Killam Apartment REIT (TSE:KMP.UN) Stock to Pay Monthly Dividend of $0.06

Killam Apartment REIT (TSE:KMP.UN) declared a monthly dividend on Friday, October 30th. Shareholders of record on Monday, November 16th will be paid a dividend of $0.06 per share on Monday, November 16th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date of this dividend is Friday, October 30th.

Killam Apartment REIT Stock Performance

Shares of KMP.UN opened at C$17.36 on Wednesday. The firm has a market cap of C$2.08 billion, a price-to-earnings ratio of 258.01 and a beta of 0.79. The company has a quick ratio of 0.03, a current ratio of 0.10 and a debt-to-equity ratio of 82.05. The business’s 50 day moving average is C$17.58 and its two-hundred day moving average is C$17.65. Killam Apartment REIT has a 52-week low of C$15.65 and a 52-week high of C$19.21.

Killam Apartment REIT (TSE:KMP.UN) last released its quarterly earnings results on Wednesday, August 5th. The company reported C$0.53 earnings per share for the quarter. The business had revenue of C$99.16 million during the quarter. Killam Apartment REIT had a net margin of 86.91% and a return on equity of 12.07%. Analysts forecast that Killam Apartment REIT will post 1.29 EPS for the current fiscal year.

Killam Apartment REIT Company Profile

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.