Image Source: Unsplash
 

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

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

The majority of the company's revenues are derived from charters to MAERSK. Its fleet consisted of more than 60 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

Global’s share price increased about 14.5% in the past year from $19.90 to $22.79 as of Monday’s market close.

In the past 5 years the company’s share price has ranged from $2.70 to $30.32, Global’s all-time high, reached June 25th.

Should the company conform to the average of one year price gains over the past 5 years share price could grow $4.21 to $27.00 in the coming year.
 

GSL Dividend

Global Ship Lease  has paid variable quarterly dividends since June 3rd 2021. The company’s most recent Q dividend of $0.45 was declared February 12th for shareholders of record prior to February 24th, and the payout is was made March 6th. A forward looking annual dividend of $1.80 yields 7.90% per Monday’s closing price.
 

GSL Returns

Putting it all together, a $7.01 estimated gross gain per share shows up by adding Global’s annual $1.80 dividend to the estimated $4.21 estimated annual price gain, totaling that $7.01 gross amount.

A little over $1000 buys 44 shares at Friday’s $22.79 share price.

A $10 broker fee (if charged), collected half at purchase and half at sale, might take about $0.23 per share out of the $7.01 gross-gain to give us a $6.78 net amount per share to multiply by 44 shares, to equal $298.32 for about a 30% estimated net gain on the year.

Furthermore, the $79.00 of annual dividend income from $1,000 invested in Global Ship Lease is near 3.5 times greater than the single-share price. By these numbers, Global Ship Lease may be an ideal dividend dog.

Therefore, you may choose to pounce on GSL as a 18 year-old quarterly dividend-paying container ship company with a 5-year dividend record.

The exact track of Global Ship Lease future price and dividend 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:

Current Report: Western Midstream
Current Report: TC Energy
Current Report: Whitecap Resources