.com lists a Strong Buy consensus from 2 analysts and an average 12-month price target of USD 20.00. The target is 29.7 percent above the USD 15.42 closing price, a numerical gap that places the income profile beside a valuation expectation.

Stock stays below the yearly high

Costamare stock closed at USD 15.42 on October 2, 2026, with volume of 268,921 shares and a market capitalization of USD 1.9 billion. The 52-week range was USD 10.84 to USD 18.06, leaving the closing price USD 2.64 below the high and USD 4.58 above the low.