Costamare Stock To Go Ex-dividend Tomorrow (CMRE)

NEW YORK ( TheStreet) -- The ex-dividend date for Costamare (NYSE: CMRE) is tomorrow, April 26, 2012. Owners of shares as of market close today will be eligible for a dividend of 27 cents per share. At a price of $14.17 as of 9:30 a.m. ET, the dividend yield is 7.6%.

The average volume for Costamare has been 194,300 shares per day over the past 30 days. Costamare has a market cap of $852.6 million and is part of the services sector and transportation industry. Shares are down 0.6% year to date as of the close of trading on Tuesday.

Costamare, Inc. owns and charters containerships to liner companies. Its fleet consists of 56 containerships with a total capacity of approximately 324,000 TEU. The company was founded in 1975 and is based in Athens, Greece. The company has a P/E ratio of 9.8, equal to the average transportation industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Costamare as a sell. Among the areas we feel are negative, one of the most important has been poor debt management on most measures. You can view the full Costamare Ratings Report.

See our dividend calendar or top-yielding stocks list.
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