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Global Ship Lease Inc (GSL) operates in the container shipping industry.

The company owns and charters out containerships under long-term, fixed-rate charters to container liner companies.

The majority of the company's revenues are derived from charters to MAERSK. As of March 11, 2024, it owned 68 mid-sized and smaller containerships.

The company was founded in 2007 and is based in Athens, Greece.

Three key data points gauge Global Ship Lease or any dividend-paying firm.

The key three are:

(1) Price

(2) Dividends

(3) Returns

Those three keys also best tell whether any company has made, is making, and will make money.

GSL Price

Share price increased about 9.5% in the past year from $20.41 to $22.36, as of Tuesday’s market close.

In the past 3 years, the company’s share price has ranged from $15.19 to $30.12. Its all-time high of $65.04 was reached in August 2007.

If shares trade in the range of $18.00 to $35 this next year, the recent $22.36 share price might grow to $28.00 Of course, GSL shares could also drop about the same $5.64 estimated amount, or more.

My $5.64 price upside estimate is based on the median of one-year target price gains estimated for GSL by three analysts tracking it for brokers.

GSL Dividend

Global Ship Lease has paid variable quarterly dividends since June 2021. The company’s most recent Q dividend of $0.45 was declared on November 11th for shareholders of record prior to November 22nd and the payout was made on December 4th. A forward-looking annual dividend of $1.80 yields 8.05% per Tuesday’s closing price.

GSL Returns

Putting it all together, a $7.44 estimated annual gross gain per share shows up by adding GSL’s annual $1.80 dividend to the estimated $5.64 annual price gain, totaling that $7.44 amount.

A little over $1000 buys 45 shares at Tuesday’s $22.36 share price.

A $10 broker fee (if charged), collected half at purchase and half at sale, might take about $0.222 per share out of the $7.44 gross gain to give us a net gain of $7.218 X 45 shares = $324.81 for about a 32.25% estimated net gain on the year.

Furthermore, the $80.50 annual estimated dividend income from $1k invested in GSL is 3.6 times more than the $22.36 single-share price. By these numbers, GSL may be an ideal industrial dividend dog.

Therefore, you may choose to pounce on Global Ship Lease.  It is an 18-year-old quarterly dividend-paying shipping company with a 4-year dividend record.

The exact track of Global Ship Lease Inc. future price and dividend will entirely be determined by market action and company finances.

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

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