|
Reiterates intention to increase dividend by 50% to $0.375 per share
London, Feb. 10, 2022
Global Ship Lease, Inc. (NYSE:GSL) (the "Company") announced today that the Company’s Board of Directors has declared a dividend of $0.25 per Class A common share for the fourth quarter of 2021, to be paid on March 4, 2022 to shareholders of record as of February 22, 2022.
As announced on November 22, 2021, the Company’s Board of Directors intends to increase the quarterly dividend to be paid to common shareholders by 50% to $0.375 per share, with effect from the dividend related to the first quarter of 2022.
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.
As at January 25, 2022, Global Ship Lease owned 65 containerships, ranging from 1,118 to 11,040 TEU with an aggregate capacity of 342,348 TEU. 32 ships are wide-beam Post-Panamax.
Adjusted to include all charters agreed, and ships contracted to be purchased, up to January 25, 2022, the average remaining term of the Company’s charters as at September 30, 2021, to the mid-point of redelivery, including options under the Company’s control and other than if a redelivery notice has been received, was 2.8 years on a TEU-weighted basis.
Contracted revenue on the same basis was $1.89 billion. Contracted revenue was $2.15 billion, including options under charterers’ control and with latest redelivery date, representing a weighted average remaining term of 3.5 years.
Global Ship Lease press release
