Global Ship Lease (GSL) has released an update.
Global Ship Lease, Inc. has announced a new quarterly supplemental dividend of $0.075 per share, marking a 20% increase for its common shareholders, thanks to the robust performance of the containership charter market. Capitalizing on the stronger-than-expected cash flows from extended time charters, the company plans to share the additional earnings with shareholders for the foreseeable future. CEO Thomas Lister attributes this move to a disciplined capital allocation strategy and expresses confidence in maintaining the supplemental dividend for several quarters ahead.
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