Nov. 11 at 9:03 PM
$GSL from the earnings call:
Increased dividend
$2.50 per annum and is up ~66% year over year.
Contract for shipping tonnage are at 100% for the rest of 2025, 96% for 2026, and 74% for 2027. Healthy future earnings.
Aggregate debt interest rate is ~4.5% down from ~6% in 2020. Debt to earnings is down from 8 to about 2.
Management is focused on paying down debt to increase equity, returning cash to shareholders through dividends, keeping cash on hand for potential investments/ capital expenditures, and risk management of downside market cycles.
Seems like a well run company!