Costamare’s shares plunged Tuesday after the containership owner slashed its dividend and Stifel downgraded its New York-listed stock.
The common share price fell 19.6% in morning trading, bringing it to $7.28 so far today. Costamare’s preferred shares also lost ground, though less drastically.
As TradeWinds reported earlier today, the Greek owner said its board approved a 65.5% decrease in the dividend, making the payout just $0.10
