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

StorageVault Canada Inc. (TSE:SVI) announced a quarterly dividend on Monday, March 31st, TickerTech Dividends reports. Stockholders 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 dividend yield of 0.30%. The ex-dividend date is Monday, March 31st.

StorageVault Canada Stock Performance

Shares of TSE SVI traded down C$0.03 during mid-day trading on Friday, hitting C$3.93. The stock had a trading volume of 642,503 shares, compared to its average volume of 464,104. The business has a 50 day moving average price of C$3.87 and a two-hundred day moving average price of C$4.17. StorageVault Canada has a 1 year low of C$3.55 and a 1 year high of C$5.29. The firm has a market cap of C$1.45 billion, a P/E ratio of -28.60 and a beta of 0.89.

Analysts Set New Price Targets

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

Insider Activity at StorageVault Canada

In related news, insider StorageVault Canada Inc. acquired 50,000 shares of StorageVault Canada stock in a transaction that occurred on Friday, January 17th. The stock was bought at an average price of C$3.95 per share, with a total value of C$197,440.00. 38.49% of the stock is currently owned by corporate insiders.

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.