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

Key Points

• Killam Apartment REIT has declared a monthly dividend of $0.06 per share, which will be paid to shareholders on August 15th, representing an annualized dividend of $0.72 and a yield of 3.87%.
• The company's stock opened at C$18.59 and has a market capitalization of C$2.21 billion, with a price-to-earnings ratio of 7.15.
• Analysts at BMO Capital Markets have raised their price objective for Killam Apartment REIT from C$19.50 to C$20.00.

Killam Apartment REIT (TSE:KMP.UN - Get Free Report) declared a monthly dividend on Thursday, July 31st, TickerTech Dividends reports. Stockholders of record on Friday, August 15th will be given a dividend of 0.06 per share on Friday, August 15th. This represents a c) annualized dividend and a dividend yield of 4.0%. The ex-dividend date of this dividend is Thursday, July 31st.

Killam Apartment REIT Stock Performance

TSE:KMP.UN traded down C$0.15 during mid-day trading on Friday, reaching C$18.17. 246,797 shares of the company's stock were exchanged, compared to its average volume of 326,350. Killam Apartment REIT has a one year low of C$15.48 and a one year high of C$21.72. 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 business's fifty day simple moving average is C$19.24 and its two-hundred day simple moving average is C$17.72. The firm has a market capitalization of C$2.16 billion, a PE ratio of 6.99 and a beta of 1.10.

About Killam Apartment REIT

Killam Apartment Real Estate Investment Trust is an open-ended mutual fund trust. The company specializes in the acquisition, management, and development of multi-residential apartment buildings and manufactured home communities (MHC). It has three main operating segments, Apartment segment, MHC segment, and Commercial segments.