Earnings Per Share [Text Block] |
16. Earnings per share
All common shares issued are Costamare common stock and have equal rights to vote and participate in dividends. Profit or loss attributable to common equity holders is adjusted by the contractual amount of dividends on Series B Preferred Stock, Series C Preferred Stock, Series D Preferred Stock and Series E Preferred Stock that should be paid for the period. Dividends paid or accrued on Series B Preferred Stock, Series C Preferred Stock, Series D Preferred Stock and Series E Preferred Stock during each of the six-month periods ended June 30, 2024 and 2025, amounted to $13,278 and $10,402, respectively.
| | For the six-month period ended June 30, | |
| | 2024 | | | 2025 | |
| | EPS | | | EPS | |
Net income from continuing operations | | $ | 201,671 | | | $ | 218,046 | |
Net income/ (loss) from discontinued operations | | | 3,876 | | | | (27,547 | ) |
Net income | | | 205,547 | | | | 190,499 | |
Less: Net income attributable to non-controlling interest in subsidiaries, continuing operations | | | (1,628 | ) | | | (1,890 | ) |
Add: Net loss attributable to non-controlling interest in subsidiaries, discontinued operations | | | 277 | | | | 213 | |
Net income attributable to Costamare Inc. | | | 204,196 | | | | 188,822 | |
Less: paid and accrued earnings allocated to Preferred Stock | | | (13,278 | ) | | | (10,402 | ) |
Less: deemed dividend in redemption of Series E Preferred Stock | | | (5,446 | ) | | | - | |
Net income available to common stockholders | | $ | 185,472 | | | $ | 178,420 | |
Weighted average number of common shares, basic and diluted | | | 118,902,719 | | | | 120,039,623 | |
Earnings per common share, basic and diluted, continuing operations | | $ | 1.53 | | | $ | 1.71 | |
Earnings/ (losses) per common share, basic and diluted, discontinued operations | | | 0.03 | | | | (0.23 | ) |
Earnings per common share, basic and diluted | | $ | 1.56 | | | $ | 1.49 | |
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