Costamare's Series B Preferred Stock Shares Cross 10% Yield Mark

In trading on Monday, shares of Costamare Inc.'s 7.625% Series B Cumulative Redeemable Perpetual Preferred Stock ( CMRE.PRB) were yielding above the 10% mark based on its quarterly dividend (annualized to $1.9063), with shares changing hands as low as $18.87 on the day. This compares to an average yield of 10.10% in the "Transportation" preferred stock category, according to Preferred Stock Channel. As of last close, CMRE.PRB was trading at a 23.60% discount to its liquidation preference amount, versus the average discount of 18.58% in the "Transportation" category.

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

Performance Comparison Chart

Below is a dividend history chart for CMRE.PRB, showing historical dividend payments on Costamare Inc.'s 7.625% Series B Cumulative Redeemable Perpetual Preferred Stock:

CMRE.PRB+Dividend+History+Chart

In Monday trading, Costamare Inc.'s 7.625% Series B Cumulative Redeemable Perpetual Preferred Stock ( CMRE.PRB) is currently down about 0.5% on the day, while the common shares ( CMRE) are up about 1.2%.

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