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., the dividend yield is 3%.
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.
TheStreet Ratings rates CubeSmart as a hold. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, compelling growth in net income and revenue growth. However, as a counter to these strengths, we find that the company's profit margins have been poor overall. You can view the full CubeSmart Ratings Report. See our dividend calendar or top-yielding stocks list.