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| Global Ship Lease's Series B Preferred Shares Crosses Above 8% Yield TerritoryBy Preferred Stock Channel Staff, Tuesday, March 19, 2:50 PM ET
In trading on Tuesday, shares of Global Ship Lease, Inc.'s 8.75% Series B Cumulative Redeemable Perpetual Preferred Shares (NYSE:GSL.PRB) were yielding above the 8% mark based on its quarterly dividend (annualized to $2.1875), with shares changing hands as low as $26.50 on the day. This compares to an average yield of 7.98% in the "Transportation" preferred stock category, according to Preferred Stock Channel. As of last close, GSL.PRB was trading at a 11.16% premium to its liquidation preference amount, versus the average premium of 3.58% in the "Transportation" category. The chart below shows the one year performance of GSL.PRB shares, versus GSL:
Below is a dividend history chart for GSL.PRB, showing historical dividend payments on Global Ship Lease, Inc.'s 8.75% Series B Cumulative Redeemable Perpetual Preferred Shares:
Special Offer: Receive our best dividend ideas directly to your inbox each afternoon with the Dividend Channel Premium Newsletter In Tuesday trading, Global Ship Lease, Inc.'s 8.75% Series B Cumulative Redeemable Perpetual Preferred Shares (NYSE:GSL.PRB) is currently off about 0.4% on the day, while the common shares (NYSE:GSL) are off about 0.4%.
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