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NEW YORK ( TheStreet) -- The ex-dividend date for CubeSmart (NYSE: CUBE) is Tuesday, January 3, 2012. Owners of shares as of market close today will be eligible for a dividend of 8 cents per share. At a price of $10.58 as of 9:30 a.m. ET, the dividend yield is 3%. The average volume for CubeSmart has been 1.3 million shares per day over the past 30 days. CubeSmart has a market cap of $1.29 billion and is part of the financial sector and real estate industry. Shares are up 10.7% year to date as of the close of trading on Thursday. U-Store-It Trust operates as a real estate investment trust (REIT). The company, together with its subsidiaries, engages in the ownership, operation, acquisition, and development of self-storage facilities in the United States. The company has a P/E ratio of 527.5, above the average real estate industry P/E ratio of 105.5 and above the S&P 500 P/E ratio of 17.7.