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

Global Self Storage, Inc. (NASDAQ:SELF - Get Free Report) declared a quarterly dividend on Monday, June 2nd, Wall Street Journal reports. Investors of record on Monday, June 16th will be paid a dividend of 0.0725 per share by the financial services provider on Monday, June 30th. This represents a $0.29 dividend on an annualized basis and a yield of 5.03%. The ex-dividend date is Monday, June 16th.

Global Self Storage has raised its dividend by an average of 0.7% annually over the last three years.

Global Self Storage Stock Performance

Shares of NASDAQ:SELF traded up $0.06 during trading hours on Friday, reaching $5.76. The stock had a trading volume of 24,211 shares, compared to its average volume of 21,484. Global Self Storage has a 1 year low of $4.60 and a 1 year high of $5.89. The firm's 50 day moving average is $5.28 and its 200-day moving average is $5.19. The stock has a market capitalization of $65.31 million, a price-to-earnings ratio of 21.33 and a beta of 0.03.

Global Self Storage (NASDAQ:SELF - Get Free Report) last posted its earnings results on Friday, May 9th. The financial services provider reported $0.10 EPS for the quarter. Global Self Storage had a return on equity of 6.55% and a net margin of 25.47%. The firm had revenue of $3.13 million for the quarter.

Insider Activity at Global Self Storage

In other Global Self Storage news, CEO Mark Campbell Winmill purchased 10,000 shares of Global Self Storage stock in a transaction that occurred on Monday, May 19th. The stock was purchased at an average price of $5.67 per share, for a total transaction of $56,700.00. Following the transaction, the chief executive officer now directly owns 322,838 shares in the company, valued at $1,830,491.46. This trade represents a 3.20% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 7.97% of the company's stock.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded Global Self Storage from a "hold" rating to a "buy" rating in a research note on Sunday, June 1st.

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.