Safestore Holdings Plc (LON:SAFE) Raises Dividend to GBX 20.40 Per Share

Safestore Holdings Plc (LON:SAFE - Get Free Report) announced a dividend on Thursday, January 16th,Upcoming Dividends.Co.Uk reports. Investors of record on Thursday, March 13th will be given 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 is Thursday, March 13th. This is a boost from Safestore's previous dividend of $10.00. The official announcement can be seen at this link.

Safestore Price Performance

SAFE stock traded up GBX 27.50 ($0.33) on Friday, hitting GBX 624 ($7.59). 1,141,696 shares of the company's stock traded hands, compared to its average volume of 4,614,064. Safestore has a 1-year low of GBX 591 ($7.19) and a 1-year high of GBX 930 ($11.32). The stock has a market cap of £1.36 billion, a price-to-earnings ratio of 515.70, a P/E/G ratio of 2.05 and a beta of 0.86. The stock has a fifty day moving average of GBX 695.16 and a 200-day moving average of GBX 792.20. The company has a current ratio of 0.42, a quick ratio of 0.90 and a debt-to-equity ratio of 42.94.

Insider Activity at Safestore

In related news, insider Avis Darzins acquired 1,581 shares of the company's stock in a transaction on Thursday, January 16th. The shares were purchased at an average price of GBX 628 ($7.64) per share, for a total transaction 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.