On Wednesday, Costamare Inc (CMRE) shares yielded over 3%, trading as low as $15.02 and providing an annualized dividend of $0.46. This performance positions Costamare as a notable member of the Russell 3000, one of the largest 3,000 companies in the U.S. stock market, making its dividend yield particularly attractive to investors.
The historical context illustrates the importance of dividends; for instance, if an investor purchased shares of the iShares Russell 3000 ETF (IWV) for $78.27 in May 2000, despite a slight price decline to $77.79 by May 2012, dividends collected boosted total returns significantly to 13.15%. Consequently, a sustainable yield above 3% could be appealing to dividend-focused investors.
