Global Ship Lease (GSL): One of the Most Underrated Shipping Stocks With High Yield

Global Ship Lease, Inc. (NYSE:GSL) is included among the 10 Best Shipping Stocks with Dividends.

Global Ship Lease (GSL): One of the Most Underrated Shipping Stocks With High Yield

A large cargo ship in a harbor port, teeming with Twenty-Foot Equivalent Units (TEUs).

Global Ship Lease, Inc. (NYSE:GSL) is an American company that owns a fleet of 69 container vessels, which it leases out to shipping operators through long-term, fixed-rate contracts. Its business model is designed to support major shipping firms by offering additional capacity during periods of strong demand.

In recent years, amid increased uncertainty and market challenges, Global Ship Lease, Inc. (NYSE:GSL) took advantage of favorable conditions to expand its fleet by around 50%, acquiring 23 vessels during a buyer’s market. These additions brought in over $1 billion in EBITDA within their first year, largely through lease agreements with major operators like Maersk.

Global Ship Lease, Inc. (NYSE:GSL) has experienced some ups and downs in its dividend history, yet it continues to follow a consistent dividend policy. The company resumed dividend payments in 2021, following a suspension that began in 2016. Currently, it offers a quarterly dividend of $0.525 per share and has a dividend yield of 3.79%, as of July 30.

While we acknowledge the potential of GSL to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than GSL and that has 100x upside potential, check out our report about this cheapest AI stock.

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