Global Ship Lease (GSL): One of the Most Underrated Shipping Stocks With High Yield

Global Ship Lease, Inc. (NYSE:GSL) is included among the 10 Best Shipping Stocks with Dividends.

Global Ship Lease, Inc. (NYSE:GSL) is an American company that owns a fleet of 69 container vessels, which it leases out to shipping operators through long-term, fixed-rate contracts. Its business model is designed to support major shipping firms by offering additional capacity during periods of strong demand.

In recent years, amid increased uncertainty and market challenges, Global Ship Lease, Inc. (NYSE:GSL) took advantage of favorable conditions to expand its fleet by around 50%, acquiring 23 vessels during a buyer’s market. These additions brought in over $1 billion in EBITDA within their first year, largely through lease agreements with major operators like Maersk.

Global Ship Lease, Inc. (NYSE:GSL) has experienced some ups and downs in its dividend history, yet it continues to follow a consistent dividend policy. The company resumed dividend payments in 2021, following a suspension that began in 2016. Currently, it offers a quarterly dividend of $0.525 per share and has a dividend yield of 3.79%, as of July 30.

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