Killam Apartment REIT (TSE:KMP.UN) to Issue $0.06 Monthly Dividend

Killam Apartment REIT (TSE:KMP.UN) announced a monthly dividend on Friday, May 29th, TickerTech Dividends reports. Stockholders of record on Monday, June 15th will be given a dividend of 0.06 per share on Monday, June 15th. This represents a c) annualized dividend and a dividend yield of 3.9%. The ex-dividend date of this dividend is Friday, May 29th.

Killam Apartment REIT Stock Performance

TSE:KMP.UN opened at C$18.26 on Wednesday. The company has a fifty day moving average of C$16.95 and a 200-day moving average of C$16.89. The firm has a market capitalization of C$2.23 billion, a P/E ratio of -93.50 and a beta of 0.60. The company has a quick ratio of 0.03, a current ratio of 0.10 and a debt-to-equity ratio of 82.05. Killam Apartment REIT has a twelve month low of C$15.65 and a twelve month high of C$19.80.

Killam Apartment REIT (TSE:KMP.UN) last released its quarterly earnings data on Thursday, May 7th. The company reported C$0.41 earnings per share for the quarter. The company had revenue of C$96.68 million during the quarter. Killam Apartment REIT had a net margin of 86.91% and a return on equity of 12.07%. As a group, sell-side analysts anticipate that Killam Apartment REIT will post 1.2904074 EPS for the current year.

About Killam Apartment REIT

Killam Apartment REIT, based in Halifax, Nova Scotia, is one of Canada’s largest residential real estate investment trusts, owning, operating and developing a $5.4 billion portfolio of apartments and manufactured home communities. Killam’s strategy to enhance value and profitability focuses on three priorities: 1) increasing earnings from existing operations, 2) expanding the portfolio and diversifying geographically through accretive acquisitions which target newer properties and through the disposition of non-core assets, and 3) developing high-quality properties in its core markets.