Company: CMRE-PC
Filing Date: 2025-02-20
Form Type: 20-F
Source: 0001140361-25-005199
Chunk: 190

Company: Costamare Inc.
Filing Date: 2025-02-20
Form: 20-F
Item: Item 8
Chunk 190
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 requirements of Marshall Islands law. The timing and amount of dividend payments will be dependent upon our earnings, financial condition, cash requirements and availability, fleet renewal and expansion, restrictions in our credit facilities, the provisions of Marshall Islands law affecting the payment of distributions to stockholders and other factors. We cannot assure you that we will pay regular quarterly dividends in the amounts stated above or elsewhere in this annual report, and dividends may be reduced or discontinued at any time at the discretion of our board of directors. Our ability to pay dividends may be limited by the amount of cash we can generate from operations following the payment of fees and expenses and the establishment of any reserves, as well as additional factors unrelated to our profitability. We are a holding company, and we depend on the ability of our subsidiaries to distribute funds to us in order to satisfy our financial obligations and to make dividend payments.
 
Set out below is a table showing the dividends paid in 2020, 2021, 2022, 2023 and 2024.
 

                                                                                                                        Year Ended December 31,                                       
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                                                                             2020              2021              2022                2023              2024                      Total
                                                                                                                                               (Expressed in millions of U.S. dollars)
Common Stock dividends paid                                                        $34.3             $40.2               $88.4             $39.1             $43.5              $245.5
Common Stock dividends paid in shares under the Dividend Reinvestment Plan          13.8              12.6                30.3              16.3              11.3                84.3
Preferred Stock dividends paid                                                      31.2              31.1                31.1              31.1              28.5               153.0
Total                                                                              $79.3             $83.9              $149.8             $86.5             $83.3              $482.8
B.          Significant Changes
 
See “Item 18. Financial Statements—Note 25. Subsequent Events” below.