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Earnings/ (Loss) per share
 6 Months Ended
Jun. 30, 2015
Earnings Per Share, Basic [Abstract]  
Earnings per share

15. Earnings per share (EPS)

 

All common shares issued are Costamare common stock and have equal rights to vote and participate in dividends. In August 2013, the Company issued Series B Preferred Stock, receiving an annual dividend of 7.625% in arrears on the 15th day of January, April, July and October of each year. In January 2014, the Company issued Series C Preferred Stock, receiving an annual dividend of 8.50% in arrears on the 15th day of January, April, July and October of each year. Additionally, in May 2015, the Company issued Series D Preferred Stock, receiving an annual dividend of 8.75% in arrears on the 15th day of January, April, July and October of each year. 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 and Series D Preferred Stock that should be paid for the period. Dividends paid or accrued on Series B Preferred Stock, Series C Preferred Stock and Series D Preferred Stock during the six-month periods ended June 30, 2014 and 2015, amounted to $5,719, and $7,313, respectively.

 

    June 30, 2014     June 30, 2015  
    Basic EPS     Basic EPS  
Net income   $ 47,213     $ 70,613  
Less: paid and accrued earnings allocated to Preferred Stock     (5,719 )     (7,313 )
Net income available to common stockholders     41,494       63,300  
Weighted average number of common shares, basic and diluted     74,800,000       74,876,866  
Earnings per common share, basic and diluted   $ 0.55     $ 0.85