CMRE.PRD

Costamare's Series D Preferred Stock Shares Cross 9% Yield Mark

In trading on Wednesday, shares of Costamare Inc's 8.75% Series D Cumulative Redeemable Perpetual Preferred Stock (Symbol: CMRE.PRD) were yielding above the 9% mark based on its quarterly dividend (annualized to $2.1875), with shares changing hands as low as $23.85 on the day. This compares to an average yield of 8.46% in the "Transportation" preferred stock category, according to Preferred Stock Channel. As of last close, CMRE.PRD was trading at a 2.56% premium to its liquidation preference amount, versus the average discount of 2.70% in the "Transportation" category.

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:

CMRE.PRD+Dividend+History+Chart


Free Report: Top 8%+ Dividends (paid monthly)

In Wednesday trading, Costamare Inc's 8.75% Series D Cumulative Redeemable Perpetual Preferred Stock (Symbol: CMRE.PRD) is currently off about 2.4% on the day, while the common shares (Symbol: CMRE) are off about 0.3%.

Click here to find out the 50 highest yielding preferreds »

Also see:
• Communications Services Dividend Stocks
• ITA Split History
• Funds Holding DWM

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

More Related Articles

Info icon

This data feed is not available at this time.

Data is currently not available

Sign up for the TradeTalks newsletter to receive your weekly dose of trading news, trends and education. Delivered Wednesdays.