Costamare (CMRE) has released an update.
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Costamare Inc. has reported a strong second quarter in 2024 with a net income of $91.3 million and robust liquidity of over $1.1 billion. The company achieved full employment of its containership fleet for the year, with projected revenues of $2.4 billion over 3.5 years, and made strategic moves in the dry bulk sector by renewing and upsizing its fleet. Additionally, Costamare declared dividends for its common and preferred stock shares, with substantial funds allocated for share repurchase programs.
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