Costamare Inc. Declares Quarterly Dividend of $0.27 per Share

ATHENS, GREECE - July 9, 2012

Costamare Inc. (the "Company") (NYSE: CMRE) has declared a quarterly dividend of $0.27 per share for the quarter ended June 30, 2012.

Dividend Declaration
The Company today declared a cash dividend on its common stock of $0.27 per common share, payable on August 7, 2012 to stockholders of record at the close of trading of the Company's common stock on the New York Stock Exchange on July 23, 2012. The Company has 67,800,000 shares of common stock outstanding as of today. The declaration of a dividend is subject to the discretion of the Board of Directors of the Company, and accordingly will depend on, among other things, the Company's earnings, financial condition and cash requirements and availability, the Company's ability to obtain debt and equity financing on acceptable terms as contemplated by the Company's growth strategy, the restrictive covenants in the Company's existing and future debt instruments and global economic conditions.

About Costamare Inc.
Costamare Inc. is one of the world's leading owners and providers of containerships for charter. Costamare Inc. has 37 years of history in the international shipping industry and a fleet of 56 containerships, including 10 newbuilds on order, with a total capacity of approximately 326,000 TEU. Costamare Inc.'s common shares trade on the New York Stock Exchange under the symbol "CMRE."

Source: Costamare Inc.