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Global Ship Lease Stock: The 8.7% Preferred Dividend Is Well-Covered (NYSE:GSL) - Seeking Alpha

It has been two years since I last discussed the preferred shares issued by Global Ship Lease (NYSE:GSL) and that usually means good news: the only task of a preferred share is to continue to make the preferred dividends on a quarterly basis and Global Ship Lease has definitely done so. In the previous article I argued an investment in the preferred shares was a bet on the company not calling the preferreds for redemption as the preferred shares can be called at any given day. This obviously hasn't happened yet and investors generated an absolute return of almost 20% on these preferred shares.

seekingalpha.com     Jul 22, 2023