Monday, December 26, 2022 6:47 PM EDT
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Costamare Inc bears the ticker symbol CMRE, and this is my first mention of CMRE for my new Viking Portfolio, however, I likely mentioned it as a candidate for one of my previous Dog of The Week Portfolios.
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Costamare Inc is an owner of containerships in Monaco. It provides marine transportation services by chartering its container vessels to liner operators under long, medium, and short-term time charters.
The company's fleet of vessels includes Cosco Guangzhou, Cosco Ningbo, Cosco Yantian, Vantage, Valor, Valiant, and Maersk Kobe, and among others. Costamare provides services to ocean carriers that demand a high standard of safety and reliability. It generates its revenues from time charters.
The company was founded in 1974 and, as mentioned before, is based in Monaco.
Three key data points gauge
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Costamare Inc:
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(1) Price
(2) Dividends
(3) Returns
Those three basic keys best tell whether any company has made, is making, and will make money.
CMRE Price
Costamare’s price per share was $9.06 at Friday’s market close. And, in the past year, CMRE’s share price fell by $3.22 or about 26%.
If Costamare’s stock trades in the range of $8.00 to $12.00 this next year, its recent $9.06 share price might reach $11.00 by next year. My upside estimate of $1.94 is just $0.17 short of the median of one-year target estimates from three analysts covering CMRE for brokers.
CMRE Dividends
Costamare’s most recent Quarterly dividend of 0.115 equates to an annual dividend of $0.46 to cast an annual yield of 5.07%.
CMRE Returns
Adding the $0.46 annual estimated Costamare dividend to my one-year price upside estimate of $1.94 reveals a $2.40 potential gross gain per share.
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At Friday’s $9.07 closing price, a little under $1000 would buy 110 shares.
A $10 broker fee (if charged), paid half at purchase and half at sale, might cost us about $0.09 per share.
Subtract that maybe $0.09 brokerage cost from my estimated $2.40 gross gain makes a net gain of $2.31 X 110 shares = $254.10 for a 25.4% net gain including a 5.07% annual dividend yield.
In one year our $1K investment in shares of Costamare Inc would generate $50.70 in cash dividends. Of course, a single share of CMRE stock at Friday's $9.07 price is more than 5X less than the annual dividend income from our $1000.00 investment.
So, by my dogcatcher ideal, this is a good time to buy CMRE shares based on their dividends for the coming year 2023. The current dividend from $1K invested is about 5.6 times greater than CMRE’s single share price. Consider yourself alerted.
All of the estimates above are speculation based on the past history of investment in shares of Costamare Inc. Only time and money invested in this stock will determine its future market value.
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Disclaimer: Disclaimer: This article is for informational and educational purposes only and should not be construed to constitute investment advice. Nothing contained herein shall ...
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Disclaimer: Disclaimer: This article is for informational and educational purposes only and should not be construed to constitute investment advice. Nothing contained herein shall constitute a solicitation, recommendation or endorsement to buy or sell any security. Prices and returns on equities in this article except as noted are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling same.
Disclosure: This article was compiled by Rydlun & Co., LLC from data derived from www.ycharts. com; www.finance.yahoo.com; analyst median target price by YCharts.
Catch Your Underdog Daily Dividend on Facebook!
The night before every NYSE trading day on Facebook/ Dividend Dog Catcher Fredrik Arnold usually does a quick live video summary of one stock contending for a weekly slot on his new Viking portfolio.
Last night Arnold followed this script on his Underdog Daily Dividend Show!
Always remember: Root for the Underdog.
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