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CubeSmart (CUBE) Dividend Yield, Date & History

CubeSmart logo
$42.66 +0.92 (+2.20%)
(As of 12/20/2024 04:32 PM ET)

CubeSmart Dividend Summary

Dividend Yield
4.88%
Annual Dividend
$2.08
Next
Dividend Payment
Jan. 16
Dividend Increase
Track Record
14 Years
Annualized 3-Year
Dividend Growth
14.18%
Dividend Payout Ratio
117.51%

CubeSmart (CUBE) pays an annual dividend of $2.08 per share, with a dividend yield of 4.88%. The next quarterly payment of $0.52 per share is scheduled for Thursday, January 16, to investors who own the stock before the ex-dividend date of Thursday, January 2. CUBE has grown its dividend for 14 consecutive years, with an average annual increase of 4.52%. The company currently pays out 117.51% of its earnings and 82.35% of its cash flow as dividends.

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CUBE Dividend Payments by Quarter

The chart below displays up to four years of CubeSmart's dividend payment history by quarter. The blue bars represent historical dividend payments, while the gray bars indicate future payments.

CUBE Dividend Yield Over Time

The chart below tracks CubeSmart's dividend yield over the past four years. The line represents changes in yield by quarter, providing a clear view of trends over time.

CubeSmart vs. The Competition

Compare CubeSmart's annual dividend, yield, and 3-year growth rate with averages for Finance and NYSE companies to evaluate its performance against the market.

TypeCubeSmartFinance CompaniesNYSE Companies
Annual Dividend$2.08$0.02$1.39
Dividend Yield4.88%5.66%3.62%
Annualized 3-Year Dividend Growth14.18%12.89%15.78%
Track Record14 years18 years24 years

CubeSmart Dividend Payout Ratio

Dividend payout ratios express the dividend as a percentage of another metric, such as earnings or cash flow, and can be used to assess dividend sustainability.

TypePayout Ratio
Based on Trailing 12 Months of Earnings117.51%
Based on This Year's Estimate79.09%
Based on Next Year's Estimate77.04%
Based on Cashflow82.35%

CubeSmart Dividend History by Quarter

AnnouncedPeriodPaymentPayment ChangeYieldEx-Dividend DateRecord DatePayable Date
12/17/2024quarterly$0.52+$0.01
1.96%
4.5%1/2/20251/2/20251/16/2025
7/23/2024Quarterly$0.51 - 4.33%10/1/202410/1/202410/15/2024
5/21/2024quarterly$0.51 - 4.7%7/1/20247/1/20247/15/2024
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3/18/2024quarterly$0.51 - 4.8%3/28/20244/1/20244/15/2024
12/7/2023quarterly$0.51+$0.02
4.08%
4.6%12/29/20231/2/20241/16/2024
7/25/2023quarterly$0.49 - 4.4%9/29/202310/2/202310/16/2023
5/16/2023Quarterly$0.49 - 4.32%6/30/20237/3/20237/17/2023
2/22/2023Quarterly$0.49 - 4.44%3/31/20234/3/20234/17/2023

This table shows CubeSmart's quarterlydividend history, including payout amounts, yield, dividend changes, and key dates. Use the date filter to explore data as far back as 2013 to analyze trends over time.

CubeSmart Dividend - Frequently Asked Questions

The current dividend yield for CubeSmart is 4.88%. Learn more on CUBE's dividend yield history.

The annual dividend for CUBE shares is $2.08. Learn more on CUBE's annual dividend history.

CubeSmart pays quarterly dividends to shareholders.

CubeSmart's next quarterly dividend payment of $0.52 per share will be made to shareholders on Thursday, January 16, 2025.

CubeSmart's most recent quarterly dividend payment of $0.51 per share was made to shareholders on Tuesday, October 15, 2024.

CubeSmart's next ex-dividend date is Thursday, January 2, 2025.

CubeSmart's most recent ex-dividend date was Tuesday, October 1, 2024.

Over the past three years, the company's dividend has grown by an average of 14.18% per year.

CubeSmart has increased its dividend for the past 14 consecutive years.

The most recent change in the company's dividend was an increase of $0.01 on Tuesday, December 17, 2024.

The dividend payout ratio for CUBE is:
  • 117.51% based on the trailing year of earnings
  • 79.09% based on this year's estimates
  • 77.04% based on next year's estimates
  • 82.35% based on cash flow

CubeSmart's dividend yield of 4.89% is lower than the average Finance company that issues a dividend. The company's 14 consecutive years of dividend growth indicate that the company has a strong committment to maintain and grow its dividend. CubeSmart's dividend payout ratio of 117.51% may not be sustainable.

Looking at the stock as a whole, market analysts rate CubeSmart stock as a Hold, forecasting limited upside or downside, with the stock seen as fairly valued at this time.


This page (NYSE:CUBE) was last updated on 12/22/2024 by MarketBeat.com Staff
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