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

StorageVault Canada Inc. (TSE:SVI - Get Free Report) declared a quarterly dividend on Monday, March 31st, TickerTech Dividends reports. Shareholders 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 yield of 0.29%. The ex-dividend date is Monday, March 31st.

StorageVault Canada Price Performance

Shares of StorageVault Canada stock traded down C$0.09 during trading hours on Wednesday, hitting C$3.97. The company's stock had a trading volume of 38,704 shares, compared to its average volume of 449,375. The company has a market capitalization of C$1.46 billion, a PE ratio of -28.89 and a beta of 0.89. The stock has a 50 day moving average of C$3.87 and a 200 day moving average of C$4.14. StorageVault Canada has a 12 month low of C$3.55 and a 12 month high of C$5.29.

Insider Buying and Selling

In other news, insider StorageVault Canada Inc. purchased 50,000 shares of the company's stock in a transaction that occurred on Friday, January 17th. The stock was acquired 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 currently owned by insiders.

Wall Street Analysts Forecast Growth

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