CubeSmart's most recent quarterly dividend payment of $0.51 per share was made to shareholders on record before Mar 28, 2024. The payout stands at $2 per share annually, which works out to a dividend yield of 4.75%.
CUBE has a dividend yield of 4.75% which is above the industry and its peers average but below the Real Estate sector average. Compared to its Real Estate sector average of 6.37%, CubeSmart's dividend yield is 25% lower. The historical 5-year average of CUBE's dividend yield is 3.9%, which is below the current yield.
CubeSmart has been paying dividends for the last 19 years. According to our data CUBE has issued four quarterly dividends in the last twelve months. The annualized DPS has increased by 9% for the last year. And since the stock price has gone down by 9% from a year ago, the dividend yield has increased by 20%.
| Ex-date | Payment date | Declared on | Amount | Type |
|---|---|---|---|---|
| Mar 28, 2024 | Apr 15, 2024 | Mar 18, 2024 | $0.51 | normal |
| Dec 29, 2023 | Jan 16, 2024 | Dec 7, 2023 | $0.51 | normal |
| Sep 29, 2023 | Oct 16, 2023 | Jul 25, 2023 | $0.49 | normal |
| Jun 30, 2023 | Jul 17, 2023 | May 16, 2023 | $0.49 | normal |
| Mar 31, 2023 | Apr 17, 2023 | Feb 22, 2023 | $0.49 | normal |
| 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 |
CUBE has a payout ratio of 109.9% which is higher than its peers average but lower than the Real Estate sector and the industry average. In comparison with the Real Estate sector average of 138.1%, CubeSmart's payout ratio is 20% lower.
| Name | Dividend yield | DPS | Payout ratio |
|---|---|---|---|
| CCI Crown Castle International Corp | 6.64% | $6.26 | 180.9% |
| CUBE CubeSmart | 4.83% | $2 | 109.9% |
| PSA Public Storage | 4.64% | $12 | 108% |
| COR Cencora Inc. | 0.83% | $1.99 | 21.4% |
Yes, CubeSmart has been paying dividends for the last 19 years.
Currently CUBE's next dividend date is unknown, however based on the recent dividend frequency we project that it will likely be in June 2024.
CubeSmart's last dividend ex-date was on Mar 28, 2024. The dividend amount was $0.51 per share.
CUBE's annualized dividend per share is $2.
CubeSmart's current dividend yield is 4.75%.
CubeSmart has a quarterly dividend frequency.
CubeSmart's dividend payout ratio is 109.9%.
CubeSmart's dividend yield is below the Real Estate sector average.