Global Ship Lease's most recent quarterly dividend payment of $0.375 per share was made to shareholders on record before Feb 21, 2024. The payout stands at $1.5 per share annually, which works out to a dividend yield of 6.43%.
Global Ship Lease's dividend yield of 6.43% is above the Industrials sector and the industry average. Compared to its Industrials sector average of 1.42%, Global Ship Lease's dividend yield is 353% higher.
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 not changed for the last year. However since the stock price has gone up by 31% from a year ago, the dividend yield has decreased by 24%.
| Ex-date | Payment date | Declared on | Amount | Type |
|---|---|---|---|---|
| Feb 21, 2024 | Mar 6, 2024 | Feb 12, 2024 | $0.375 | normal |
| Nov 22, 2023 | Dec 4, 2023 | Nov 9, 2023 | $0.375 | normal |
| Aug 22, 2023 | Sep 4, 2023 | Aug 3, 2023 | $0.375 | normal |
| May 23, 2023 | Jun 2, 2023 | May 10, 2023 | $0.375 | normal |
| Feb 21, 2023 | Mar 6, 2023 | Feb 9, 2023 | $0.375 | normal |
| Nov 21, 2022 | Dec 2, 2022 | Nov 9, 2022 | $0.375 | normal |
| Aug 22, 2022 | Sep 2, 2022 | Aug 4, 2022 | $0.375 | normal |
| May 23, 2022 | Jun 2, 2022 | May 9, 2022 | $0.375 | normal |
| Feb 18, 2022 | Mar 4, 2022 | Feb 10, 2022 | $0.25 | normal |
| Nov 19, 2021 | Dec 2, 2021 | Nov 8, 2021 | $0.25 | normal |
| Aug 20, 2021 | Sep 3, 2021 | Aug 5, 2021 | $0.25 | normal |
| May 21, 2021 | Jun 3, 2021 | May 10, 2021 | $0.25 | normal |
Global Ship Lease's payout ratio of 17.9% is below the Industrials sector and the industry average. If we compare it with its Industrials sector average of 31%, Global Ship Lease's payout ratio is 42% lower.
| Name | Dividend yield | DPS | Payout ratio |
|---|---|---|---|
| GSL Global Ship Lease Inc | 6.43% | $1.5 | 17.9% |
| DAC Danaos Corporation | 3.87% | $3.1 | 10.7% |
| CMRE Costamare Inc | 3.64% | $0.46 | 15.6% |
| AL Air Lease Corp | 1.72% | $0.82 | 16.5% |
Yes, Global Ship Lease has paid four dividends in the last 12 months. GSL has been paying dividends since 2021.
Currently GSL's next dividend date is unknown, however based on the recent dividend frequency we project that it will likely be in May 2024.
Global Ship Lease's last dividend ex-date was on Feb 21, 2024. The dividend amount was $0.375 per share.
On an annual basis GSL pays $1.5 per share.
Global Ship Lease's current dividend yield is 6.43%.
Global Ship Lease has a quarterly dividend frequency.
Global Ship Lease's dividend payout ratio is 17.9%.
Global Ship Lease's dividend yield is above the Industrials sector average.