Global Self Storage Coping with Challenges: Bouncing Back with Steady Distribution and Decreasing Investor Rewards
Investors eagerly anticipate the dividend payout from Global Self Storage (NASDAQ:SELF) on December 28, 2023. With a payout of $0.07 per share and an annualized dividend yield of 6.33%, this reward is exclusively for shareholders who held the stock before the ex-dividend date on December 14, 2023
Global Self Storage Recent Dividend Payouts
| Ex-Date | Payments per year | Dividend | Yield | Announced | Record | Payable |
|---|---|---|---|---|---|---|
| 2023-12-14 | 4 | $0.07 | 6.33% | 2023-12-01 | 2023-12-15 | 2023-12-28 |
| 2023-09-15 | 4 | $0.07 | 5.85% | 2023-09-01 | 2023-09-18 | 2023-09-29 |
| 2023-06-14 | 4 | $0.07 | 5.82% | 2023-06-01 | 2023-06-15 | 2023-06-30 |
| 2023-03-14 | 4 | $0.07 | 5.13% | 2023-03-01 | 2023-03-15 | 2023-03-31 |
| 2022-12-14 | 4 | $0.07 | 5.69% | 2022-12-01 | 2022-12-15 | 2022-12-29 |
| 2022-09-15 | 4 | $0.07 | 5.23% | 2022-08-02 | 2022-09-16 | 2022-09-30 |
| 2022-06-14 | 4 | $0.07 | 4.41% | 2022-06-01 | 2022-06-15 | 2022-06-30 |
| 2022-03-14 | 4 | $0.07 | 4.56% | 2022-03-01 | 2022-03-15 | 2022-03-31 |
| 2021-12-14 | 4 | $0.07 | 4.85% | 2021-12-01 | 2021-12-15 | 2021-12-30 |
| 2021-09-14 | 4 | $0.07 | 4.79% | 2021-09-01 | 2021-09-15 | 2021-09-30 |
| 2021-06-14 | 4 | $0.07 | 4.74% | 2021-06-01 | 2021-06-15 | 2021-06-30 |
| 2021-03-12 | 4 | $0.07 | 5.9% | 2021-03-01 | 2021-03-15 | 2021-03-31 |
When comparing Global Self Storage's dividend yield against its industry peers, the company sits comfortably in the middle, with its peer Uniti Group (NASDAQ:UNIT) having the highest annualized dividend yield at 10.31%.
Analyzing Global Self Storage Financial Health
Companies that pay out steady cash dividends are attractive to income-seeking investors, and companies that are financially healthy tend to maintain their dividend payout schedule. For this reason, investors can find it insightful to see if a company has been increasing or decreasing their dividend payout schedule and if their earnings are growing.
YoY Growth in Dividend Per Share
Investors witnessed an upward trajectory in the company's dividend per share between 2019 and 2022. The dividend per share rose from $0.26 to $0.28, indicating the company's dedication to enhancing shareholder value through increased dividends.
YoY Earnings Growth For Global Self Storage
The earnings chart above shows that from 2019 to 2022, Global Self Storage has experienced an increase in their earnings from $0.17 per share to $0.43 per share. This positive earnings trend is promising for income-seeking investors as it suggests that the company has more potential to increase its cash dividend payout if the trend continues.
Recap
This article provides an in-depth analysis of Global Self Storage's recent dividend distribution and the impact it has on shareholders. The company is currently distributing a dividend of $0.07 per share, resulting in an annualized dividend yield of 6.33%.
When comparing Global Self Storage's dividend yield against its industry peers, the company sits comfortably in the middle, with its peer Uniti Group having the highest annualized dividend yield at 10.31%.
With an increase in dividend per share and earnings per share from 2019 to 2022, Global Self Storage demonstrates a healthy financial status and is likely to maintain their dividend distribution to investors.
Keeping a close watch on the company's performance in the coming quarters will enable investors to stay abreast of any modifications in financials or dividend disbursements.
[Track real-time stock fluctuations for Global Self Storage on Benzinga.](https://www.benzinga.com/quote/Global Self Storage (NASDAQ: SELF))
This article was generated by Benzinga's automated content engine and reviewed by an editor.