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

StorageVault Canada Price Performance

Shares of SVI stock traded down C$0.03 during trading hours on Friday, reaching C$3.93. The company had a trading volume of 642,503 shares, compared to its average volume of 464,104. StorageVault Canada has a 1-year low of C$3.55 and a 1-year high of C$5.29. The company has a 50 day moving average of C$3.87 and a 200 day moving average of C$4.17. The firm has a market cap of C$1.45 billion, a price-to-earnings ratio of -28.60 and a beta of 0.89.

Insider Activity

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

Analyst Ratings Changes

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