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.

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