StorageVault Canada Inc. Declares Q3 Dividend for Investors

StorageVault Canada Inc. Declares Dividend for Shareholders

StorageVault Canada Inc. has made an important announcement regarding its financial strategy and communal engagement. The company has declared a quarterly dividend of $0.002917 for each common share, a significant move that showcases its dedication to creating value for its shareholders. This payment is scheduled for distribution on October 15, following a record date of September 27. This indicates a well-planned effort by the corporation to manage cash flow while rewarding its investors.

What You Need to Know About the Dividend

This declared dividend has been classified as an “eligible dividend” for Canadian income tax purposes, which is a noteworthy detail for shareholders looking to navigate the tax implications of their investments. Understanding the classification of dividends can significantly impact investors' tactical decision-making and financial planning.

Why Such Dividends Matter

Dividends are a vital component of a company's strategy to enhance shareholder value. They provide a return on investment that can be particularly attractive in uncertain market conditions. With ongoing economic fluctuations, stakeholders appreciate consistent dividends as affirmations of stability and confidence from the management. StorageVault's calculated approach to dividend payments underscores its operational strength and financial resilience.

Overview of StorageVault Canada Inc.

StorageVault Canada Inc. operates a substantial network of storage facilities throughout the country. With ownership of 249 locations, including 218 facilities, the corporation possesses an impressive portfolio that covers more than 12 million rentable square feet on roughly 700 acres of land. This extensive structure is designed to cater to diverse storage demands, from standard archiving to specialized logistics and last-mile solutions.

Services Offered by StorageVault

The company's services extend beyond traditional storage solutions. StorageVault offers a variety of professional records management services, emphasizing secure document and media storage, imaging, and shredding services. These offerings align with current consumer and business needs for comprehensive storage and logistics solutions.

Contact Information for Inquiries

For shareholders and potential investors seeking further insight or clarification regarding dividends or corporate strategies, StorageVault provides direct contact information. Interested parties can connect with Mr. Steven Scott or Mr. Iqbal Khan at 1-877-622-0205 or via email at ir@storagevaultcanada.com.

How to Follow StorageVault’s News

The company encourages its stakeholders to stay connected through various social media platforms. By following their accounts on Instagram and Facebook, investors can receive real-time updates on corporate developments, initiatives, and community engagements, which are crucial for staying informed.

Frequently Asked Questions

1. What is the amount of the dividend declared by StorageVault?

The declared dividend is $0.002917 per common share.

2. When will the dividend be paid?

The dividend is scheduled to be paid on October 15.

3. What does “eligible dividend” mean for investors?

An “eligible dividend” refers to dividends that may be taxed at a lower rate for individual shareholders in Canada.

4. How many storage locations does StorageVault operate?

StorageVault operates 249 storage locations throughout Canada.

5. Where can investors contact StorageVault for more information?

Investors can contact StorageVault at 1-877-622-0205 or through email at ir@storagevaultcanada.com.

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