BETHESDA, Md., March 17, 2011 /PRNewswire/ -- Saul Centers, Inc. (NYSE: BFS) has declared a
quarterly dividend of $0.36 per share
on its common stock, to be paid April 29,
2011 to holders of record on April
15, 2011. The amount of the quarterly common dividend
payable is unchanged from the amount paid in the previous quarter
and 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 9%
Series B Cumulative Redeemable Preferred Stock in the amount of
$0.5625 per depositary share.
Both preferred dividends will be paid April 15, 2011 to holders of record on
April 1, 2011.
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 54 operating community and
neighborhood shopping center and office/mixed-use properties
totaling approximately 8.9 million square feet of leasable area.
Approximately 85% 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
www.saulcenters.com.
SOURCE Saul Centers, Inc.