Global Ship Lease Sets $0.546875 Quarterly Dividend on 8.75% Series B Preferred
Global Ship Lease declared a $0.546875 cash dividend per depositary share for its 8.75% Series B perpetual preferred shares, covering Jan 1–Mar 31 and payable April 1 to holders of record on March 25. Each depositary share equals one-hundredth of an underlying share, preserving the 8.75% cumulative yield.
1. Dividend Declaration
The board approved a cash dividend of $0.546875 per depositary share for the period January 1 through March 31, 2026. Payment is scheduled for April 1, 2026, to all Series B preferred shareholders of record on March 25, 2026.
2. Deposit Interest and Yield
Each depositary share represents a one-hundredth interest in a Series B cumulative redeemable perpetual preferred share carrying an 8.75% annual rate. This declaration maintains the fixed preferred yield profile for investors.
3. Fleet and Charter Overview
As of December 31, 2025, the company operated 71 containerships with an average age of 17.9 years, including three vessels acquired in early 2026. The charter portfolio carries a TEU-weighted average remaining term of 2.7 years and contracted revenue of $2.24 billion, rising to $2.77 billion including charterer options.