Global Ship Lease, Inc.
GSLIndustrials · Stock · quarterly payer
Forward Yield
5.89%
Annual Dividend
$2.50
Payout Ratio
23%
5-Yr Growth
—
Ex-Date
Aug 21, 2026
Frequency
Quarterly
Summary
As of August 2026, Global Ship Lease, Inc. (GSL) yields 5.89% ($2.50 per share annually), with a blended fair-value estimate of $66.81 — +57% upside, so it screens as undervalued. Dividend safety grade: C (62/100). 4 years of dividend growth.
Is GSL a good dividend stock?
Yes, with caveatsGlobal Ship Lease, Inc. (GSL) pays a quarterly dividend yielding 5.89% ($2.50/yr), with 4 years of growth and a dividend-safety grade of C. It's a solid income payer, but check the caveats below before buying.
Advantages
- Comfortable payout ratio (23%)
- 110% total price return over 5 years
Risks
- Cut its dividend in 2021
Key Data
- Dividend Yield
- 5.89%
- Payout Ratio
- 23%
- Annual Dividend
- $2.50
- 5-Yr Avg Growth
- —
- Ex-Dividend Date
- Aug 21, 2026
- Years of Growth
- 4
- Frequency
- quarterly
- Beta
- 0.85
- Market Cap
- $1.5B
- P/E Ratio
- 4.1
- 5-Yr Total Return
- 110%
- 52-Week Range
- $27.28 – $44.69
- Dividend Safety
- C · 62/100
- Ever Cut?
- Yes (2021)
Frequently Asked Questions
GSL Price — Last 12 Months
Daily close
Price Return
1 Year
+41%
3 Years
+120%
5 Years
+110%
52-Week Range
$27.28 – $44.69
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is GSL worth?
Undervaluedmedium confidenceOur blended fair-value estimate for Global Ship Lease, Inc. is $66.81 per share, versus a market price of $42.44. That implies 57% of upside — a margin of safety of about 36%.
Fair Value
$66.81
Current Price
$42.44
Upside
+57%
Margin of Safety
36%
How we get there
Discounted cash flow
Discounts projected free cash flow back to today.
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about -10.0% annual free-cash-flow growth. We model -5.0% — below our estimate, leaving room for upside if the business executes.
Assumptions: 8.6% discount rate (CAPM), -5.0% stage-1 growth, 2.5% terminal growth, $10.25 EPS, $2.50 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
GSL Dividend Safety Score
Borderline
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| May 22, 2026 | — | $0.6250 | regular |
| Feb 24, 2026 | — | $0.6250 | regular |
| Nov 21, 2025 | — | $0.6250 | regular |
| Aug 22, 2025 | — | $0.5250 | regular |
| May 23, 2025 | — | $0.5250 | regular |
| Feb 24, 2025 | — | $0.4500 | regular |
| Nov 22, 2024 | — | $0.4500 | regular |
| Aug 23, 2024 | — | $0.4500 | regular |
| May 23, 2024 | — | $0.3750 | regular |
| Feb 21, 2024 | — | $0.3750 | regular |
| Nov 22, 2023 | — | $0.3750 | regular |
| Aug 22, 2023 | — | $0.3750 | regular |
| May 23, 2023 | — | $0.3750 | regular |
| Feb 21, 2023 | — | $0.3750 | regular |
Income Calculator
At $2.50 / yr per share
