The board of directors of Canada-based Killam Properties, Inc. has declared a monthly dividend of $0.04833 per common share to be paid on Jan. 15, 2014 to shareholders on record as of Dec. 31, 2013. As 4-traders.com reports, the company offers shareholders the opportunity to reinvest their dividends in additional shares which will give the participant an additional three percent of the amount re-invested. MHProNews understands Halifax, Nova Scotia-based Killam is one of the largest owners of manufactured home communities in Canada with over 9,000 homesites.

(Image credit: Killam Properties, Inc.)