Global Ship Lease, Inc. announced on May 12, 2025, that its Board of Directors declared a cash dividend of $0.525 per Class A common share for the first quarter of 2025. This dividend is scheduled to be paid on June 3, 2025, to shareholders of record as of May 23, 2025.
This declaration marks the first payment at the new increased rate, which was previously announced with the company's fourth-quarter 2024 earnings report. The annualized dividend now stands at $2.10 per common share, representing a 16.7% increase from the prior rate.
The increased dividend reflects the company's strong financial performance and confidence in its future cash flow generation. It underscores Global Ship Lease's commitment to returning capital to shareholders, supported by its robust contracted revenue backlog and disciplined capital allocation strategy.
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