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CUBE CubeSmart dividend history, payout ratio & dates

CubeSmart's most recent quarterly dividend payment of $0.49 per share was made to shareholders on record before Dec 30, 2022. The payout stands at $1.78 per share annually, which works out to a dividend yield of 3.98%. The latest CUBE stock dividend of $0.49 is an increase from the previous $0.43 distribution, representing a growth of 14%.

Key dates

  • CUBE last dividend date: Dec 30, 2022
  • CUBE next dividend date: Not announced
CUBE dividend stats
DPS
$1.78
Dividend yield
3.98%
Payout ratio
156.1%
vs. Real Estate sector
Dividend yield
5.8%
Payout ratio
102.5%

Dividend yield

What is CubeSmart current dividend yield

CUBE has a dividend yield of 3.98% which is above the industry average but below the Real Estate sector average. Compared to its Real Estate sector average of 5.8%, CubeSmart's dividend yield is 31% lower. The historical 5-year average of CUBE's dividend yield is 3.8%, which is similar to the current yield.

Dividend history

What is CUBE dividend payout history and dates

CubeSmart has been paying dividends for the last 17 years. According to our data CUBE has issued four quarterly dividends in the last twelve months. The annualized DPS has increased by 23% for the last year. And since the stock price has gone down by 12% from a year ago, the dividend yield has increased by 40%.

Recent dividends

Ex-date Payment date Declared on Amount Type
Dec 30, 2022 Jan 17, 2023 Dec 7, 2022 $0.49 normal
Sep 30, 2022 Oct 17, 2022 Jul 26, 2022 $0.43 normal
Jun 30, 2022 Jul 15, 2022 May 17, 2022 $0.43 normal
Mar 31, 2022 Apr 18, 2022 Feb 23, 2022 $0.43 normal
Dec 31, 2021 Jan 18, 2022 Nov 2, 2021 $0.43 normal
Sep 30, 2021 Oct 15, 2021 Jul 27, 2021 $0.34 normal
Jun 30, 2021 Jul 15, 2021 May 12, 2021 $0.34 normal
Mar 31, 2021 Apr 15, 2021 Feb 23, 2021 $0.34 normal
Dec 31, 2020 Jan 15, 2021 Dec 8, 2020 $0.34 normal
Sep 30, 2020 Oct 15, 2020 Jul 29, 2020 $0.33 normal
Jun 30, 2020 Jul 15, 2020 May 12, 2020 $0.33 normal
Mar 31, 2020 Apr 15, 2020 Feb 19, 2020 $0.33 normal
Dec 31, 2019 Jan 15, 2020 Dec 12, 2019 $0.33 normal
Sep 30, 2019 Oct 15, 2019 Jul 23, 2019 $0.32 normal
Jun 28, 2019 Jul 15, 2019 May 14, 2019 $0.32 normal
Mar 29, 2019 Apr 15, 2019 Feb 19, 2019 $0.32 normal
Dec 31, 2018 Jan 15, 2019 Dec 13, 2018 $0.32 normal
Sep 28, 2018 Oct 15, 2018 Aug 7, 2018 $0.3 normal
Jun 29, 2018 Jul 16, 2018 May 30, 2018 $0.3 normal
Mar 29, 2018 Apr 16, 2018 Feb 13, 2018 $0.3 normal
Dec 29, 2017 Jan 16, 2018 Dec 14, 2017 $0.3 normal
Sep 29, 2017 Oct 16, 2017 Jul 25, 2017 $0.27 normal
Jun 29, 2017 Jul 17, 2017 May 31, 2017 $0.27 normal
Mar 30, 2017 Apr 17, 2017 Feb 14, 2017 $0.27 normal
Dec 29, 2016 Jan 17, 2017 Dec 15, 2016 $0.27 normal
Sep 29, 2016 Oct 17, 2016 Aug 2, 2016 $0.21 normal
Jun 29, 2016 Jul 15, 2016 Jun 1, 2016 $0.21 normal
Mar 30, 2016 Apr 15, 2016 Feb 16, 2016 $0.21 normal

CubeSmart dividend payout ratio

What is CubeSmart dividend payout ratio compared to the sector

Payout ratio

CUBE has a payout ratio of 156.1% which is higher than the Real Estate sector and the industry average. In comparison with the Real Estate sector average of 102.5%, CubeSmart's payout ratio is 52% higher.

Total amount of dividends paid per financial year (from cash flow)

CUBE dividend vs peer dividends

How does CUBE dividend compare to its peers' dividends
Name Dividend yield DPS Payout ratio
CCI Crown Castle International Corp 4.09% $5.98 160.2%
CUBE CubeSmart 3.98% $1.78 156.1%
PSA Public Storage 2.67% $8 32.3%

Frequently asked questions

Does CubeSmart pay a dividend?

Yes, CubeSmart has been paying dividends for the last 17 years.

When is CubeSmart's next dividend?

Currently CUBE's next dividend date is unknown, however based on the recent dividend frequency we project that it will likely be in March 2023.

When was CUBE's last dividend?

CubeSmart's last dividend ex-date was on Dec 30, 2022. The dividend amount was $0.49 per share.

How much dividend does CubeSmart pay (per share)?

CUBE's annualized dividend per share is $1.78.

What is CubeSmart's dividend yield?

CubeSmart's current dividend yield is 3.98%.

How often does CubeSmart pay dividends?

CubeSmart has a quarterly dividend frequency.

What is CubeSmart's dividend payout ratio?

CubeSmart's dividend payout ratio is 156.1%.

Does CubeSmart pay a good dividend?

CubeSmart's dividend yield is below the Real Estate sector average.