8 Most Profitable Dividend Stocks To Buy Now

5. CubeSmart (NYSE:CUBE)

Net Profit Margin: 36.75%

CubeSmart (NYSE:CUBE) is a Pennsylvania-based real estate investment trust company that invests in self-storage facilities across the US. The company believes that the self-storage fundamentals in 2025 will align with the previous two years, as there is no clear catalyst for a significant acceleration. They view self-storage as a solid long-term business and feel confident in their ability to generate value through the ongoing development of their operating platform, innovative growth opportunities, and robust liquidity position.

In the fourth quarter of 2024, CubeSmart (NYSE:CUBE) reported revenue of $267.7 million, which showed a 0.98% growth from the same period last year. The revenue also beat analysts’ estimates by over $185,000. The company’s same-store net operating income (NOI) for 598 stores decreased by 3.7% compared to the previous year, primarily driven by a 1.6% drop in revenues and a 4.7% increase in operating expenses. The average same-store occupancy rate during the period was 89.6%, ending slightly lower at 89.3%. In addition, the company completed the acquisition of an 85% interest in joint ventures that own 14 stores for $157.3 million, as well as two individual stores for a total of $22.0 million.

CubeSmart (NYSE:CUBE) currently offers a quarterly dividend of $0.52 per share, having raised it by 2% in December 2024. This marked the company’s 16th consecutive year of dividend growth, which makes CUBE one of the most profitable stocks that pay dividends. As of April 6, the stock has a dividend yield of 5.26%.