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

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 annualized dividend and a dividend yield of 0.30%. The ex-dividend date of this dividend is Monday, March 31st.

StorageVault Canada Price Performance

Shares of SVI stock traded down C$0.03 during trading hours on Friday, hitting C$3.93. The stock had a trading volume of 642,503 shares, compared to its average volume of 464,104. StorageVault Canada has a twelve month low of C$3.55 and a twelve month high of C$5.29. The firm has a market capitalization of C$1.45 billion, a PE ratio of -28.60 and a beta of 0.89. The stock’s 50 day moving average is C$3.87 and its 200 day moving average is C$4.17.

Insider Buying and Selling at StorageVault Canada

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

Wall Street Analysts Forecast Growth

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

StorageVault Canada Company Profile

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.