Global Ship Lease (GSL) has given yet another payout on its preferred shares, having declared the 32nd consecutive dividend on them since 2014.

The Ian Webber-led owner of 65 container ships on Wednesday issued a return of $0.546875 per depositary share for this year’s second quarter, each representing a 1% interest in its 8.75% perpetual preferred shares.

The shares, which are also cumulative and redeemable, trade on the New York Stock Exchange as “Series B Preferred Shares” under the ticker symbol GSLPrB.