StorageVault Canada Inc. (SVI) to Issue Quarterly Dividend of $0.00 on April 15th

StorageVault Canada Inc. (TSE:SVI) declared a quarterly dividend on Monday, March 31st, TickerTech Dividends reports. Stockholders 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 dividend yield of 0.30%. The ex-dividend date is Monday, March 31st.

StorageVault Canada Price Performance

Shares of SVI traded down C$0.03 during mid-day trading on Friday, reaching C$3.93. The stock had a trading volume of 642,503 shares, compared to its average volume of 464,104. StorageVault Canada has a 52-week low of C$3.55 and a 52-week high of C$5.29. 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. The business’s fifty day moving average is C$3.87 and its 200 day moving average is C$4.17.

Insider Activity at StorageVault Canada

In other StorageVault Canada news, insider StorageVault Canada Inc. acquired 50,000 shares of the company’s stock in a transaction dated Friday, January 17th. The shares were acquired 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.

Analysts Set New Price Targets

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