GSL Stock Recent News
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Global Ship Lease has long-term fixed charter rates, providing income investors with visibility into future dividends. GSL focuses on mid-size container ships, which make up over 70% of global containerized trade volumes. GSL offers an attractive dividend yield of more than 7%, has greatly improved its debt leverage, and is undervalued vs. its industry.
Thomas Lister set to replace Ian Webber as CEO of Global Ship Lease (GSL).
Global Ship Lease posted robust Q3 results came in robust, with its containership producing highly profitable cash flows. The company strategically allocates these cash flows by skillfully balancing deleveraging efforts with tangible shareholder returns. With multi-year leases set to sustain this theme over the medium term and shares remaining cheap, I remain bullish on Global Ship Lease.
Global Ship Lease (GSL) concluded the recent trading session at $17.63, signifying a +0.28% move from its prior day's close.
LONDON, Oct. 26, 2023 (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 third quarter 2023 on Thursday, November 9, 2023 at 10:30 a.m. Eastern Time. The Company will issue financial results for the third quarter 2023 on Thursday, November 9, 2023, before the open of market trading.
In the latest trading session, Global Ship Lease (GSL) closed at $17.62, marking a +0.57% move from the previous day.
Global Ship Lease (GSL) concluded the recent trading session at $17.52, signifying a -1.74% move from its prior day's close.
Global Ship Lease (GSL) closed the most recent trading day at $18.13, moving +1.34% from the previous trading session.
Global Ship Lease (GSL) reachead $18.34 at the closing of the latest trading day, reflecting a +0.66% change compared to its last close.
The shipping industry is volatile and unpredictable, but investing in companies with a forward backlog, such as GSL, improves stability and cash flow visibility. The company's capital allocation policy is reliable, with a healthy balance between generous dividends, share repurchases, debt reduction, and fleet expansion. Following GSL's recent dip, the stock offers a favorable range for accumulation, with high upside potential and a wide margin of safety.