The board of trustees for self-storage real estate investment trust CubeSmart has declared a quarterly dividend of $0.11 per common share for the period ending June 30. The dividend is payable on July 15 to common shareholders of record on July 1.
The board of trustees also declared a quarterly dividend of $0.484375 for the 7.75 percent Series A Cumulative Redeemable Preferred Shares payable on July 15 to holders of record on July 1.
CubeSmart owns or manages 517 self-storage facilities across the United States and operates the CubeSmart Network, which consists of more than 800 additional self-storage facilities. According to the Inside Self-Storage Top-Operators List, the company is the fourth largest operator of self-storage facilities in the United States.