Saul Centers Declares Quarterly Dividends
May 03 2007 - 6:11PM
PR Newswire (US)
BETHESDA, Md., May 3 /PRNewswire-FirstCall/ -- Saul Centers, Inc.
(NYSE:BFS) has declared a quarterly dividend of $0.44 per share on
its common stock, to be paid July 31, 2007 to holders of record on
July 17, 2007. The common dividend represents a $0.02 per share
increase (4.8%) 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 preferred dividend will be paid
July 13, 2007 to holders of record on June 29, 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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