By Adam L. Cataldo
CubeSmart increased its quarterly dividend to 52 cents a share, from 51 cents.
The company said its board of trustees approved the boost, which is the 15th consecutive annual increase in its dividend.
The new payout is equal to $2.12 on an annual basis, and is equivalent to a dividend yield of 4.9% based on Friday's closing share price of $46.27.
Based in Malvern, Pa., real-estate investment trust CubeSmart owns or manages 1,538 self-storage properties across the U.S.
The dividend is payable Jan. 16 to shareholders of record on Jan. 2.
Write to Adam L. Cataldo at adam.cataldo@wsj.com
(END) Dow Jones Newswires
December 13, 2024 17:45 ET (22:45 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.
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