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 4.17%.
CUBE has a dividend yield of 4.17% which is above the industry and its peers average but below the Real Estate sector average. Compared to its Real Estate sector average of 5.86%, CubeSmart's dividend yield is 29% lower. The historical 5-year average of CUBE's dividend yield is 4.0%, which is similar to 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 4.1% for the last year. However since the stock price has gone up by 32% from a year ago, the dividend yield has decreased by 21%.
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% |
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 122.3%, CubeSmart's payout ratio is 7% lower.
Name | Dividend yield | DPS | Payout ratio |
---|---|---|---|
CCI Crown Castle International Corp | 5.91% | $6.26 | 221.2% |
CUBE CubeSmart | 4.17% | $2.04 | 114% |
PSA Public Storage | 3.54% | $12 | 124.1% |
SHO Sunstone Hotel Investors Inc | 2.96% | $0.32 | 39% |
COR Cencora Inc. | 0.82% | $2.04 | 21.9% |
Yes, CubeSmart has been paying dividends for the last 19 years.
CubeSmart's last dividend ex-date was on Oct 1, 2024. The dividend amount was $0.51 per share.
CUBE's annualized dividend per share is $2.04.
CubeSmart's current dividend yield is 4.17%.
CubeSmart has a quarterly dividend frequency.
CubeSmart's dividend payout ratio is 114%.
CubeSmart's dividend yield is below the Real Estate sector average.
Special dividends are included in TTM DPS and yield. Data from and Sharadar.