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

Killam Apartment REIT (TSE:KMP.UN) declared a monthly dividend on Friday, July 31st, TickerTech Dividends reports. Stockholders of record on Monday, August 17th will be paid a dividend of 0.06 per share on Monday, August 17th. This represents a c) annualized dividend and a dividend yield of 3.8%. The ex-dividend date is Friday, July 31st.

Killam Apartment REIT Trading Up 1.1%

Shares of Killam Apartment REIT stock opened at C$18.81 on Wednesday. The company has a debt-to-equity ratio of 82.05, a current ratio of 0.10 and a quick ratio of 0.03. The stock’s 50 day simple moving average is C$18.64 and its 200-day simple moving average is C$17.58. The stock has a market cap of C$2.30 billion, a P/E ratio of -96.32 and a beta of 0.79. Killam Apartment REIT has a 1-year low of C$15.65 and a 1-year high of C$19.21.

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. Killam Apartment REIT had a return on equity of 12.07% and a net margin of 86.91%.The firm had revenue of C$96.68 million during the quarter. Analysts predict that Killam Apartment REIT will post 1.2904074 EPS 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.