Costamare Q1 2026 Earnings: $76M Adjusted Net Income, Dividend Increase, and $2.8B Newbuild Contracts

Costamare Inc. reported unaudited financial results for Q1 2026 with Adjusted Net Income from Continuing operations of $76.0 million ($0.63 per share) and Net Income from Continuing operations of $75.3 million ($0.62 per share). The company announced a dividend increase from $0.115 to $0.125 per common share beginning Q2 2026. Costamare entered into 16 new shipbuilding contracts with COSCO, adding $2.8 billion in contracted revenues, with vessels to be delivered between Q4 2027 and Q2 2030. The company also agreed to acquire two secondhand container vessels. Liquidity stood at $644.4 million, and contracted revenues for the containership fleet reached approximately $6.2 billion with a TEU-weighted duration of 6.1 years. The company's containership fleet is 97% fixed for 2026 and 94% for 2027.