GSL dividend calculator – Global Ship Lease Declares 0.375 Cash Dividend

Dividends Yield

On May 26 2023, Global Ship Lease ($NYSE:GSL) Inc. declared a cash dividend of 0.375 USD per share. Over the past three years, they have issued annual dividends per share of 1.5, 1.38, and 0.75 USD, with corresponding dividend yields of 7.67%, 6.32%, and 3.76%. On average, the dividend yield for this period is 5.92%. The ex-dividend date for this dividend is May 23 2023.

Market Price

On the same day, GSL’s stock opened at $18.0 and closed at $18.0, up by 0.6% from the previous closing price of $17.9. This move was welcomed by investors, as it allows them to benefit from the company’s success and potential for future growth. Additionally, this dividend is likely to encourage more investors to invest in GSL’s stock, boosting its value in the market. Moreover, this dividend will help to further strengthen the company’s financial position and provide a return to its shareholders. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for GSL. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for GSL. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for GSL. More…

Key Ratios Snapshot

Some of the financial key ratios for GSL are shown below. More…

Analysis

At GoodWhale, we conducted a thorough analysis of GLOBAL SHIP LEASE’s fundamentals in order to provide our investors with an informed risk rating. The results revealed that GLOBAL SHIP LEASE is a low risk investment in terms of financial and business aspects. However, we did detect two risk warnings when it comes to their income sheet and balance sheet. We invite our investors to register on goodwhale.com to gain full access to the information uncovered in our analysis. Our team of experts are also available to discuss any questions or concerns you may have about GLOBAL SHIP LEASE. More…

Peers

The maritime shipping industry is highly competitive, with companies vying for market share in a global market. While there are many players in the industry, four major companies – Global Ship Lease Inc, Costamare Inc, Danaos Corp, and ZIM Integrated Shipping Services Ltd – have emerged as the leaders in the market. These companies have been locked in a fierce competition for market share, with each company looking to gain an edge over its rivals.

– Costamare Inc ($NYSE:CMRE)

Costamare is one of the world’s leading international ocean carriers, providing container shipping services through a modern fleet of container vessels. The Company has a strong focus on quality and reliability, offering its customers a wide range of shipping services and a high level of service reliability. Costamare’s vessels transport more than 10 million TEU of containers annually. The company’s return on equity (ROE) has been consistently strong at over 20% over the past few years, indicating that it is efficiently using its shareholders’ equity to generate profits. Costamare’s market capitalization is also relatively strong at over $1 billion, indicating that investors are confident in the company’s long-term prospects.

– Danaos Corp ($NYSE:DAC)

Danaos Corporation is a Greek shipping company specializing in the ownership of containerships. The company was founded in 1972 and has a market capitalization of $1.16 billion as of 2022. The company’s return on equity is 21.18%. Danaos Corporation operates a fleet of containerships that transport cargo for a variety of customers including major shipping lines, freight forwarders, and manufacturers. The company’s vessels are deployed on routes between Europe, Asia, the Middle East, and the Americas.

– ZIM Integrated Shipping Services Ltd ($NYSE:ZIM)

ZIM Integrated Shipping Services Ltd is a leading global provider of maritime transportation services. The company offers a wide range of services, including liner and port services, logistics, and other ancillary services. ZIM has a strong presence in the major trade lanes and is one of the largest carriers in the Mediterranean and Black Sea regions. The company has a market capitalization of 2.78 billion as of 2022 and a return on equity of 105.77%. ZIM is a publicly traded company listed on the New York Stock Exchange.

Summary

Global Ship Lease has proven to be an attractive option for dividend investing. It has paid dividends over the past three years, ranging from 0.75 to 1.5 USD per share, translating to a dividend yield of 3.76-7.67%. On average, the dividend yield over the period has been 5.92%, which is higher than the average yield in the industry. As such, investors considering dividend stocks may want to consider adding Global Ship Lease to their portfolio.