Cubesmart stock dividend – CubeSmart Announces 0.49 Cash Dividend

🌥️Dividends Yield

CUBESMART ($NYSE:CUBE): CubeSmart, a leader in self-storage real estate investment trusts, recently announced a 0.49 cash dividend for June 1 2023. This marks the fourth consecutive year that the company has issued a dividend to its shareholders. Those interested in dividend stocks will certainly want to consider CubeSmart for their portfolio. The company has a long history of issuing dividends to its shareholders, with an average dividend yield of 3.83%. Over the past three years, the dividend rate per share has been 1.84 USD, 1.78 USD and 1.45 USD, resulting in dividend yields of 4.28%, 4.04% and 3.17% respectively.

The ex-dividend date is set for June 30 2023, so investors have just one month left to make their decision before it is too late. CubeSmart continues to focus on providing value to its shareholders by rewarding them with a generous dividend that is higher than the industry standard. With an impressive track record of consistent dividends, CubeSmart is certainly a good option for those looking for a dependable dividend stock.

Market Price

Shares of CUBESMART opened at $44.3 on Thursday and closed at $44.3, down by 0.4% from the previous closing price of $44.4. Despite the slight decrease, the company’s stock has been on an upward trend since the start of the year. CUBESMART has made it a priority to pay out dividends to its shareholders, and this announcement is yet another example of their commitment to providing a strong financial return to its investors. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Cubesmart. CubeSmart_Announces_0.49_Cash_Dividend”>More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Cubesmart. CubeSmart_Announces_0.49_Cash_Dividend”>More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Cubesmart. CubeSmart_Announces_0.49_Cash_Dividend”>More…

Key Ratios Snapshot

Some of the financial key ratios for Cubesmart are shown below. CubeSmart_Announces_0.49_Cash_Dividend”>More…

Analysis

As GoodWhale, we conducted an analysis of the financials of CUBESMART and found that based on the Star Chart, this company is classified as a ‘cow’, a type of company with a track record of consistent and sustainable dividends. Investors who are interested in consistent and sustainable dividends may be attracted to this company. Furthermore, CUBESMART has a high health score of 7/10 with regard to its cashflows and debt, suggesting that it is capable to sustain future operations even in times of crisis. Additionally, CUBESMART is strong in its assets, dividends, growth, and profitability, which could further attract investors who are looking for long-term investments. More…

Peers

CubeSmart is in the business of self-storage. Its competitors are LXP Industrial Trust, Terreno Realty Corp, Big Yellow Group PLC.

– LXP Industrial Trust ($NYSE:LXP)

LXP Industrial Trust is a publicly traded real estate investment trust that owns and operates a portfolio of light industrial properties in the United States. The company’s portfolio consists of approximately 26 million square feet of industrial space located in 21 states. LXP Industrial Trust is headquartered in Dallas, Texas.

– Terreno Realty Corp ($NYSE:TRNO)

Terreno Realty Corp is a real estate investment trust that primarily acquires, owns, and operates industrial properties in key logistics markets in the United States. As of December 31, 2020, the company’s portfolio consisted of 106 industrial properties totaling approximately 15.4 million square feet of leasable space.

– Big Yellow Group PLC ($LSE:BYG)

Big Yellow Group PLC is a United Kingdom-based self-storage company. The Company’s self-storage is a form of storage in which goods are stored in a rented space that the customer can access. The Company operates a portfolio of self-storage centres across the United Kingdom.

Summary

CUBESMART is an attractive option for those interested in dividend stocks. Over the past three years, CUBESMART has consistently issued a dividend per share ranging from 1.45 USD to 1.84 USD, providing investors with yields of 3.17% to 4.28%. CUBESMART is a reliable and stable stock with a solid track record of returns, making it a great choice for those looking to invest in dividend stocks.