CUBE CubeSmart dividend history, payout ratio & dates
CubeSmart's most recent dividend payment of $0.51 per share was made to shareholders on record before Oct 1, 2024. The payout stands at $2.04 per share annually, which works out to a dividend yield of 4.2%.
Key dates
- CUBE last dividend date: Oct 1, 2024
CUBE dividend stats
vs. Real Estate sector
Dividend yield
CUBE has a dividend yield of 4.2% which is above the industry and its peers average but below the Real Estate sector average. Compared to its Real Estate sector average of 5.99%, CubeSmart's dividend yield is 30% lower. The historical 5-year average of CUBE's dividend yield is 4.0%, which is below the current yield.
Dividend history
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 4.1% for the last year. However since the stock price has gone up by 25% from a year ago, the dividend yield has decreased by 17%.
Recent dividends
| Ex-date | Amount | Yield (TTM) |
|---|---|---|
| Oct 1, 2024 | $0.51 | 3.85% |
| Jul 1, 2024 | $0.51 | 4.62% |
| Mar 28, 2024 | $0.51 | 4.42% |
| Dec 29, 2023 | $0.51 | 4.27% |
| Sep 29, 2023 | $0.49 | 5.14% |
| Jun 30, 2023 | $0.49 | 4.25% |
| Mar 31, 2023 | $0.49 | 3.98% |
| Dec 30, 2022 | $0.49 | 4.42% |
| Sep 30, 2022 | $0.43 | 4.29% |
| Jun 30, 2022 | $0.43 | 3.82% |
| Mar 31, 2022 | $0.43 | 2.96% |
| Dec 31, 2021 | $0.43 | 2.55% |
| Sep 30, 2021 | $0.34 | 2.81% |
| Jun 30, 2021 | $0.34 | 2.91% |
| Mar 31, 2021 | $0.34 | 3.54% |
| Dec 31, 2020 | $0.34 | 3.96% |
| Sep 30, 2020 | $0.33 | 4.09% |
| Jun 30, 2020 | $0.33 | 4.85% |
| Mar 31, 2020 | $0.33 | 4.85% |
| Dec 31, 2019 | $0.33 | 4.1% |
| Sep 30, 2019 | $0.32 | 3.67% |
| Jun 28, 2019 | $0.32 | 3.77% |
| Mar 29, 2019 | $0.32 | 3.87% |
| Dec 31, 2018 | $0.32 | 4.25% |
| Sep 28, 2018 | $0.3 | 4.21% |
| Jun 29, 2018 | $0.3 | 3.63% |
| Mar 29, 2018 | $0.3 | 4.04% |
| Dec 29, 2017 | $0.3 | 3.84% |
| Sep 29, 2017 | $0.27 | 4.16% |
| Jun 29, 2017 | $0.27 | 4.28% |
| Mar 30, 2017 | $0.27 | 3.76% |
| Dec 29, 2016 | $0.27 | 3.4% |
| Sep 29, 2016 | $0.21 | 3% |
| Jun 29, 2016 | $0.21 | 2.58% |
| Mar 30, 2016 | $0.21 | 2.24% |
| Dec 30, 2015 | $0.21 | 2.23% |
| Sep 29, 2015 | $0.16 | 2.37% |
| Jun 29, 2015 | $0.16 | 2.66% |
| Mar 30, 2015 | $0.16 | 2.4% |
CubeSmart dividend payout ratio
Payout ratio
CUBE has a payout ratio of 114% 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 121%, CubeSmart's payout ratio is 6% lower.
Total amount of dividends paid per financial year (from cash flow)
CUBE dividend vs peer dividends
| Name | Dividend yield | DPS | Payout ratio |
|---|---|---|---|
| CCI Crown Castle International Corp | 5.99% | $6.26 | 221.2% |
| CUBE CubeSmart | 4.2% | $2.04 | 114% |
| PSA Public Storage | 3.57% | $12 | 124.1% |
| SHO Sunstone Hotel Investors Inc | 3.14% | $0.32 | 42.1% |
| COR Cencora Inc. | 0.85% | $2.08 | 22.3% |
Frequently asked questions
Does CubeSmart pay a dividend?
Yes, CubeSmart has been paying dividends for the last 19 years.
When was CUBE's last dividend?
CubeSmart's last dividend ex-date was on Oct 1, 2024. The dividend amount was $0.51 per share.
How much dividend does CubeSmart pay (per share)?
CUBE's annualized dividend per share is $2.04.
What is CubeSmart's dividend yield?
CubeSmart's current dividend yield is 4.2%.
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 114%.
Does CubeSmart pay a good dividend?
CubeSmart's dividend yield is below the Real Estate sector average.
Special dividends are included in TTM DPS and yield. Data from 
and Sharadar.