Pursuant to Killam Property, Inc.’s (TSX:KMP) dividend policy, the board of directors has declared a monthly dividend of $0.05 per common share to be paid on Feb. 17, 2014 to shareholders of record as of Jan. 31, 2014. Based in Halifax, Nova Scotia, Canada, this marks Killam’s first dividend reflecting the 3.4 increase announced this past December, as wsjonline.com reports. The manufactured housing community (MHC) owner’s last dividend was for $0.04833 per share, a story MHProNews reported Dec. 18, 2013. The company offers a dividend reinvestment plan (DRIP) so shareholders may reinvest their dividends. Killam owns and operates MHCs in Canada comprised of 9,000 homesites.

(Photo credit: Killam Properties, Inc.)