Global Self Storage, Inc. (NASDAQ:SELF) Plans Quarterly Dividend of $0.07

Key Points

• Global Self Storage declared a quarterly dividend of $0.0725 per share, payable September 30 to shareholders of record on September 16. The dividend implies an annualized payout of approximately $0.29 and a 5.4% yield.
• The company reported quarterly EPS of $0.07, exceeding analysts’ $0.06 estimate, while revenue of $3.21 million also topped expectations of $3.15 million.
• Shares recently traded at $5.36, near their 50-day and 200-day moving averages, and Weiss Ratings upgraded the stock from “hold” to “buy”; MarketBeat lists a consensus “Buy” rating.

Global Self Storage, Inc. (NASDAQ:SELF - Get Free Report) declared 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 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 Performance

Shares of SELF traded up $0.10 during trading hours on Wednesday, reaching $5.36. 30,546 shares of the company traded hands, compared to its average volume of 32,083. The stock's fifty day moving average is $5.23 and its 200 day moving average is $5.20. Global Self Storage has a 1-year low of $4.73 and a 1-year high of $5.75. The stock has a market cap of $61.16 million and a P/E ratio of 29.75.

Global Self Storage (NASDAQ:SELF - Get Free Report) last released its quarterly earnings data on Friday, August 7th. The financial services provider reported $0.07 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.06 by $0.01. The business had revenue of $3.21 million for the quarter, compared to analysts' expectations of $3.15 million. Global Self Storage had a return on equity of 4.57% and a net margin of 16.64%.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded shares of Global Self Storage from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Thursday, August 13th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Global Self Storage has a consensus rating of "Buy".

Global Self Storage Company Profile

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.

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