Global Self Storage, Inc. (NASDAQ:SELF) to Issue $0.07 Quarterly Dividend

Global Self Storage, Inc. (NASDAQ:SELF) announced a quarterly dividend on Tuesday, September 1st. Investors of record on Wednesday, September 16th will be given a dividend of 0.0725 per share by the financial services provider on Wednesday, September 30th. This represents a c) annualized dividend and a yield of 5.4%. The ex-dividend date of this dividend is Wednesday, September 16th.

Global Self Storage has raised its dividend payment by an average of 0.0%annually over the last three years.

Global Self Storage Stock Up 2.4%

NASDAQ:SELF traded up $0.12 during trading hours on Wednesday, hitting $5.38. 411 shares of the company’s stock traded hands, compared to its average volume of 27,138. Global Self Storage has a 52 week low of $4.73 and a 52 week high of $5.75. The business’s fifty day simple moving average is $5.23 and its two-hundred day simple moving average is $5.20. The firm has a market cap of $61.39 million and a P/E ratio of 29.86.

Global Self Storage (NASDAQ:SELF) last announced its earnings results on Friday, August 7th. The financial services provider reported $0.07 earnings per share for the quarter, topping analysts’ consensus estimates of $0.06 by $0.01. The business had revenue of $3.21 million for the quarter, compared to analyst estimates of $3.15 million. Global Self Storage had a return on equity of 4.57% and a net margin of 16.64%.

About Global Self Storage

Global Self Storage, Inc (NASDAQ: SELF) is a publicly traded real estate investment trust (REIT) specializing in the ownership, operation and acquisition of self storage properties across the United States. Headquartered in Denver, Colorado, the company focuses on delivering storage solutions tailored to both personal and commercial customers. Since its formation in 2012, Global Self Storage has built a diversified portfolio designed to meet a range of storage needs—from climate-controlled units to vehicle and business storage options.

The company’s primary business activities include the development of new facilities, the strategic acquisition of existing properties and the repositioning of underperforming assets.