In trading on Friday, shares of Global Ship Lease, Inc.'s 8.75% Series B Cumulative Redeemable Perpetual Preferred Shares (GSL.PRB) were yielding above the 9.5% mark based on its quarterly dividend (annualized to $2.1875), with shares changing hands as low as $23.00 on the day. This compares to an average yield of 6.70% in the "Shipping" preferred stock category, according to Preferred Stock Channel. As of last close, GSL.PRB was trading at a 7.08% discount to its liquidation preference amount, versus the average discount of 12.40% in the "Shipping" category.The chart below shows the one year performance of GSL.PRB shares, versus GSL: 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: In Friday trading, Global Ship Lease, Inc.'s 8.75% Series B Cumulative Redeemable Perpetual Preferred Shares ( GSL.PRB) is currently off about 0.9% on the day, while the common shares ( GSL - Get Report) are up about 4%.
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