Safestore Holdings Plc (LON:SAFE) Announces Dividend Increase – GBX 20.40 Per Share

Safestore Holdings Plc (LON:SAFE) announced a dividend on Thursday, January 16th,Upcoming Dividends.Co.Uk reports. Shareholders of record on Thursday, March 13th will be paid a dividend of GBX 20.40 ($0.25) per share on Tuesday, April 15th. This represents a yield of 3.42%. The ex-dividend date of this dividend is Thursday, March 13th. This is an increase from Safestore’s previous dividend of $10.00. The official announcement can be viewed at this link.

Safestore Stock Performance

LON SAFE opened at GBX 624 ($7.59) on Friday. The company has a quick ratio of 0.90, a current ratio of 0.42 and a debt-to-equity ratio of 42.94. The stock has a market cap of £1.36 billion, a price-to-earnings ratio of 515.70, a price-to-earnings-growth ratio of 2.05 and a beta of 0.86. Safestore has a fifty-two week low of GBX 591 ($7.19) and a fifty-two week high of GBX 930 ($11.32). The business has a fifty day moving average of GBX 695.16 and a 200-day moving average of GBX 792.20.

Insider Buying and Selling at Safestore

In other Safestore news, insider Avis Darzins purchased 1,581 shares of Safestore stock in a transaction on Thursday, January 16th. The shares were bought at an average price of GBX 628 ($7.64) per share, with a total value of £9,928.68 ($12,080.16). 2.77% of the stock is owned by insiders.

Safestore Company Profile

Safestore is the UK's largest self storage group with 190 stores on 31 October 2023, comprising 133 wholly owned stores in the UK (including 73 in London and the South East with the remainder in key metropolitan areas such as Manchester, Birmingham, Glasgow, Edinburgh, Liverpool, Sheffield, Leeds, Newcastle, and Bristol), 29 wholly owned stores in the Paris region, 11 stores in Spain, 11 stores in the Netherlands and 6 stores in Belgium.