Costamare Joins Two Strong Dividend Stocks For Your Portfolio

Over the last 7 days, the United States market has risen by 2.0%, contributing to a 12% increase over the past year, with earnings forecasted to grow by 14% annually. In this favorable market environment, selecting dividend stocks like Costamare and two other strong performers can be an effective strategy for investors seeking steady income and potential growth.

Top 10 Dividend Stocks In The United States

Click here to see the full list of 147 stocks from our Top US Dividend Stocks screener.

Let's dive into some prime choices out of the screener.

Costamare (NYSE:CMRE)

Simply Wall St Dividend Rating: ★★★★☆☆

Overview: Costamare Inc. is a global owner and operator of containerships and dry bulk vessels, with a market cap of approximately $1.03 billion.

Operations: Costamare Inc.'s revenue is primarily derived from its Container Vessels segment, generating $866.17 million, followed by the Dry Bulk Vessels segment with $190.41 million and CBI contributing $996.36 million.

Dividend Yield: 5.3%

Costamare Inc. offers a dividend yield in the top 25% of US payers, supported by low payout ratios from earnings (18.9%) and cash flows (18.4%). However, its dividend history is marked by volatility and declines over the past decade, raising concerns about reliability. The recent spin-off of its dry bulk business could impact future distributions. Despite trading below estimated fair value, high debt levels may pose risks to sustained dividend payouts.

• Take a closer look at Costamare's potential here in our dividend report.
• The analysis detailed in our Costamare valuation report hints at an deflated share price compared to its estimated value.

Global Ship Lease (NYSE:GSL)

Simply Wall St Dividend Rating: ★★★★☆☆

Overview: Global Ship Lease, Inc. operates by owning and chartering containerships under fixed-rate charters to container shipping companies globally, with a market cap of approximately $884.97 million.

Operations: Global Ship Lease generates revenue of $715.23 million from its transportation and shipping segment by chartering containerships under fixed-rate agreements to container shipping companies worldwide.

Dividend Yield: 8.4%

Global Ship Lease's dividend yield ranks in the top 25% of US payers, with a payout ratio of 17.7% from earnings and 59.3% from cash flows, indicating strong coverage. Recent increases include a quarterly dividend of US$0.525 per share, reflecting a substantial rise since last year. Despite trading at good value compared to peers and industry standards, its dividend history has been marked by volatility and declines over the past decade, affecting reliability perceptions.

• Navigate through the intricacies of Global Ship Lease with our comprehensive dividend report here.
• According our valuation report, there's an indication that Global Ship Lease's share price might be on the cheaper side.

Safe Bulkers (NYSE:SB)

Simply Wall St Dividend Rating: ★★★★☆☆

Overview: Safe Bulkers, Inc., along with its subsidiaries, offers international marine drybulk transportation services and has a market cap of $388.78 million.

Operations: Safe Bulkers, Inc. generates revenue from its marine drybulk transportation services, with the Transportation - Shipping segment contributing $290.31 million.

Dividend Yield: 5.3%

Safe Bulkers offers a dividend yield in the top 25% of US payers but lacks free cash flow coverage, raising sustainability concerns. While dividends are covered by earnings due to a low payout ratio, they've been volatile over the past decade. Recent financials show declining revenue and net income, impacting dividend reliability. A recent share buyback of $10.72 million was completed, and dividends were affirmed at $0.05 per share for common stockholders payable in June 2025.

• Get an in-depth perspective on Safe Bulkers' performance by reading our dividend report here.
• Our valuation report here indicates Safe Bulkers may be undervalued.

Seize The Opportunity

• Explore the 147 names from our Top US Dividend Stocks screener here.
• Have you diversified into these companies? Leverage the power of Simply Wall St's portfolio to keep a close eye on market movements affecting your investments.
• Elevate your portfolio with Simply Wall St, the ultimate app for investors seeking global market coverage.

Contemplating Other Strategies?

• Explore high-performing small cap companies that haven't yet garnered significant analyst attention.
• Fuel your portfolio with companies showing strong growth potential, backed by optimistic outlooks both from analysts and management.
• Find companies with promising cash flow potential yet trading below their fair value.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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