COSTAMARE INC. DECLARES QUARTERLY DIVIDEND OF $0.25 PER SHARE
News Release
Costamare Inc.
January 14, 2011
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<DIV>Athens, Greece - January 12, 2011- Costamare Inc. (the "Company") (NYSE:
CMRE), one of the world's leading owners and providers of containerships for
charter, today announced that the Company's Board of Directors declared a
dividend for the fourth quarter ended December 31, 2010, of $0.25 per share
payable on February 4, 2011 to stockholders of record at the close of trading of
the Company's common stock on the New York Stock Exchange (the "NYSE") on
January 28, 2011. This is the first cash dividend the Company has declared since
its initial public offering on November 4, 2010. <BR clear=all></A><BR
clear=all><B>Management Commentary</B><BR clear=all>Konstantinos
Konstantakopoulos, Chairman of the Board of Directors and Chief Executive
Officer of the Company, commented: "In line with our dividend policy, the Board
of Directors declared our first quarterly dividend since we commenced trading on
the New York Stock Exchange. <BR clear=all></A><BR clear=all>"Our balance sheet,
together with cash flow from the operations of our existing fleet provides us
with the ability to pay the dividend without any impact on our growth plans."
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<DIV>Athens, Greece - January 12, 2011- Costamare Inc. (the "Company") (NYSE:
CMRE), one of the world's leading owners and providers of containerships for
charter, today announced that the Company's Board of Directors declared a
dividend for the fourth quarter ended December 31, 2010, of $0.25 per share
payable on February 4, 2011 to stockholders of record at the close of trading of
the Company's common stock on the New York Stock Exchange (the "NYSE") on
January 28, 2011. This is the first cash dividend the Company has declared since
its initial public offering on November 4, 2010. <BR clear=all></A><BR
clear=all><B>Management Commentary</B><BR clear=all>Konstantinos
Konstantakopoulos, Chairman of the Board of Directors and Chief Executive
Officer of the Company, commented: "In line with our dividend policy, the Board
of Directors declared our first quarterly dividend since we commenced trading on
the New York Stock Exchange. <BR clear=all></A><BR clear=all>"Our balance sheet,
together with cash flow from the operations of our existing fleet provides us
with the ability to pay the dividend without any impact on our growth plans."
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