📄 What This Document Is

This is a 6-K form, which is a report foreign companies (like Costamare, based in Monaco) file with the SEC to announce important events to investors. Think of it as a formal press release submitted to regulators. This specific filing announces the company's quarterly dividend payments.

🚢 What The Company Does

👉 In simple terms, Costamare is a major global landlord for cargo ships. It owns and leases out a large fleet of containerships—the giant vessels that carry everything from electronics to furniture across oceans. With over 50 years in the business, it's a well-established player in the shipping industry.

💰 The Dividend Announcement (The Main Event)

This filing is all about the company returning cash to its shareholders. It declares four separate dividends:

• Preferred Stock Dividends: These are payments to shareholders who own special classes of stock that get priority for dividends.
  • Series B: $0.476563 per share.
  • Series C: $0.531250 per share.
  • Series D: $0.546875 per share.
  • 👉 Why it matters: Preferred stock dividends are typically fixed, like an interest payment. These amounts are paid quarterly and are a key reason investors own these shares.
• Common Stock Dividend: $0.115 per share.
  • 👉 Why it matters: This is the regular dividend for typical shareholders. Its continuation signals the company's confidence in generating steady cash flow.

📅 Key Dates:

• Preferred Dividends: For the period Jan 15 – Apr 14, 2026. Paid on April 15, 2026 to holders recorded by April 14, 2026.
• Common Stock Dividend: For Q1 2026. Paid on May 5, 2026 to holders recorded by April 20, 2026.

⚠️ The Small Print: Dividends Aren't Guaranteed

The company adds a crucial disclaimer: declaring dividends is always at the Board's discretion. It depends on earnings, financial health, cash needs, access to financing, debt rules, and global economic conditions.

• 👉 Why it matters: This is a standard but important warning. Future dividends could change or be cut if the company's situation worsens.

🏢 Company Snapshot

Costamare highlights its scale and history:

• Fleet: 79 containerships (including 10 under construction).
• Total Capacity: Approximately 551,000 TEU (a TEU is a standard 20-foot shipping container unit).
• History: 52 years in international shipping.
• Business: Ship chartering and a leasing business.
• Stock Listings: Trades on the NYSE as CMRE (common), and CMRE PR B, CMRE PR C, CMRE PR D (preferred series).

📈 What This Signals to Investors

👍 Strengths: The consistent payment of dividends, especially on preferred stock, shows a commitment to returning capital and suggests stable cash flow from its ship-leasing operations. It portrays the company as a reliable income generator. ⚠️ Risks: The shipping industry is cyclical and heavily depends on global trade. A slowdown could impact charter rates and profitability. The disclaimer about future dividends highlights this underlying uncertainty.

🧠 The Analogy

Think of Costamare as a specialized real estate company, but for ocean routes. Instead of owning buildings and collecting rent, it owns ships and collects charter fees. This dividend announcement is like the company announcing its quarterly "rent" payment to its shareholders (the property "owners").

📇 Key Contacts & People

Gregory Zikos - Chief Financial Officer
Konstantinos Tsakalidis - Business Development, Investor Relations
Costamare Inc., Monaco
Tel: (+377) 93 25 09 40
Email: [email protected]

🧩 Final Takeaway

Costamare is a major ship-leasing business that is currently generating enough cash to pay regular dividends to its preferred and common shareholders. While this is a positive sign of operational stability, investors must remember that future payments are not guaranteed and depend on the volatile global shipping market.