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

Global Ship Lease's 8.75% Series B preferred shares were yielding above 8% based on an annualized dividend of $2.1875, with the stock trading as low as $27.02. The article is primarily a factual yield update on a preferred security rather than a material company event, so the likely market impact is limited.

Analysis

Global Ship Lease's 8.75% Series B preferred shares were yielding above 8% based on an annualized dividend of $2.1875, with the stock trading as low as $27.02. The article is primarily a factual yield update on a preferred security rather than a material company event, so the likely market impact is limited.