Global Self Storage, Inc. (SELF) to Issue Quarterly Dividend of $0.07 on December 30th

Global Self Storage, Inc. (NASDAQ:SELF) announced a quarterly dividend on Monday, December 2nd,Wall Street Journal reports. Investors of record on Monday, December 16th will be paid a dividend of 0.0725 per share by the financial services provider on Monday, December 30th. This represents a $0.29 annualized dividend and a yield of 5.58%. The ex-dividend date of this dividend is Monday, December 16th. This is a boost from Global Self Storage’s previous quarterly dividend of $0.07.

Global Self Storage has increased its dividend by an average of 3.7% per year over the last three years.

Global Self Storage Price Performance

Global Self Storage stock traded up $0.03 during mid-day trading on Friday, hitting $5.20. 15,181 shares of the company’s stock traded hands, compared to its average volume of 34,268. The firm has a 50 day simple moving average of $5.10 and a two-hundred day simple moving average of $5.04. The stock has a market cap of $58.57 million, a price-to-earnings ratio of 19.30 and a beta of 0.26. Global Self Storage has a fifty-two week low of $4.01 and a fifty-two week high of $5.85.

Analyst Upgrades and Downgrades

Separately, Alliance Global Partners assumed coverage on Global Self Storage in a research report on Friday, October 18th. They set a “buy” rating and a $6.50 price objective on the stock.

Global Self Storage Company Profile

Global Self Storage is a self-administered and self-managed REIT that owns, operates, manages, acquires, and redevelops self-storage properties. The company's self-storage properties are designed to offer affordable, easily accessible and secure storage space for residential and commercial customers.