CubeSmart's Board of Trustees declared a quarterly dividend of $0.52 per common share for the period ending December 31, 2024. This represents a 2.0% increase from the previously declared quarterly dividend of $0.51 per common share.
The dividend is payable on January 16, 2025, to common shareholders of record on January 2, 2025. This marks the 15th consecutive annual increase to the company's dividend.
This dividend increase demonstrates CubeSmart's commitment to returning value to shareholders and reflects confidence in its financial stability and future cash flow generation. The consistent annual increases highlight a long-term positive trend for income-focused investors.
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