Costamare Q2 Profit Tops View; Declares Dividend - Quick Facts

(RTTNews) - Costamare Inc. (CMRE) Wednesday reported second-quarter net income of $30.6 million or $0.41 per share, compared $21.1 million or $0.31 per share in the prior year quarter.

Adjusted net income for the quarter was $27.7 million or $0.37 per share, up from $21.6 million or $0.32 per share in the comparable quarter last year. On average, 9 analysts polled by Thomson Reuters expected earnings of $0.32 per share for the quarter. Analysts' estimates typically exclude one-time items.

Voyage revenues for the quarter was $100.03 million, compared to $96.04 million last year, while voyage revenues, adjusted on cash basis, rose to $103.37 million from $96.52 million in the year-ago period. Analysts estimated revenues of $103.34 million for the quarter.

On July 10, 2013, the company declared a dividend for the second quarter ended June 30, 2013, of $0.27 per share, payable on August 7, 2013 to stockholders of record on July 24, 2013.