On 12/28/12, CubeSmart (CUBE) will trade ex-dividend, for its quarterly dividend of $0.11, payable on 1/15/13. As a percentage of CUBE's recent stock price of $14.64, this dividend works out to approximately 0.75%, so look for shares of CubeSmart to trade 0.75% lower all else being equal when CUBE shares open for trading on 12/28/12.