StorageVault Unveils Q1 2025 Dividend Update for Shareholders
StorageVault's Quarterly Dividend Announcement
StorageVault Canada Inc. (“StorageVault” or the “Corporation”) (TSX: SVI) has officially announced a quarterly dividend totaling $0.002946 per common share, which will be paid to shareholders soon. This payment is set to occur on April 15, with the record date for eligible shareholders being March 31. This dividend has been classified as an eligible dividend, making it favorable for Canadian income tax purposes.
Understanding the Dividend Details
The upcoming dividend reflects StorageVault’s commitment to rewarding its shareholders while maintaining a healthy capital allocation strategy. This was an essential decision for the company, aimed at building investor confidence and enhancing long-term value creation. With this announcement, shareholders can expect to see a return on their investment, and this move is indicative of the firm’s financial health and growth trajectory.
Shareholder Benefits
Shareholders can look forward to benefits from this dividend, which serves as a tangible reward for their ongoing support of StorageVault. Maintaining a steady dividend policy helps in establishing the company’s reliability as a dividend payer, which can attract and retain investors who value income from their holdings.
About StorageVault Canada Inc.
StorageVault is a leading provider in the storage industry, with an impressive portfolio comprising 251 storage locations throughout the region. The company owns and operates 221 locations, along with managing over 5,000 portable storage units. This amounts to more than 12.6 million rentable square feet across an expansive area of over 728 acres. In addition to self-storage solutions, StorageVault excels in offering last-mile storage and comprehensive logistics services. Their expertise extends to professional records management, providing essential services like document and media storage, imaging, and shredding.
Strategic Growth Initiatives
The company continuously explores avenues for expansion and improvement to enhance its service offerings. By integrating cutting-edge technology and expanding their footprint, StorageVault aims to better serve both residential and commercial clients. As they innovate, they stay committed to excellence, reliability, and efficiency in their operations, positioning themselves as a leader in the competitive storage market.
Contact Information
For additional inquiries regarding this dividend announcement or the company’s operations, interested parties can reach out to the following contacts:
Mr. Steven Scott or Mr. Iqbal Khan
Tel: 1-877-622-0205
Email: ir@storagevaultcanada.com
Follow StorageVault on Social Media
To stay updated on company news and developments, follow StorageVault through various social media platforms. Engage with them on Instagram and Facebook for updates and insights into their services and community engagements.
Frequently Asked Questions
What is the amount of the quarterly dividend announced by StorageVault?
The quarterly dividend announced by StorageVault is $0.002946 per common share.
When will the dividend be paid to shareholders?
The dividend will be payable on April 15 to shareholders who are on record as of March 31.
Why is the dividend classified as an eligible dividend?
This classification is applicable for Canadian income tax purposes, providing potential tax benefits to shareholders.
How many storage locations does StorageVault operate?
StorageVault operates a total of 251 storage locations across Canada.
What additional services does StorageVault provide?
Besides storage solutions, StorageVault also offers last-mile storage, logistics services, document storage, imaging, and shredding services.
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