CubeSmart Declares Third Quarter 2020 Dividend
CubeSmart (NYSE: CUBE) has declared a quarterly dividend of $0.33 per common share, payable on October 15, 2020, to shareholders of record by October 1, 2020.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Summary
CubeSmart (NYSE: CUBE) has declared a quarterly dividend of $0.33 per common share, payable on October 15, 2020, to shareholders of record by October 1, 2020. This decision reinforces the company’s commitment to returning value to its shareholders while maintaining its position as one of the top three self-storage property operators in the U.S., with a portfolio of 1,250 properties. The dividend highlights CubeSmart’s focus on providing accessible and affordable storage solutions.
Positive
- Quarterly dividend of $0.33 per share signifies strong shareholder return.
- Maintains position as one of the top three self-storage property operators in the U.S.
Negative
- None.
Details
News Market Reaction – CUBE
The recorded move for CUBE in the trading session of this news was +0.21%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
MALVERN, Pa., July 29, 2020 (GLOBE NEWSWIRE) -- CubeSmart (NYSE: CUBE) a self-administered and self-managed real estate investment trust focused on self-storage properties, announced today that its Board of Trustees declared a quarterly dividend of
About the Company
CubeSmart is a self-administered and self-managed real estate investment trust. CubeSmart owns or manages 1,250 self-storage properties across the United States. According to the 2020 Self Storage Almanac, CubeSmart is one of the top three owners and operators of self-storage properties in the U.S.
The Company’s mission is to simplify the organizational and logistical challenges created by the many life events and business needs of its customers – through innovative solutions, unparalleled service, and genuine care. The Company's self-storage properties are designed to offer affordable, easily accessible, and, in most locations, climate-controlled storage space for residential and commercial customers.
For more information about business and personal storage or to learn more about the Company and find a nearby storage facility, visit www.cubesmart.com or call CubeSmart toll free at 800-800-1717.
Company Contact:
CubeSmart
Josh Schutzer
Senior Director, Finance
610-535-5700
FAQ
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