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

Key Points

• Global Self Storage, Inc. has announced a quarterly dividend of $0.0725 per share, set to be paid on September 30th to investors recorded by September 16th, which reflects an annualized yield of 5.5%.
• The company's stock experienced a decrease of 1.7%, trading at $5.27 during midday on Wednesday, with an average trading volume of 61,930 shares.
• For the last quarter, Global Self Storage reported earnings of $0.10 per share and revenues of $3.19 million, indicating a net margin of 19.56%.

Global Self Storage, Inc. (NASDAQ:SELF - Get Free Report) announced a quarterly dividend on Tuesday, September 2nd, Wall Street Journal reports. Shareholders of record on Tuesday, September 16th will be paid a dividend of 0.0725 per share by the financial services provider on Tuesday, September 30th. This represents a c) annualized dividend and a yield of 5.6%. The ex-dividend date is Tuesday, September 16th.

Global Self Storage Stock Down 1.9%

Shares of NASDAQ SELF traded down $0.10 on Monday, reaching $5.15. 20,586 shares of the company's stock traded hands, compared to its average volume of 27,555. Global Self Storage has a 12 month low of $4.78 and a 12 month high of $5.89. The business's 50 day simple moving average is $5.27 and its two-hundred day simple moving average is $5.27. The company has a market cap of $58.40 million, a price-to-earnings ratio of 23.41 and a beta of 0.03.

Global Self Storage (NASDAQ:SELF - Get Free Report) last announced its earnings results on Friday, August 8th. The financial services provider reported $0.10 earnings per share for the quarter. Global Self Storage had a net margin of 19.56% and a return on equity of 5.23%. The business had revenue of $3.19 million during the quarter.

Institutional Investors Weigh In On Global Self Storage

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Financial Gravity Companies Inc. purchased a new stake in Global Self Storage in the second quarter worth approximately $34,000. Financial Gravity Asset Management Inc. purchased a new stake in Global Self Storage in the first quarter worth approximately $32,000. Raymond James Financial Inc. purchased a new stake in Global Self Storage in the fourth quarter worth approximately $66,000. PFG Investments LLC purchased a new stake in Global Self Storage in the first quarter worth approximately $103,000. Finally, Ritholtz Wealth Management boosted its holdings in Global Self Storage by 103.4% in the second quarter. Ritholtz Wealth Management now owns 21,852 shares of the financial services provider's stock worth $117,000 after purchasing an additional 11,109 shares during the last quarter. Hedge funds and other institutional investors own 28.88% of the company's stock.

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.