StorageVault Canada Inc. (TSE:SVI) Increases Dividend to $0.29 Per Share

StorageVault Canada Inc. (TSE:SVI) announced a quarterly dividend on Friday, September 13th, Zacks reports. Stockholders of record on Friday, September 27th will be paid a dividend of 0.292 per share on Tuesday, October 15th. This represents a $1.17 annualized dividend and a dividend yield of 23.08%. The ex-dividend date is Friday, September 27th. This is an increase from StorageVault Canada’s previous quarterly dividend of $0.29.

StorageVault Canada Stock Up 1.6 %

Shares of SVI stock opened at C$5.06 on Friday. The stock’s 50-day moving average price is C$4.75 and its 200 day moving average price is C$4.83. The stock has a market capitalization of C$1.89 billion, a PE ratio of -63.25 and a beta of 0.88. StorageVault Canada has a 52-week low of C$3.83 and a 52-week high of C$5.50.

StorageVault Canada (TSE:SVI) last released its quarterly earnings results on Wednesday, July 24th. The company reported C($0.02) EPS for the quarter, missing the consensus estimate of C$0.06 by C($0.08). StorageVault Canada had a negative return on equity of 14.77% and a negative net margin of 9.49%. The company had revenue of C$74.11 million for the quarter.

Wall Street Analysts Forecast Growth

Separately, National Bank Financial upgraded shares of StorageVault Canada from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 17th.

About StorageVault Canada

StorageVault Canada Inc owns, manages, and rents self-storage and portable storage space to individual and commercial customers in Canada. It operates through three segments: Self Storage, Portable Storage, and Management Division. The company manages various stores owned by third parties; and stores, shreds, and manages documents and records for customers.