GSL Global Ship Lease dividend history, payout ratio & dates
Global Ship Lease's most recent dividend payment of $0.45 per share was made to shareholders on record before Aug 23, 2024. The payout stands at $1.58 per share annually, which works out to a dividend yield of 6.89%. The latest GSL stock dividend of $0.45 is an increase from the previous $0.375 distribution, representing a growth of 20%.
Key dates
- GSL last dividend date: Aug 23, 2024
GSL dividend stats
vs. Industrials sector
Dividend yield
Global Ship Lease's dividend yield of 6.89% is above the Industrials sector, the industry and its peers average. Compared to its Industrials sector average of 1.36%, Global Ship Lease's dividend yield is 407% higher.
Dividend history
Global Ship Lease has been paying dividends consistently since 2021. According to our data GSL has issued four quarterly dividends in the last twelve months. The annualized DPS has increased by 5% for the last year. However since the stock price has gone up by 28% from a year ago, the dividend yield has decreased by 18%.
Recent dividends
| Ex-date | Amount | Yield (TTM) |
|---|---|---|
| Aug 23, 2024 | $0.45 | 6.27% |
| May 23, 2024 | $0.375 | 5.41% |
| Feb 21, 2024 | $0.375 | 7.49% |
| Nov 22, 2023 | $0.375 | 8.45% |
| Aug 22, 2023 | $0.375 | 7.82% |
| May 23, 2023 | $0.375 | 8.26% |
| Feb 21, 2023 | $0.375 | 8.05% |
| Nov 21, 2022 | $0.375 | 7.93% |
| Aug 22, 2022 | $0.375 | 7.01% |
| May 23, 2022 | $0.375 | 4.96% |
| Feb 18, 2022 | $0.25 | 3.95% |
| Nov 19, 2021 | $0.25 | 3.3% |
| Aug 20, 2021 | $0.25 | 2.65% |
| May 21, 2021 | $0.25 | 1.47% |
| Nov 12, 2015 | $0.8 | 5.68% |
| Aug 12, 2015 | $0.8 | 1.67% |
Global Ship Lease dividend payout ratio
Payout ratio
Global Ship Lease's payout ratio of 17.5% is above its peers average but below the Industrials sector and the industry average. If we compare it with its Industrials sector average of 32.7%, Global Ship Lease's payout ratio is 46% lower.
Total amount of dividends paid per financial year (from cash flow)
GSL dividend vs peer dividends
| Name | Dividend yield | DPS | Payout ratio |
|---|---|---|---|
| GSL Global Ship Lease Inc | 7.06% | $1.58 | 17.5% |
| DAC Danaos Corporation | 3.73% | $3.2 | 11% |
| CMRE Costamare Inc | 3.21% | $0.46 | 15.3% |
Frequently asked questions
Does Global Ship Lease pay a dividend?
Yes, Global Ship Lease has paid four dividends in the last 12 months. GSL has been paying dividends since 2021.
When was GSL's last dividend?
Global Ship Lease's last dividend ex-date was on Aug 23, 2024. The dividend amount was $0.45 per share.
How much dividend does Global Ship Lease pay (per share)?
On an annual basis GSL pays $1.58 per share.
What is Global Ship Lease's dividend yield?
Global Ship Lease's current dividend yield is 6.89%.
How often does Global Ship Lease pay dividends?
Global Ship Lease has a quarterly dividend frequency.
What is Global Ship Lease's dividend payout ratio?
Global Ship Lease's dividend payout ratio is 17.5%.
Does Global Ship Lease pay a good dividend?
Global Ship Lease's dividend yield is above the Industrials sector average.
Special dividends are included in TTM DPS and yield. Data from 
and Sharadar.