Global Ship Lease (NYSE: GSL) sets cash dividend on 8.75% Series B preferred
Filing Impact
Filing Sentiment
Form Type
6-K
Rhea-AI Filing Summary
Global Ship Lease, Inc. reported that its Board has declared a quarterly cash dividend on its 8.75% Series B Cumulative Redeemable Perpetual Preferred Shares. The dividend is $0.546875 per depositary share, with each depositary share representing a 1/100th interest in a Series B preferred share.
The dividend covers the period from April 1, 2026 to June 30, 2026, will be paid on July 1, 2026, and goes to Series B preferred shareholders of record as of June 24, 2026. The company also highlights a fleet of 71 containerships and long-term contracted charter revenue.
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Key Figures
Quarterly dividend per depositary share: $0.546875 per depositary share
Preferred share coupon: 8.75%
Dividend record date: June 24, 2026
+5 more
8 metrics
Quarterly dividend per depositary share
$0.546875 per depositary share
Series B preferred dividend for April 1–June 30, 2026
Preferred share coupon
8.75%
Series B Cumulative Redeemable Perpetual Preferred Shares rate
Dividend record date
June 24, 2026
Series B preferred shareholders of record date
Dividend payment date
July 1, 2026
Scheduled payment of Series B preferred dividend
Fleet size
71 vessels
Containership fleet as of March 31, 2026
Contracted revenue (company options)
$2.05 billion
To mid-point of redelivery, TEU-weighted, as of March 31, 2026
Contracted revenue (including charterers’ options)
$2.58 billion
Including options under charterers’ control, 3.3-year average term
Average remaining charter term
2.6 years
To mid-point of redelivery on TEU-weighted basis, company options
Key Terms
Cumulative Redeemable Perpetual Preferred Shares, depositary share, contracted revenue, forward-looking statements, +1 more
5 terms
contracted revenue financial
"Contracted revenue on the same basis was $2.05 billion. Contracted revenue was $2.58 billion"
Contracted revenue is the amount of money a business expects to receive because customers have signed binding agreements for goods or services over a set period. For investors it shows how much future cash is already promised, reducing uncertainty about sales — like having customers hand you a schedule of payments in advance — which helps assess growth potential, valuation and risk compared with one-off or uncertain sales.
forward-looking statements regulatory
"This press release contains forward-looking statements. Forward-looking statements provide the Company’s current expectations"
Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.
Risk Factors regulatory
"including the factors described in “Risk Factors” in the Company’s Annual Report on Form 20-F"
Risk factors are elements or conditions that could cause an investment's value to decrease or lead to potential losses. They are like warning signs or obstacles that can affect the success of an investment, making it uncertain or more unpredictable. Recognizing risk factors helps investors understand the possible challenges and make more informed decisions.
FAQ
When is the record date and payment date for GSL’s Series B preferred dividend?
The dividend will be paid on July 1, 2026 to Series B preferred shareholders of record as of June 24, 2026. Holders on the record date are entitled to receive the quarterly cash dividend for the stated April 1 to June 30, 2026 period.
How large is Global Ship Lease’s fleet and what is its contracted revenue?
As of March 31, 2026, Global Ship Lease operated a fleet of 71 containerships with an average age of 18.2 years. Contracted revenue was $2.05 billion to the mid-point of redelivery, or $2.58 billion including options under charterers’ control with a 3.3-year weighted average term.
What is the average remaining charter term for GSL’s fleet?
As of March 31, 2026, the average remaining term of Global Ship Lease charters was 2.6 years on a TEU-weighted basis to the mid-point of redelivery, including options under the company’s control. Including options under charterers’ control, the weighted average remaining term increased to 3.3 years.
What caution does Global Ship Lease give regarding forward-looking statements?
Global Ship Lease explains that forward-looking statements reflect current expectations and may differ materially from actual results. It notes these statements are based on assumptions and subject to risks described in its Form 20-F and later SEC reports, and it undertakes no duty to update them.
