Analyzing CubeSmart's Ex-Dividend Date

CubeSmart CUBE declared a dividend payable on January 15, 2021 to its shareholders as of December 8, 2020. It was also announced that shareholders of CubeSmart's stock as of January 4, 2021 are entitled to the dividend. The stock is expected to become ex-dividend 2 business day(s) before the record date. The ex-dividend date for CubeSmart is set for December 31, 2020. The company's current dividend payout sits at $0.34, equating to a dividend yield of 4.18% at current price levels.

What Is An Ex-Dividend Date?

An ex-dividend date is when a company's shares stop trading with its current dividend payout in preparation for the company to announce a new one. Usually, a company's ex-dividend date falls one business day before its record date. Investors should keep this in mind when purchasing stocks because buying them on or after ex-dividend dates does not qualify them to receive the declared payment. Newly declared dividends go to shareholders who have owned that stock before the ex-dividend date. Most ex-dividend dates operate on a quarterly basis.

Understanding CubeSmart's Dividend Performance

Over the past year, CubeSmart has experienced an overall upward trend regarding its dividend payouts and a downward trend regarding its yields. Last year on December 31, 2019 the company's payout was $0.33, which has since grown by $0.01. CubeSmart's dividend yield last year was 4.32%, which has since decreased by 0.14%.
Companies use dividend yields in different strategic ways. Some companies may opt to not give yields altogether to reinvest in themselves. Other companies may opt to increase or decrease their yield amounts to control how their shares circulate throughout the stock market.

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