Monday Is Your Last Chance To Buy Global Ship Lease Before The Dividend Payout

Monday marks the last chance for investors to receive the next dividend payout from Global Ship Lease GSL.

What's Happening

The company announced on Wednesday that it would pay shareholders a quarterly dividend of 37.5 cents per share. On Tuesday, Global Ship Lease will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 37.5 cents lower than it would have opened on any other day.

In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Tuesday. Shareholders who own GSL as of the end of Monday's session are eligible to receive the 37.5 cents dividend payout for every share that they own.

According to the company, this dividend will be paid out to shareholders on June 02, 2023. Investors will then be able to either reinvest those dividends back into the stock or use the payment in some other way.

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