Global Ship Lease's Series B Preferred Shares Cross 8% Yield Mark

In trading on Wednesday, shares of Global Ship Lease, Inc.'s 8.75% Series B Cumulative Redeemable Perpetual Preferred Shares (Symbol: GSL.PRB) were yielding above the 8% mark based on its quarterly dividend (annualized to $2.1875), with shares changing hands as low as $27.06 on the day. This compares to an average yield of 7.90% in the "Transportation" preferred stock category, according to Preferred Stock Channel. As of last close, GSL.PRB was trading at a 10.00% premium to its liquidation preference amount, versus the average premium of 6.29% in the "Transportation" category.

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: Free Report: Top 8%+ Dividends (paid monthly)

In Wednesday trading, Global Ship Lease, Inc.'s 8.75% Series B Cumulative Redeemable Perpetual Preferred Shares (Symbol: GSL.PRB) is currently up about 0.7% on the day, while the common shares (Symbol: GSL) are down about 0.6%.

Click here to find out the 50 highest yielding preferreds »

Also see: • SZK Options Chain
• ARE RSI
• LPTX market cap history


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.