Global Ship Lease Dividends and Buybacks
Dividend criteria checks 4/6
Global Ship Lease is a dividend paying company with a current yield of 8.09% that is well covered by earnings. Next payment date is on 4th December, 2024 with an ex-dividend date of 22nd November, 2024.
Key information
8.1%
Dividend yield
0.7%
Buyback Yield
| Total Shareholder Yield | 8.8% |
| Future Dividend Yield | 8.1% |
| Dividend Growth | 13.5% |
| Next dividend pay date | 04 Dec 24 |
| Ex dividend date | 22 Nov 24 |
| Dividend per share | €1.669 |
| Payout ratio | 18% |
Recent dividend and buyback updates
Recent updates
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: 37H has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: 37H has only been paying a dividend for 9 years, and since then payments have fallen.
Dividend Yield vs Market
| Global Ship Lease Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (37H) | 8.1% |
| Market Bottom 25% (DE) | 1.8% |
| Market Top 25% (DE) | 4.8% |
| Industry Average (Shipping) | 6.2% |
| Analyst forecast (37H) (up to 3 years) | 8.1% |
Notable Dividend: 37H's dividend (8.09%) is higher than the bottom 25% of dividend payers in the German market (1.73%).
High Dividend: 37H's dividend (8.09%) is in the top 25% of dividend payers in the German market (4.82%)
Earnings Payout to Shareholders
Earnings Coverage: With its low payout ratio (18.3%), 37H's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its low cash payout ratio (16%), 37H's dividend payments are well covered by cash flows.