Global Ship Lease: Predictable 7% Dividend, But Aging Fleet Is A Concern [Seeking Alpha]
Global Ship Lease Inc New Class A Common Shares (GSL)
Last global ship lease inc new class a common shares earnings: 3/5 08:48 am
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US:NYSE Investor Relations:
globalshiplease.com/investor_relations.cfm
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Source: Seeking Alpha
Its long contract backlog with staggered expirations provides some shielding against market fluctuations. As of 2023, Global's fleet is, on average, more than 17 years old. Global will need to renew its fleet, as it will soon have scrapping candidates. Investment Thesis Global Ship Lease ( NYSE: GSL ) recently reported Q4 2023 earnings. Its revenue of $178.89 million beat expectations and was up 8.4% year over year. It declared a $0.375 dividend ($1.50 annualized, 7 percent yield) as expected. With a sharp focus on the intermediate-size container ship segment, GSL offers shareholders stable dividend payments using its strong cash flows and long contract duration. The caveat is its aging fleet, which will reach an average age of 20 years in 2026 if GSL does nothing. Its fleet has been getting older yearly since a competitor's then-young fleet was merged into GSL in 2018. While retrofits are possible, if GSL cannot renew its fleet, it could lose out to its competitors. In any c
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GSL
News
- Global Ship Lease, Inc. (NYSE: GSL) was downgraded by analysts at StockNews.com from a "strong-buy" rating to a "buy" rating.MarketBeat
- Is Now The Time To Put Global Ship Lease (NYSE:GSL) On Your Watchlist? [Yahoo! Finance]Yahoo! Finance
- Global Ship Lease Stock Looks Good, But I Have Some Concerns (Rating Downgrade) [Seeking Alpha]Seeking Alpha
- Global Ship Lease, Inc. (NYSE: GSL) was upgraded by analysts at StockNews.com from a "buy" rating to a "strong-buy" rating.MarketBeat
- Global Ship Lease (GSL) Stock Moves -0.33%: What You Should Know [Yahoo! Finance]Yahoo! Finance
GSL
Earnings
- 3/4/24 - Miss
GSL
Sec Filings
- 3/20/24 - Form 20-F
- 3/6/24 - Form 6-K
- 2/14/24 - Form SC
- GSL's page on the SEC website