What Costamare’s Latest Dividend Move Signals for Investors

Costamare (CMRE) recently reaffirmed its income profile by declaring a quarterly dividend of $0.115 per common share, along with scheduled payments on its Series B, C, and D preferred shares.

For common shareholders, the $0.115 dividend relates to the quarter ended December 31, 2025 and is payable on February 5, 2026 to investors on record as of January 20, 2026.

Preferred investors are set to receive $0.476563 per Series B share, $0.531250 per Series C share, and $0.546875 per Series D share for the period from October 15, 2025 to January 14, 2026.

These preferred dividends are scheduled to be paid on January 15, 2026 to holders of record as of January 14, 2026, providing a clear timetable for investors focused on cash distributions.

Costamare’s recent dividend declarations come after a strong run in the stock, with a 90 day share price return of 43.78% and a 1 year total shareholder return of 82.70%. This suggests that momentum has been building rather than fading.

If this kind of income story has your attention, it could be a good moment to broaden your watchlist and check out fast growing stocks with high insider ownership.

With Costamare’s shares up sharply over the past year and trading above the average analyst price target of $12.50, the key question is whether the stock is now stretched or whether markets are still underpricing its future growth potential.

Most Popular Narrative: 29.5% Overvalued

With Costamare’s shares at US$16.19 versus a narrative fair value of US$12.50, the current pricing sits well above that central estimate.

The analysts have a consensus price target of $10.15 for Costamare based on their expectations of its future earnings growth, profit margins and other risk factors. In order for you to agree with the analyst's consensus, you would need to believe that by 2028, revenues will be $448.3 million, earnings will come to $285.2 million, and it would be trading on a PE ratio of 6.1x, assuming you use a discount rate of 12.3%.

Curious how a shrinking top line, higher margins and a lower future P/E can still support that fair value? The full narrative lays out the earnings glide path, margin reset and valuation multiple that have to line up almost perfectly. If you want to see which assumptions really carry the model, the details sit in that breakdown.

Result: Fair Value of $12.5 (OVERVALUED)

However, there are still clear swing factors here, including execution on reducing relatively high leverage and demonstrating that the Neptune leasing income is as steady as hoped.

Build Your Own Costamare Narrative

If you look at the numbers and come to a different conclusion, or simply prefer to test your own assumptions, you can build a complete view in just a few minutes with Do it your way.

A great starting point for your Costamare research is our analysis highlighting 1 key reward and 3 important warning signs that could impact your investment decision.

Ready for more investment ideas?

If Costamare has sharpened your focus, do not stop here, your next opportunity could sit in a corner of the market you have not checked yet.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.