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Slideshow The 10 Highest Yielding Preferred Stocks

By Preferred Stock Channel Staff, updated Sunday, October 22, 8:00 AM

#10. Global Ship Lease, Inc. | 8.75% Series B Cumulative Redeemable Perpetual Preferred Shares (NYSE:GSL.PRB) | 9.72% CURRENT YIELD

Discount to Liquidation Preference: -10.00%Average Discount in Category: -11.04%
Current Annualized Yield: 9.72%Average Yield in Category: 6.58%
Days Since Last Ex-Div Date: 27 | See Dividend History »Categorization: Shipping

Alternate symbology:GSL-B, GSL-PB, GSLprB
Call Date:8/20/2019
Shares Offered:1,400,000
Liquidation Preference:$25
Recent Market Price:$23.00
Discount to Liquidation Preference:
(More Preferreds Trading at a Discount »)
$-2.00 (-8.00%)
Annualized Dividend:2.1875
Recent Ex-Date:9/22/2017
Current Yield:9.51%
Original Coupon:8.75%
Pay Period:Quarterly
Pay Dates:1-Jan, 1-Apr, 1-Jul, 1-Oct
Global Ship Lease is engaged in acquiring a fleet of modern containerships of diverse sizes. Co. owns a fleet of modern containerships of diverse sizes and charters the vessels out under long-term, fixed-rate charters. As of Dec. 31, 2016, Co.'s fleet consisted of 18 containerships, including three newly built vessels, with an aggregate capacity of 82,312 TEU and a weighted average age of approximately 12.0 years and a non-weighted average age of 12.3 years.

Preferred: GSL.PRB

Open the GSL Information Page »
Name:  Global Ship Lease, Inc.
Sector:  Shipping

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The 10 Highest Yielding Preferred Stocks - Slide 1 of 10 | | Copyright © 2011 - 2017, All Rights Reserved

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