Global Ship Lease declares quarterly dividend
GLOBAL Ship Lease has declared a dividend of US$0.375 per Class A common share for the fourth quarter of 2023, reports GlobeNewswire.
The dividend is to be paid on March 6, to shareholders of record as of February 22.
Established in December 2007 and headquartered in the Marshall Islands, Global Ship Lease is a prominent independent owner of containerships, boasting a diverse fleet of mid-sized and smaller containerships.
The company, which went public on the New York Stock Exchange in August 2008, engages in the ownership and chartering out of containerships under fixed-rate charters to leading container liner companies.
As of September 30, 2023, Global Ship Lease possessed 68 containerships ranging from 2,207 to 11,040 TEU, with a combined capacity of 375,406 TEU. Of these, 36 ships are wide-beam postpanamax.
The company's charters, with an average remaining term to the mid-point of redelivery, stood at 2.1 years on a TEU-weighted basis as of September 30.
Contracted revenue on the same basis was $1.81 billion. Including options under charterers' control and the latest redelivery date, contracted revenue amounted to $2.23 billion, reflecting a weighted average remaining term of 2.8 years.
source:Schednet
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