Global Ship Lease, Inc. (NYSE:GSL – Get Free Report) declared a quarterly dividend on Monday, May 11th. Shareholders of record on Friday, May 22nd will be given a dividend of 0.625 per share by the shipping company on Wednesday, June 3rd. This represents a c) dividend on an annualized basis and a dividend yield of 6.2%. The ex-dividend date of this dividend is Friday, May 22nd.
Global Ship Lease has a dividend payout ratio of 27.4% indicating that its dividend is sufficiently covered by earnings. Analysts expect Global Ship Lease to earn $10.93 per share next year, which means the company should continue to be able to cover its $2.50 annual dividend with an expected future payout ratio of 22.9%.
Global Ship Lease Trading Down 2.6%
Global Ship Lease stock opened at $40.23 on Wednesday. The stock has a market cap of $1.44 billion, a P/E ratio of 3.53 and a beta of 0.96. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.04 and a quick ratio of 2.00. Global Ship Lease has a 1 year low of $23.95 and a 1 year high of $42.70. The firm’s 50 day moving average price is $39.05 and its 200-day moving average price is $36.98.
About Global Ship Lease
Global Ship Lease (NYSE: GSL) is a Bermuda-based containership charter owner focused on acquiring, owning and leasing modern, fuel-efficient vessels to major liner operators. Founded in 2011 and listed on the New York Stock Exchange the same year, the company’s fleet primarily comprises post-Panamax containerships designed to serve the high-volume Asia–Europe and transpacific shipping lanes. By specializing in long-term charter agreements, Global Ship Lease aims to maintain stable revenue streams and minimize spot-market volatility.
The company’s business model centers on negotiating multi-year time charters with leading global shipping lines.
See Also
- Five stocks we like better than Global Ship Lease
- Block’s Pivot to Profits and AI Is Turning Heads
- HIVE Weaponizes Power for an AI Pivot
- A Deep Dive Into NVIDIA’s Latest Portfolio Moves
- Brady Corp Wires Up a Massive AI-Powered Breakout
Receive News & Ratings for Global Ship Lease Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Global Ship Lease and related companies with MarketBeat.com's FREE daily email newsletter.
