Costamare's Series D Preferred Stock Yield Pushes Past 8.5%

By Preferred Stock Channel Staff, Monday, January 24, 2:19 PM ET

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In trading on Monday, shares of Costamare Inc's 8.75% Series D Cumulative Redeemable Perpetual Preferred Stock (NYSE:CMRE.PRD) were yielding above the 8.5% mark based on its quarterly dividend (annualized to $2.1875), with shares changing hands as low as $25.20 on the day. This compares to an average yield of 8.00% in the "Transportation" preferred stock category, according to Preferred Stock Channel. As of last close, CMRE.PRD was trading at a 5.40% premium to its liquidation preference amount, versus the average premium of 3.26% in the "Transportation" category.

The chart below shows the one year performance of CMRE.PRD shares, versus CMRE:

Performance Comparison Chart

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:

Free Report: Top 7%+ Dividends (paid monthly)

In Monday trading, Costamare Inc's 8.75% Series D Cumulative Redeemable Perpetual Preferred Stock (NYSE:CMRE.PRD) is currently down about 1.1% on the day, while the common shares (NYSE:CMRE) are off about 4.7%.

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Costamare's Series D Preferred Stock Yield Pushes Past 8.5%

Costamare's Series D Preferred Stock Yield Pushes Past 8.5% | www.PreferredStockChannel.com