Killam Apartment REIT (TSE:KMP.UN) announced a monthly dividend on Monday, October 30th, TickerTech reports. Stockholders of record on Wednesday, November 15th will be given a dividend of 0.0517 per share on Wednesday, November 15th. This represents a $0.62 annualized dividend and a dividend yield of Infinity. The ex-dividend date of this dividend is Monday, October 30th.
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Separately, National Bank Financial lifted their price target on Killam Apartment REIT from C$13.75 to C$14.00 and gave the stock an “outperform” rating in a research report on Friday, August 11th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Killam Apartment REIT presently has a consensus rating of “Buy” and an average target price of C$13.66.
Killam Apartment REIT Company Profile
Killam Apartment Real Estate Investment Trust (REIT) is a Canada-based real estate investment trust. The Trust is engaged in owning, operating, managing and developing multi-family residential and manufactured home community (MHC) properties. Its segments include Apartment, MHC and Other. The Apartment segment acquires, operates, manages and develops multi-family residential properties across Canada and it includes building improvements; suite renovations; appliances; boilers and heating equipment; other; equipment; parking lots, and land improvements.
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