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ATHENS, Greece, Sept. 10, 2024 (GLOBE NEWSWIRE) -- Global Ship Lease, Inc. (NYSE:GSL) (the “Company”), a containership charter owner, announced today that the Company's Board of Directors has declared a cash dividend of $0.546875 per depositary share, each representing a 1/100th interest in a share of its 8.75% Series B Cumulative Redeemable Perpetual Preferred Shares (the “Series B Preferred Shares”) (NYSE:GSLPrB). The dividend represents payment for the period from July 1, 2024 to September 30, 2024 and will be paid on October 1, 2024 to all Series B Preferred Shareholders of record as of September 24, 2024.

Global Ship Lease has secured long-term fixed charter rates, providing income investors with dividend visibility, and has $1.8B in contracts covering 2.2 years. GSL's Q2 '24 results show strong financial performance with increases in net income, EBITDA, and EPS, alongside a decrease in interest expense. GSL's dividend yield is enhanced by a new supplemental dividend, and the company has improved its debt leverage and credit ratings significantly.

Newly established $300 million senior secured facility enables comprehensive refinancing to streamline outstanding debt, extend maturities, improve cost of debt, and increase number of unencumbered vessels in GSL fleet. Newly established $300 million senior secured facility enables comprehensive refinancing to streamline outstanding debt, extend maturities, improve cost of debt, and increase number of unencumbered vessels in GSL fleet.

Start Time: 10:30 January 1, 0000 11:00 AM ET Global Ship Lease, Inc. (NYSE:GSL ) Q2 2024 Earnings Conference Call August 05, 2024, 10:30 PM ET Company Participants Tom Lister - Chief Executive Officer George Youroukos - Executive Chairman Tassos Psaropoulos - Chief Financial Officer Conference Call Participants Omar Nokta - Jefferies Liam Burke - B. Riley Securities Clement Mullins - Value Investors Operator Thank you for standing by.

Global Ship Lease (GSL) came out with quarterly earnings of $2.46 per share, beating the Zacks Consensus Estimate of $2.27 per share. This compares to earnings of $2.09 per share a year ago.

Significant up-lift in forward contract cover, Supplemental Dividend increases quarterly dividend by 20% to $0.45 per common share, well-positioned for counter-cyclical opportunities when they arise Significant up-lift in forward contract cover, Supplemental Dividend increases quarterly dividend by 20% to $0.45 per common share, well-positioned for counter-cyclical opportunities when they arise

Global Ship Lease (GSL) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

ATHENS, Greece, July 22, 2024 (GLOBE NEWSWIRE) -- Global Ship Lease, Inc. (NYSE:GSL) (the “Company”), a containership charter owner, announced today that it will hold a conference call to discuss the Company's results for the second quarter 2024 on Monday, August 5, 2024 at 10:30 a.m. Eastern Time. The Company will issue financial results for the second quarter 2024 on Monday, August 5, 2024 before the open of market trading.

Global Ship Lease's preferred shares were previously trading at a premium, making them unappealing due to potential call risk. Despite strong cash flow and coverage for preferred dividends, the preferred shares remain unattractive at current premium levels. The Series B preferred shares are trading at a premium compared to their $25 principal value, posing a risk of potential capital loss if called.