Global Ship Lease: Undervalued, Well-Covered 8% Yield, Long-Term Charters

Summary

  • GSL yields 8.4% with a very conservative 18% payout ratio.
  • Its trailing and forward P/Es are much lower than industry averages.
  • Management locked in charters at high rates - its fleet is 91% covered in 2023.
  • Looking for more investing ideas like this one? Get them exclusively at Hidden Dividend Stocks Plus. Learn More »
Aerial view of freight ship with cargo containers

narvikk

Container shipowners such as Global Ship Lease (NYSE:GSL) have been reaping the benefits of high post-COVID charter rates, putting up big revenue and earnings growth numbers. While those very high rates are expected to subside in 2023, recent rate declines have

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This article was written by

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Robert Hauver, MBA, aka “Double Dividend Stocks” was VP of Finance for an industry-leading corporation for 18 years and has been investing for more than 30 years. He focuses on undercovered and undervalued income vehicles and he leads the investing group Hidden Dividend Stocks Plus.

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Analyst’s Disclosure:I/we have a beneficial long position in the shares of GSL either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Disclaimer: This article was written for informational purposes only, and is not intended as personal investment advice. Please practice due diligence before investing in any investment vehicle mentioned in this article.

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