CubeSmart (CUBE) Announces Quarterly Dividend of $0.52 per Share

On May 20, CubeSmart (NYSE:CUBE) declared a quarterly dividend of $0.52 per share, which was in line with its previous dividend.

CubeSmart (CUBE) Announces Quarterly Dividend of $0.52 per Share

CubeSmart (NYSE:CUBE) operates as a self-managed and self-administered real estate investment trust (REIT), with a portfolio of 1,537 self-storage facilities across the U.S.

While its latest quarterly dividend remains unchanged from the previous one, CubeSmart (NYSE:CUBE) has built a strong track record as a reliable dividend payer, having increased its dividend for 16 straight years. In addition, in the past five years, it has raised its dividend at an annual average rate of 9.6%. This consistent growth is supported by its healthy financials, with operating cash flow and free cash flow over the past twelve months totaling $627.2 million and $486.5 million, respectively.

In addition to its strong dividend history, CUBE also supports an attractive dividend yield of 4.79%, as of May 20. The stock will trade ex-dividend on July 1. The stock is up by over 4% in 2025 so far.

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Disclosure. None.