Analyzing Costamare's Ex-Dividend Date

Costamare CMRE declared a dividend payable on May 6, 2021 to its shareholders as of April 1, 2021. It was also announced that shareholders of Costamare's stock as of April 20, 2021 are entitled to the dividend. The stock is expected to become ex-dividend 1 business day(s) before the record date. The ex-dividend date for Costamare is set for April 19, 2021. The company's current dividend payout sits at $0.1, equating to a dividend yield of 4.16% at current price levels.

The Significance Of An Ex-Dividend Date

An ex-dividend date is when a company's shares stop trading with its current dividend payout in preparation for the company to announce a new one. Usually, a company's ex-dividend date falls one business day before its record date. Investors should keep this in mind when purchasing stocks because buying them on or after ex-dividend dates does not qualify them to receive the declared payment. Newly declared dividends go to shareholders who have owned that stock before the ex-dividend date. Typically, companies will announce and implement new dividend yields on a quarterly basis.

Costamare's Dividend Performance

Over the past year, Costamare has seen its dividend payouts remain the same and its yields trend downward. Last year on April 20, 2020 the company's payout sat at $0.1, which has returned to its value today. Costamare's dividend yield last year was 8.85%, which has since decreased by 4.69%.
Companies use dividend yields in different strategic ways. Some companies may opt to not give yields altogether to reinvest in themselves. Other companies may opt to increase or decrease their yield amounts to control how their shares circulate throughout the stock market.

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