Saul Centers Declares Quarterly Dividends
March 07 2008 - 8:51AM
PR Newswire (US)
BETHESDA, Md., March 7 /PRNewswire-FirstCall/ -- Saul Centers, Inc.
(NYSE:BFS) has declared a quarterly dividend of $0.47 per share on
its common stock, to be paid April 30, 2008 to holders of record on
April 16, 2008. The amount of the common dividend payable is
unchanged from the previous quarter and represents a $0.03 per
share increase (6.8%) over 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 15,
2008 to holders of record on April 4, 2008. 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 48 community and
neighborhood shopping center and office properties totaling
approximately 8.0 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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