Costamare Inc Offers Strong Dividend Yield Amid Market Volatility

In trading on Wednesday, shares of Costamare Inc (Symbol: CMRE) yielded above the 5% mark due to its quarterly dividend, which annualizes to $0.46. On that day, the stock changed hands as low as $9.03. Dividends are significant for investors because they historically contribute a considerable share to the stock market’s total return.

For example, if you had purchased shares of the iShares Russell 3000 ETF (IWV) on May 31, 2000, you would have paid $78.27 per share. By May 31, 2012, each share was valued at $77.79, resulting in a nominal loss of $0.48, or a 0.6% decrease over twelve years. However, you would have also collected $10.77 per share in dividends during that period, enhancing your total return to 13.15%. Even with dividends reinvested, the average annual total return was about 1.0%. Therefore, a yield above 5% can be an attractive option if deemed sustainable. Notably, Costamare Inc (Symbol: CMRE) is part of the Russell 3000, which includes some of the largest companies in the U.S. stock markets.

Generally, dividend amounts are not always predictable and tend to fluctuate based on each company’s profitability. A review of Costamare Inc’s dividend history can offer insights into the likelihood of sustaining its current yield around 5%.

To explore more dividend stocks that recently went on sale, visit our resources.

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The views and opinions expressed herein are those of the author and do not necessarily reflect the views of Nasdaq, Inc.