In trading on Tuesday, shares of Global Ship Lease, Inc.'s 8.75% Series B Cumulative Redeemable Perpetual Preferred Shares (GSL.PRB) were yielding above the 10.5% mark based on its quarterly dividend (annualized to $2.1875), with shares changing hands as low as $20.66 on the day. This compares to an average yield of 7.11% in the "Shipping" preferred stock category, according to Preferred Stock Channel. As of last close, GSL.PRB was trading at a 13.68% discount to its liquidation preference amount, versus the average discount of 15.42% in the "Shipping" category.

The chart below shows the one year performance of GSL.PRB shares, versus GSL:

Performance Comparison Chart

Below is a dividend history chart for GSL.PRB, showing historical dividend payments on Global Ship Lease, Inc.'s 8.75% Series B Cumulative Redeemable Perpetual Preferred Shares:

GSL.PRB+Dividend+History+Chart

In Tuesday trading, Global Ship Lease, Inc.'s 8.75% Series B Cumulative Redeemable Perpetual Preferred Shares ( GSL.PRB) is currently down about 1.8% on the day, while the common shares ( GSL - Get Report) are off about 1.7%.