CubeSmart (CUBE) Raises Quarterly Dividend 28.6% to $0.27; 4.3% Yield

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CubeSmart Announces 28.6% Increase in Quarterly Common Dividend

December 15, 2016 4:00 PM EST

MALVERN, PA -- (Marketwired) -- 12/15/16 -- CubeSmart (NYSE: CUBE) announced today that its Board of Trustees declared a quarterly dividend of $0.27 per common share for the period ending December 31, 2016. The dividend is payable on January 17, 2017 to common shareholders of record on January 3, 2017. The quarterly distribution represents an annualized dividend rate of $1.08 per share, a $0.24 per share increase from the previous annual rate of $0.84 per share.

"Our 28.6%... More