Global Ship Lease's Dividend Details: Key Information Before the Ex-Dividend Date on May 23, 2025

Global Ship Lease (GSL) has announced a dividend of $0.525 per share, payable on Jun 3, 2025. This dividend is significantly higher than the average of the last ten dividends, which stood at $0.315 per share, and also surpasses the previous dividend of $0.450 paid on Mar 6, 2025. These dividends are in the form of a cash distribution. The ex-dividend date, when stockholders must be on record to receive this dividend, is set for May 23, 2025.

Recently, Global Ship Lease reported substantial progress in its financial performance. For the first quarter of 2025, the company achieved earnings and revenue surprises of 16.74% and 14.73%, respectively, compared to projections. It recorded a profit of $123.4 million, translating to $3.40 per share. This marks a notable increase from the previous year. Additionally, the company added $352 million to its charter backlog by confirming the sale of three vessels. As of late, the company's strategic efforts to lock in forward contract cover for 93% of 2025 days and 75% of 2026 days have contributed to its financial stability. The annualized dividend has been increased to $2.10 per Class A common share, reflecting the company's commitment to returning value to its shareholders.

Over the past week, Global Ship Lease has witnessed a surge in stock value, driven by its impressive first-quarter earnings and a strategic focus on enhancing charter coverage and refinancing activities. Analysts have highlighted the company's agility in responding to market dynamics, with its fleet optimization efforts and refinancing strategies bolstering its financial health. This positive momentum is supported by increased investor confidence, as evidenced by the recent upsizing of its quarterly dividend to $0.525 per share.

Investors should note that the ex-dividend date for Global Ship Lease is on May 23, 2025. This date marks the last opportunity for investors to purchase shares and receive the declared dividend. Any stock purchases made after this date will not be eligible for the current dividend payout.