StorageVault Canada Inc. (TSE:SVI) Announces Quarterly Dividend of $0.00

StorageVault Canada Inc. (TSE:SVI) declared a quarterly dividend on Monday, March 31st, TickerTech Dividends reports. Investors of record on Tuesday, April 15th will be given a dividend of 0.0029 per share on Tuesday, April 15th. This represents a $0.01 dividend on an annualized basis and a yield of 0.30%. The ex-dividend date is Monday, March 31st.

StorageVault Canada Price Performance

TSE:SVI traded down C$0.03 on Friday, hitting C$3.93. 642,503 shares of the company’s stock were exchanged, compared to its average volume of 464,104. The company has a market cap of C$1.45 billion, a P/E ratio of -28.60 and a beta of 0.89. The firm has a 50-day moving average price of C$3.87 and a 200-day moving average price of C$4.17. StorageVault Canada has a 52 week low of C$3.55 and a 52 week high of C$5.29.

Insiders Place Their Bets

In other news, insider StorageVault Canada Inc. bought 50,000 shares of the firm’s stock in a transaction on Friday, January 17th. The stock was acquired at an average price of C$3.95 per share, with a total value of C$197,440.00. Insiders own 38.49% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on SVI. Cibc World Mkts upgraded StorageVault Canada to a “hold” rating in a research note on Tuesday, December 17th. Canaccord Genuity Group raised shares of StorageVault Canada from a “hold” rating to a “buy” rating and decreased their target price for the company from C$5.00 to C$4.50 in a research note on Monday, February 24th. Raymond James raised shares of StorageVault Canada from a “hold” rating to a “moderate buy” rating in a research report on Friday, February 21st. CIBC decreased their price objective on shares of StorageVault Canada from C$5.00 to C$4.75 in a research report on Monday, February 24th. Finally, Scotiabank dropped their target price on shares of StorageVault Canada from C$5.50 to C$5.25 in a report on Thursday, January 30th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$5.47.

About StorageVault Canada

StorageVault Canada Inc is engaged in the business of owning, operating, and leasing storage to individual and commercial customers across Canada. The company operates through three segments. Its Self Storage segment consists of renting space at the company’s property for short or long-term storage which also includes space for storing vehicles and use for small commercial operations.