Saul Centers Declares Quarterly Dividends
September 23 2005 - 5:10PM
PR Newswire (US)
BETHESDA, Md., Sept. 23 /PRNewswire-FirstCall/ -- Saul Centers,
Inc. (NYSE:BFS) has declared a quarterly dividend of $0.42 per
share on its common stock, to be paid October 31, 2005 to holders
of record on October 17, 2005. The dividend represents a $0.02 per
share increase (5.0%) over the prior quarter's dividend and a $0.03
per share increase (7.7%) over the amount paid in the prior year's
comparable quarter. The Company also declared the quarterly
dividend for its 8% Series A Cumulative Redeemable Preferred Stock
in the amount of $0.50 per depositary share. The dividend will be
paid October 14, 2005 to holders of record on October 3, 2005. Saul
Centers is a self-managed, self-administered equity real estate
investment trust headquartered in Bethesda, Maryland. Saul Centers
currently operates and manages a real estate portfolio of 42
community and neighborhood shopping center and office properties
totaling approximately 7.4 million square feet of leasable area.
Over 80% of the Company's cash flow is generated from properties in
the metropolitan Washington, DC/Baltimore area. More information
about Saul Centers is available at it's website at
http://www.saulcenters.com/. DATASOURCE: Saul Centers, Inc.
CONTACT: Scott V. Schneider of Saul Centers, Inc., +1-301-986-6220
Web site: http://www.saulcenters.com/
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