Safestore Holdings Plc (LON:SAFE) Raises Dividend to GBX 20.40 Per Share

Safestore Holdings Plc (LON:SAFE) announced a dividend on Thursday, January 16th,Upcoming Dividends.Co.Uk reports. Stockholders of record on Thursday, March 13th will be paid a dividend of GBX 20.40 ($0.25) per share on Tuesday, April 15th. This represents a dividend yield of 3.42%. The ex-dividend date of this dividend is Thursday, March 13th. This is a boost from Safestore’s previous dividend of $10.00. The official announcement can be seen at this link.

Safestore Stock Performance

SAFE opened at GBX 600 ($7.34) on Friday. The company has a quick ratio of 0.90, a current ratio of 0.42 and a debt-to-equity ratio of 42.94. The stock has a market cap of £1.31 billion, a price-to-earnings ratio of 495.87, a PEG ratio of 2.05 and a beta of 0.86. Safestore has a 12-month low of GBX 591 ($7.23) and a 12-month high of GBX 930 ($11.38). The business has a 50 day moving average of GBX 698.67 and a 200-day moving average of GBX 793.37.

Insider Buying and Selling at Safestore

In other news, insider Avis Darzins bought 1,581 shares of the company’s stock in a transaction dated Thursday, January 16th. The stock was bought at an average price of GBX 628 ($7.68) per share, with a total value of £9,928.68 ($12,148.15). Insiders own 2.77% of the company’s stock.

About Safestore

Safestore is the UK's largest self storage group with 190 stores on 31 October 2023, comprising 133 wholly owned stores in the UK (including 73 in London and the South East with the remainder in key metropolitan areas such as Manchester, Birmingham, Glasgow, Edinburgh, Liverpool, Sheffield, Leeds, Newcastle, and Bristol), 29 wholly owned stores in the Paris region, 11 stores in Spain, 11 stores in the Netherlands and 6 stores in Belgium.