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

Global Self Storage, Inc. (NASDAQ:SELF) announced a quarterly dividend on Monday, December 2nd,Wall Street Journal reports. Stockholders 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 5.58%. The ex-dividend date is Monday, December 16th. This is a positive change from Global Self Storage’s previous quarterly dividend of $0.07.

Global Self Storage has increased its dividend payment by an average of 3.7% per year over the last three years.

Global Self Storage Stock Performance

NASDAQ SELF opened at $5.20 on Friday. The firm has a market cap of $58.57 million, a price-to-earnings ratio of 19.30 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. The firm has a 50 day simple moving average of $5.10 and a 200-day simple moving average of $5.04.

Analyst Upgrades and Downgrades

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

Global Self Storage Company Profile

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.