GSL Stock Recent News

Quarterly supplemental dividends of $0.075 per share represent a 20% increase in dividend payments to common shareholders Increased dividend payments reflect material outperformance of containership charter markets ATHENS, Greece, May 28, 2024 (GLOBE NEWSWIRE) -- Global Ship Lease, Inc. (NYSE:GSL) (the “Company”), a containership charter owner, today announced the introduction of a quarterly supplemental dividend to common shareholders. Recent containership charter market strength is enabling Global Ship Lease to secure higher-than-anticipated cashflows from time charters with longer-than-anticipated durations.

Global Ship Lease, Inc. (NYSE:GSL ) Q1 2024 Results Conference Call May 16, 2024 10:30 AM ET Company Participants Tom Lister - Chief Executive Officer George Youroukos - Executive Chairman Tassos Psaropoulos - Chief Financial Officer Conference Call Participants Omar Nokta - Jefferies Chris Robertson - Deutsche Bank Liam Burke - B. Riley Securities Ward Blum - UBS Operator Thank you for standing by.

Global Ship Lease (GSL) came out with quarterly earnings of $2.53 per share, beating the Zacks Consensus Estimate of $2.34 per share. This compares to earnings of $2.12 per share a year ago.

Continued capital allocation discipline, interest rate risk fully hedged, sustainable quarterly dividend of $0.375 per common share, well-positioned for counter-cyclical opportunities, CEO transition successful & Chief Compliance Officer appointed Continued capital allocation discipline, interest rate risk fully hedged, sustainable quarterly dividend of $0.375 per common share, well-positioned for counter-cyclical opportunities, CEO transition successful & Chief Compliance Officer appointed

Global Ship Lease (GSL) reachead $20.30 at the closing of the latest trading day, reflecting a +0.5% change compared to its last close.

Zacks.com users have recently been watching Global Ship Lease (GSL) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.

Global Ship Lease, a containership lessor with a fleet of 68 intermediate-sized ships, recently reported better-than-expected earnings and continued its 12-quarter streak of dividends. Its long contract backlog with staggered expirations provides some shielding against market fluctuations. As of 2023, Global's fleet is, on average, more than 17 years old. Global will need to renew its fleet, as it will soon have scrapping candidates.

In the closing of the recent trading day, Global Ship Lease (GSL) stood at $19.77, denoting a -1.25% change from the preceding trading day.

Global Ship Lease (GSL) closed at $20.02 in the latest trading session, marking a +1.73% move from the prior day.

In the most recent trading session, Global Ship Lease (GSL) closed at $19.95, indicating a +0.5% shift from the previous trading day.