HALIFAX, Feb. 18, 2013 /CNW/ - Killam Properties Inc. (TSX: KMP) is pleased to announce that its Board of Directors has declared a dividend pursuant to Killam's monthly dividend policy. The dividend of $0.04833 per common share will be paid on March 15, 2013 to shareholders of record on February 28, 2013.

Killam Properties Inc. offers a Dividend Reinvestment Plan (the "DRIP"). The DRIP provides eligible shareholders with the opportunity to reinvest their cash dividends, on each dividend payment date, in additional common shares. Participating shareholders will also receive an additional distribution of common shares representing 3% of the amount of the dividend reinvested pursuant to the Plan.

Killam Properties Inc., based in Halifax, Nova Scotia, is one of Canada's largest residential landlords, owning, operating and developing multi-family apartments and manufactured home communities.

Note: The Toronto Stock Exchange has neither approved nor disapproved of the information contained herein.

SOURCE: Killam Properties Inc.