Global Ship Lease Declares Quarterly Dividend on its 8.75% Series B Cumulative Redeemable Perpetual Preferred Shares
Rhea-AI Summary
Global Ship Lease (NYSE:GSL) declared a cash dividend of $0.546875 per depositary share on its 8.75% Series B cumulative redeemable perpetual preferred shares (NYSE:GSLPrB).
The dividend covers the period Oct 1, 2025–Dec 31, 2025, will be paid on Jan 2, 2026, and applies to holders of record as of Dec 23, 2025. Each depositary share represents a 1/100th interest in one Series B preferred share.
Positive
- $0.546875 dividend per depositary share for Oct 1–Dec 31, 2025
- Dividend payable Jan 2, 2026 to holders of record on Dec 23, 2025
- Dividend applies to Series B preferred via 1/100th depositary shares
Negative
- None.
News Market Reaction
On the day this news was published, GSL declined 1.51%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Market Reality Check
Peers on Argus
Marine shipping peers were mixed: SFL (-1.58%), NMM (-1.94%), DAC (-0.06%) declined, while CCEC (+1.11%) and ECO (+0.14%) rose, suggesting stock-specific factors around GSL’s preferred dividend.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Dec 08 | Preferred dividend | Neutral | -1.5% | Declared quarterly dividend on 8.75% Series B preferred depositary shares. |
| Dec 01 | Fleet acquisition | Positive | +1.6% | Agreed to buy three 8,600 TEU ECO-upgraded containerships with attached charters. |
| Nov 10 | Q3 2025 earnings | Positive | +9.4% | Reported higher revenue, net income, EPS and raised annualized Class A dividend. |
| Oct 29 | Earnings announcement | Neutral | +0.5% | Set date and details for Q3 2025 earnings release and conference call. |
| Oct 15 | Regulatory statement | Neutral | -0.3% | Clarified corporate status and ownership regarding China-specific port fee measures. |
Recent clearly positive catalysts (earnings, fleet expansion) saw aligned price gains, while preferred-share dividend declarations have produced modest, sometimes negative, moves.
Over the last few months, Global Ship Lease reported strong 3Q 2025 results with rising revenue, EPS, and a larger dividend on Class A shares, which coincided with a +9.41% move. It also agreed to acquire three 8,600 TEU vessels for $90M, adding to a fleet that reached 71 vessels. Other updates covered earnings scheduling and a China-related port-fee statement with minimal price impact. Today’s preferred dividend declaration follows several similar Series B announcements during 2025 that historically produced only modest stock reactions.
Market Pulse Summary
This announcement reiterates Global Ship Lease’s routine income commitments by declaring a quarterly dividend of $0.546875 per depositary share on its 8.75% Series B preferred shares for the period through Dec 31, 2025. The payment on Jan 2, 2026 to holders of record on Dec 23, 2025 continues a pattern of regular preferred dividends seen throughout 2025. Investors may watch how this fits alongside common-share dividends, fleet expansion, and earnings trends when assessing overall capital returns.
Key Terms
AI-generated analysis. Not financial advice.
ATHENS, Greece, Dec. 08, 2025 (GLOBE NEWSWIRE) -- Global Ship Lease, Inc. (NYSE:GSL) (the “Company”), a containership owner and lessor, announced today that the Company’s Board of Directors has declared a cash dividend of
About Global Ship Lease
Global Ship Lease is a leading independent owner of containerships with a diversified fleet of mid-sized and smaller containerships. Incorporated in the Marshall Islands, Global Ship Lease commenced operations in December 2007 with a business of owning and chartering out containerships under fixed-rate charters to top tier container liner companies. It was listed on the New York Stock Exchange in August 2008.
Our fleet of 69 vessels as of September 30, 2025 had an average age weighted by TEU capacity of 18.0 years. 39 ships are wide-beam Post-Panamax.
As of September 30, 2025, the average remaining term of the Company’s charters, to the mid-point of redelivery, including options under the Company’s control and other than if a redelivery notice has been received, was 2.5 years on a TEU-weighted basis. Contracted revenue on the same basis was
Forward-Looking Statements
This press release contains forward-looking statements. Forward-looking statements provide the Company’s current expectations or forecasts of future events. Forward-looking statements include statements about the Company’s expectations, beliefs, plans, objectives, intentions, assumptions and other statements that are not historical facts. Words or phrases such as “anticipate,” “believe,” “continue,” “estimate,” “expect,” “intend,” “may,” “ongoing,” “plan,” “potential,” “predict,” “project,” “will” or similar words or phrases, or the negatives of those words or phrases, may identify forward-looking statements, but the absence of these words does not necessarily mean that a statement is not forward-looking. These forward-looking statements are based on assumptions that may be incorrect, and the Company cannot assure you that the events or expectations included in these forward-looking statements will come to pass. Actual results could differ materially from those expressed or implied by the forward-looking statements as a result of various factors, including the factors described in “Risk Factors” in the Company’s Annual Report on Form 20-F and the factors and risks the Company describes in subsequent reports filed from time to time with the U.S. Securities and Exchange Commission. Accordingly, you should not unduly rely on these forward-looking statements, which speak only as of the date of this press release. The Company undertakes no obligation to publicly revise any forward-looking statement to reflect circumstances or events after the date of this press release or to reflect the occurrence of unanticipated events.
Investor and Media Contact:
IGB Group
Bryan Degnan
646-673-9701
or
Leon Berman
212-477-8438
FAQ
What dividend did Global Ship Lease (GSL) declare for its Series B preferred on Dec 8, 2025?
When is the Global Ship Lease (GSL) Series B preferred dividend payable and what is the record date?
How much of a share does one depositary share represent for GSL Series B preferred (GSLPrB)?
Which securities receive the declared dividend from Global Ship Lease on Dec 8, 2025?
What period does the GSL Series B preferred dividend payment cover?
