Costamare's Series D Preferred Stock Yield Pushes Past 10%

In trading on Monday, shares of Costamare Inc.'s 8.75% Series D Cumulative Redeemable Perpetual Preferred Stock (CMRE.PRD) were yielding above the 10% mark based on its quarterly dividend (annualized to $2.1875), with shares changing hands as low as $21.79 on the day. This compares to an average yield of 9.11% in the "Transportation" preferred stock category, according to Preferred Stock Channel. As of last close, CMRE.PRD was trading at a 11.40% discount to its liquidation preference amount, versus the average discount of 9.19% in the "Transportation" category.

START SLIDESHOW:
Click here to find out the 50 highest yielding preferreds »

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:

CMRE.PRD+Dividend+History+Chart

In Monday trading, Costamare Inc.'s 8.75% Series D Cumulative Redeemable Perpetual Preferred Stock ( CMRE.PRD) is currently off about 1.6% on the day, while the common shares ( CMRE) are up about 1.7%.

More from Stocks

NYSE Trader Expects Blowout Earnings From Alphabet, Amazon and Facebook

NYSE Trader Expects Blowout Earnings From Alphabet, Amazon and Facebook

Fornite Funko Pop Toys Will Be Huge: CEO

Fornite Funko Pop Toys Will Be Huge: CEO

How This Former VC Player Became CEO of $2 Billion Cannabis Company Tilray

How This Former VC Player Became CEO of $2 Billion Cannabis Company Tilray

Don't Panic! The Risk of a Recession This Year Is Low

Don't Panic! The Risk of a Recession This Year Is Low

Stocks End Close to Home

Stocks End Close to Home