Saul Centers Declares Quarterly Dividends
March 14 2007 - 6:20PM
PR Newswire (US)
BETHESDA, Md., March 14 /PRNewswire-FirstCall/ -- Saul Centers,
Inc. (NYSE:BFS) has declared a quarterly dividend of $0.44 per
share on its common stock, to be paid April 30, 2007 to holders of
record on April 16, 2007. The common dividend represents a $0.02
per share increase (4.8%) over the amount paid in the previous
quarter and 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 preferred dividend will be paid April 13, 2007 to
holders of record on April 3, 2007. 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 47 community and neighborhood shopping
center and office properties totaling approximately 7.9 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
on the Company'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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