Clement Mullins's questions to Costamare Inc (CMRE) leadership • Q2 2025
Question
Clement Mullins of Value Investors Edge asked for an update on the Neptune Maritime Leasing venture, its development, and the potential for increased investment. He also questioned if the post-spin-off focus would alter shareholder return policies, such as dividends or share repurchases.
Answer
CFO & Director Gregory Zikos reported that the Neptune Maritime Leasing platform is progressing well, having committed to or funded 47 assets and deployed nearly 90% of its initial capital. Regarding shareholder returns, Mr. Zikos stated the dividend policy is a Board decision and is independent of the spin-off. He emphasized that while options are periodically reviewed, the company currently prioritizes deploying capital into accretive new business over one-off dividends or buybacks.