On May 20, CubeSmart (NYSE:CUBE) declared a quarterly dividend of $0.52 per share, which was in line with its previous dividend.CubeSmart (CUBE) Announces Quarterly Dividend of $0.52 per Share

CubeSmart (NYSE:CUBE) operates as a self-managed and self-administered real estate investment trust (REIT), with a portfolio of 1,537 self-storage facilities across the U.S.

While its latest quarterly dividend remains unchanged from the previous one, CubeSmart (NYSE:CUBE) has built a strong track record as a reliable dividend payer, having increased its dividend for 16 straight years. In addition, in the past five years, it has raised its dividend at an annual average rate of 9.6%. This consistent growth is supported by its healthy financials, with operating cash flow and free cash flow over the past twelve months totaling $627.2 million and $486.5 million, respectively.

In addition to its strong dividend history, CUBE also supports an attractive dividend yield of 4.79%, as of May 20. The stock will trade ex-dividend on July 1. The stock is up by over 4% in 2025 so far.

While we acknowledge the potential of CUBE as an investment, our conviction lies in the belief that some deeply undervalued dividend stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. If you are looking for a deeply undervalued dividend stock that is more promising than CUBE but that trades at 10 times its earnings and grows its earnings at double digit rates annually, check out our report about the dirt cheap dividend stock.

READ MORE: 10 Biggest Dividend Cuts and Suspensions of 2024 and 10 Unstoppable Dividend Stocks to Buy Now

Disclosure. None.

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