Global Self Storage, Inc. (NASDAQ:SELF) Increases Dividend to $0.07 Per Share

Global Self Storage, Inc. (NASDAQ:SELF) declared a quarterly dividend on Thursday, December 5th,Wall Street Journal reports. Shareholders 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 dividend on an annualized basis and a dividend yield of 5.59%. The ex-dividend date of this dividend is Monday, December 16th. This is an increase from Global Self Storage’s previous quarterly dividend of $0.07.

Global Self Storage has raised its dividend by an average of 3.7% annually over the last three years.

Global Self Storage Price Performance

SELF stock traded up $0.08 on Thursday, reaching $5.19. 10,032 shares of the company traded hands, compared to its average volume of 34,695. The firm has a fifty day simple moving average of $5.09 and a 200-day simple moving average of $5.03. The company has a market cap of $58.49 million, a P/E ratio of 18.93 and a beta of 0.26. Global Self Storage has a one year low of $4.01 and a one year high of $5.85.

Analysts Set New Price Targets

Separately, Alliance Global Partners started coverage on Global Self Storage in a report on Friday, October 18th. They set a “buy” rating and a $6.50 price target for the company.

About Global Self Storage

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.