Costamare Inc. Declares Quarterly Dividend of $0.27 per Share
News Release
Costamare Inc.
July 13, 2012
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<P class=Titleleftbold>ATHENS, GREECE - July 9, 2012 - Costamare Inc. (the
"Company") (NYSE: CMRE) has declared a quarterly dividend of $0.27 per share for
the quarter ended June 30, 2012. <BR clear=all><BR clear=all>Dividend
Declaration <BR clear=all>The Company today declared a cash dividend on its
common stock of $0.27 per common share, payable on August 7, 2012 to
stockholders of record at the close of trading of the Company's common stock on
the New York Stock Exchange on July 23, 2012. The Company has 67,800,000 shares
of common stock outstanding as of today. The declaration of a dividend is
subject to the discretion of the Board of Directors of the Company, and
accordingly will depend on, among other things, the Company's earnings,
financial condition and cash requirements and availability, the Company's
ability to obtain debt and equity financing on acceptable terms as contemplated
by the Company's growth strategy, the restrictive covenants in the Company's
existing and future debt instruments and global economic conditions. <BR
clear=all><BR clear=all>About Costamare Inc.<BR clear=all>Costamare Inc. is one
of the world's leading owners and providers of containerships for charter.
Costamare Inc. has 37 years of history in the international shipping industry
and a fleet of 56 containerships, including 10 newbuilds on order, with a total
capacity of approximately 326,000 TEU. Costamare Inc.'s common shares trade on
the New York Stock Exchange under the symbol "CMRE." <BR clear=all><BR
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<P class=Titleleftbold>ATHENS, GREECE - July 9, 2012 - Costamare Inc. (the
"Company") (NYSE: CMRE) has declared a quarterly dividend of $0.27 per share for
the quarter ended June 30, 2012. <BR clear=all><BR clear=all>Dividend
Declaration <BR clear=all>The Company today declared a cash dividend on its
common stock of $0.27 per common share, payable on August 7, 2012 to
stockholders of record at the close of trading of the Company's common stock on
the New York Stock Exchange on July 23, 2012. The Company has 67,800,000 shares
of common stock outstanding as of today. The declaration of a dividend is
subject to the discretion of the Board of Directors of the Company, and
accordingly will depend on, among other things, the Company's earnings,
financial condition and cash requirements and availability, the Company's
ability to obtain debt and equity financing on acceptable terms as contemplated
by the Company's growth strategy, the restrictive covenants in the Company's
existing and future debt instruments and global economic conditions. <BR
clear=all><BR clear=all>About Costamare Inc.<BR clear=all>Costamare Inc. is one
of the world's leading owners and providers of containerships for charter.
Costamare Inc. has 37 years of history in the international shipping industry
and a fleet of 56 containerships, including 10 newbuilds on order, with a total
capacity of approximately 326,000 TEU. Costamare Inc.'s common shares trade on
the New York Stock Exchange under the symbol "CMRE." <BR clear=all><BR
clear=all></P></DIV></BODY></HTML>