Global Ship Lease's Series B Preferred Shares Crosses Above 8% Yield Territory

By Preferred Stock Channel Staff, Tuesday, March 19, 2:50 PM ET

Start slideshow:
10 Stocks Where Yields Got More Juicy »

In trading on Tuesday, shares of Global Ship Lease, Inc.'s 8.75% Series B Cumulative Redeemable Perpetual Preferred Shares (NYSE:GSL.PRB) were yielding above the 8% mark based on its quarterly dividend (annualized to $2.1875), with shares changing hands as low as $26.50 on the day. This compares to an average yield of 7.98% in the "Transportation" preferred stock category, according to Preferred Stock Channel. As of last close, GSL.PRB was trading at a 11.16% premium to its liquidation preference amount, versus the average premium of 3.58% in the "Transportation" category.

The chart below shows the one year performance of GSL.PRB shares, versus GSL:

Performance Comparison Chart

Below is a dividend history chart for GSL.PRB, showing historical dividend payments on Global Ship Lease, Inc.'s 8.75% Series B Cumulative Redeemable Perpetual Preferred Shares:

Special Offer: Receive our best dividend ideas directly to your inbox each afternoon with the Dividend Channel Premium Newsletter

In Tuesday trading, Global Ship Lease, Inc.'s 8.75% Series B Cumulative Redeemable Perpetual Preferred Shares (NYSE:GSL.PRB) is currently off about 0.4% on the day, while the common shares (NYSE:GSL) are off about 0.4%.

This Article's Word Cloud: Arial Below Channel Cumulative Dividend Global Juicy Lease More NYSE Newsletter Offer Perpetual Preferred Premium Receive Redeemable Series Shares Ship Special Start Stock Stocks This Transportation Tuesday Where Yields about above according afterLeftLabels afternoon amount annualized average axisColor background based category chart dividend escape fillColor premium shares trading versus with

Global Ship Lease's Series B Preferred Shares Crosses Above 8% Yield Territory

Global Ship Lease's Series B Preferred Shares Crosses Above 8% Yield Territory | www.PreferredStockChannel.com