Canada Newswire reports Killam Properties, Inc. of Canada has declared a monthly dividend of $0.04833 per common share to be paid on Sept. 17, 2012 to shareholders of record on Aug. 31, 2012. Killam’s dividend reinvestment plan (DRIP) offers shareholders the opportunity to reinvest their dividends in additional common shares. An additional distribution of common shares representing 3% of the amount of the dividend reinvested will go to participating shareholders, pursuant to the plan. MHProNews has learned that Killam owns and operates over 50 MHCs comprising 7,409 home sites in Canada, as well as a large portfolio of apartments.

(Image credit: Killam Properties, Inc.)