Killam Apartment REIT (TSE:KMP.UN) Announces Monthly Dividend of $0.06

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 paid 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 Up 1.0%

Shares of KMP.UN opened at C$18.26 on Wednesday. The stock has a market capitalization of C$2.23 billion, a PE ratio of -93.50 and a beta of 0.60. Killam Apartment REIT has a 1 year low of C$15.65 and a 1 year high of C$19.80. The company has a debt-to-equity ratio of 82.05, a quick ratio of 0.03 and a current ratio of 0.10. The company’s 50-day simple moving average is C$16.95 and its 200-day simple moving average is C$16.89.

Killam Apartment REIT (TSE:KMP.UN) last posted its quarterly earnings results on Thursday, May 7th. The company reported C$0.41 EPS for the quarter. The business 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%. Analysts forecast that Killam Apartment REIT will post 1.2904074 earnings per share for the current fiscal 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.