Image Source: Pixabay
 

Founded in 2007 and is based in Athens, Greece. Global Ship Lease Inc. (GSL) and its subsidiaries, own and charter containerships under fixed-rates to container shipping companies worldwide. 

The company was formerly known as Marathon Acquisition Corp and changed its name to Global Ship Lease, Inc. in August 2008.

Three key data points gauge GSL or any dividend paying entity, namely:

(1) Price

(2) Dividends

(3) Returns

Those keys also indicate if any company has made, is making, and will make money.

GSL Price

Global share price increased about 17.5% from $25.98 to $30.53 over the past year per Friday’s market price.

No analysts cover the stock.

However , the average annual price gain in Global Ship shares was $4.82 over the past three years.

GSL Dividends

Global has paid quarterly dividends since August 24, 2015.

The current forward looking annual $2.10 dividend yields 6.88% per Friday’s $30.53 share price.

The next $0.525 quarterly dividend could pay out around December 5th to Shareholders of record before November 20th.

GSL Returns

Putting it all together, a $6.87 estimated gross gain per share shows up when adding Global’s annual $2.10 dividend to most of the estimated $4.82 average annual price gain over the past three years; an amount of $4.77.

A little over $1000 invested at the recent $30.53 share price would buy about 33 shares which, multiply the $6.87 estimated gross gain to $225.02 for the coming year.

Over one third of that $225 gain comes from the $68.80 of annual dividends generated from your $1,000 investment. Besides, the $68.80 annual dividend income from your $1k investment is over 2.25 times greater than the recent $30.53 single-share price.

(A dividend dogcatcher rule is to only buy initial shares of a stock that pay an annual dividend from $1000 invested that is greater than the cost of a single share.)

Therefore, you may choose to pounce on Global Ship Lease Inc to get that current $68.80 annual dividend income that has been paid out over the past 10 years.

The exact track of Global’s future share price and dividends will entirely be determined by market action and company finances.

Remember, the best way to track stock performance and dividend payments is through direct ownership of company shares.

More By This Author:

Stock Analysis: Star Group
Current Report: Manila Electric
Current Report: Edison International