5 Best Shipping Stocks That Pay Dividends

2. Global Ship Lease, Inc. (NYSE:GSL)

Number Of Hedge Fund Holders: 19

Dividend Yield as of December 14: 8.68%

Global Ship Lease, Inc. (NYSE:GSL), founded in 2007 and based in London, is a leading independent owner of containerships with a diversified fleet of mid-sized and smaller containerships. Global Ship Lease, Inc. (NYSE:GSL)’s dividend yield on December 14  stood at 8.68%,

On November 9, Global Ship Lease, Inc. (NYSE:GSL) declared a quarterly dividend of $0.375 per share. The dividend was paid on December 12, to shareholders of record on November 22.

On August 30, Global Ship Lease, Inc. (NYSE:GSL) announced that it has entered into new multi-year charters with Hapag-Lloyd for six ECO 6,900 TEU ships. These charters are expected to generate average Adjusted EBITDA of approximately $13.1 million per ship, per year; and total Adjusted EBITDA of around $393 million for the six ships over the firm charter period.

According to Insider Monkey’s Q3 data, 19 hedge funds were long Global Ship Lease, Inc. (NYSE:GSL), with collective stakes worth about $115.6 million, compared to 20 funds in the last quarter. Paul Marshall and Ian Wace’s Marshall Wace LLP is the leading shareholder of the company, with 1.57 shares worth over $24.78 million.