Dividend Increase Killam Properties.

        Killam properties today announced they are increasing their monthly dividend from $0.048333 a share to $0.05 a share ($0.60/ share annually). This represents a 3.45% increase.
       Killam Properties is headquartered in Halifax, Nova Scotia. Killam owns and operates overt 12000 apartment units and over 7400 manufactured home communities in Atlantic Canada and Ontario. The company started in 2002 and now owns 206 properties.
       Killam Properties is not a Real Estate Investment Trust.  They are established as a corporation which means they are taxed at the corporate level and do not have to pay out 90% of their profits to their shareholders. In Canada, the dividend from Killam Properties qualifies for the dividend tax credit. Killam Properties started paying a dividend in 2007.

I currently hold Killam Properties in two accounts.

                                                         In the Halifax Area

Photo Credit: Killam Properties website

Disclosure: Long KMP.TO

DISCLAIMER:

     I am not a financial planner, financial advisor, accountant or tax attorney. The information on this blog represents my own thoughts and opinions and should NOT be taken as investment or business advice.  Every individual should do their due diligence to make their own financial decisions based on their financial situation and tolerance for risk