If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of CubeSmart is 1.09, which seems too high.
During the past 13 years, the highest Dividend Payout Ratio of CubeSmart was 3.44. The lowest was 1.09. And the median was 1.48.
CubeSmart's Dividends per Share for the
three
months ended in Dec. 2023 was $0.51.
During the past 12 months, CubeSmart's average Dividends Per Share Growth Rate was 11.20% per year.
During the past 3 years, the average Dividends Per Share Growth Rate was 14.20% per year.
During the past 5 years, the average Dividends Per Share Growth Rate was 10.40% per year.
During the past 10 years, the average Dividends Per Share Growth Rate was 14.80% per year.
During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of CubeSmart was 73.50% per year. The lowest was -55.80% per year. And the median was 14.20% per year.
The growth rate is calculated with least square regression.
For more information regarding to dividend, please check our Dividend Page.
CubeSmart Dividend Yield % Historical Data
The historical data trend for CubeSmart's Dividend Yield % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
* Premium members only.
CubeSmart Annual Data
Trend
Dec14
Dec15
Dec16
Dec17
Dec18
Dec19
Dec20
Dec21
Dec22
Dec23
Dividend Yield %
4.10
3.96
2.55
4.18
4.27
CubeSmart Quarterly Data
Mar19
Jun19
Sep19
Dec19
Mar20
Jun20
Sep20
Dec20
Mar21
Jun21
Sep21
Dec21
Mar22
Jun22
Sep22
Dec22
Mar23
Jun23
Sep23
Dec23
Dividend Yield %
4.18
3.98
4.25
5.14
4.27
Competitive Comparison
For the REIT - Industrial subindustry, CubeSmart's Dividend Yield %, along with its competitors' market caps and Dividend Yield % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
CubeSmart Dividend Yield % Distribution
For the REITs industry and Real Estate sector, CubeSmart's Dividend Yield % distribution charts can be found below:
* The bar in red indicates where CubeSmart's Dividend Yield % falls into.
CubeSmart Dividend Yield % Calculation
Dividend Yield measures how much a company pays out in dividends each year relative to its share price.
CubeSmart Recent Full-Year* Dividend History
Amount
Ex-date
Record Date
Pay Date
Type
Frequency
Forex Rate
USD 0.510
2024-03-28
2024-04-01
2024-04-15
Cash Dividend
quarterly
USD:USD 1.000000
USD 0.510
2023-12-29
2024-01-02
2024-01-16
Cash Dividend
quarterly
USD:USD 1.000000
USD 0.490
2023-09-29
2023-10-02
2023-10-16
Cash Dividend
quarterly
USD:USD 1.000000
USD 0.490
2023-06-30
2023-07-03
2023-07-17
Cash Dividend
quarterly
USD:USD 1.000000
* GuruFocus has an internal rule that if the most recent dividend payment frequency is at least 4 times a year, then the full year will be calculated according to the frequency of payment or the one-year time frame, whichever is stricter.
* GuruFocus converts dividend currency to local traded share price currency in order to calculate dividend yield. Please refer to the last column "Forex Rate" in the above table.
CubeSmart's Trailing Annual Dividend Yield (%) for Today is calculated as
Trailing Annual Dividend Yield
=
Most Recent Full Year Dividend
/
Current Share Price
=
2
/
42.05
=
4.76 %
Current Share Price is $42.05.
CubeSmart's Dividends per Share for the trailing twelve months (TTM) ended in Today is $2.
CubeSmart's Forward Annual Dividend Yield (%) for Today is calculated as
Forward Annual Dividend Yield
=
Forward Full Year Dividend
/
Current Share Price
=
2.04
/
42.05
=
4.85 %
Current Share Price is $42.05.
CubeSmart's Dividends per Share for the forward twelve months is calculated as $0.51 * 4 = $2.04.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Over the long term, the return from dividends has been a significant contributor to the total returns produced by equity securities. Studies by Elroy Dimson, Paul Marsh, and Mike Staunton of Princeton University (2002) found that a market-oriented portfolio, which included reinvested dividends, would have generated nearly 85 times the wealth generated by the same portfolio relying solely on capital gains.
Dividends may also qualify a lower tax rate for investors.
In dividends investing, Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.
Thank you for viewing the detailed overview of CubeSmart's Dividend Yield % provided by GuruFocus.com. Please click on the following links to see related term pages.
CubeSmart is a real estate investment trust that acquires, owns, and manages self-storage facilities throughout the United States. The company's real estate portfolio is composed of buildings with numerous enclosed storage areas for both residential and commercial customers to rent mainly on a month-by-month basis. Most of CubeSmart's facilities are located in Florida, Texas, California, New York, and Illinois. Cumulatively, these states account for both the majority of the square footage in the company's real estate portfolio and the majority of its revenue. CubeSmart derives nearly all of its revenue from rental income from tenants utilizing its storage facilities.
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