In trading on Tuesday, Global Ship Lease, Inc.’s 8.75% Series B Cumulative Redeemable Perpetual Preferred Shares (Symbol: GSL.PRB) yielded over 8%, trading as low as $26.70 with an annualized dividend of $2.1875. This yield surpasses the average of 7.94% for the “Transportation” preferred stock category. GSL.PRB is currently trading at a 10.00% premium to its liquidation preference amount, compared to the category average of 5.27%.
On the same day, GSL.PRB’s shares increased by approximately 0.5%, while the common shares (Symbol: GSL) rose by about 0.3%.
