News Column

Saul Centers Declares Quarterly Dividends

July 5, 2014



By a News Reporter-Staff News Editor at Investment Weekly News -- Saul Centers, Inc. (NYSE: BFS) has declared a quarterly dividend of $0.40 per share on its common stock, to be paid July 31, 2014 to holders of record on July 17, 2014. The common dividend is unchanged from the amount paid in the previous quarter, but represents a $0.04 per share increase (11.1%) over the prior year's comparable quarter.

The Company also declared the quarterly dividends for its 8% Series A Cumulative Redeemable Preferred Stock in the amount of $0.50 per depositary share and 6.875% Series C Cumulative Redeemable Preferred Stock in the amount of $0.4296875 per depositary share. Both preferred dividends will be paid July 15, 2014 to holders of record on July 8, 2014.

Saul Centers is a self-managed, self-administered equity REIT headquartered in Bethesda, Maryland. Saul Centers currently operates and manages a real estate portfolio comprised of 59 properties which includes (a) 56 community and neighborhood shopping centers and mixed-use properties with approximately 9.3 million square feet of leasable area and (b) 3 land and development properties. Over 85% of the Company's property operating income is generated from properties in the metropolitan Washington, DC/Baltimore area.

More information about Saul Centers is available on the Company's website at www.saulcenters.com.

Keywords for this news article include: Saul Centers Inc, Investment and Finance.

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Source: Investment Weekly News


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