BETHESDA, Md., March 4, 2014 /PRNewswire/ -- Saul Centers,
Inc. (NYSE: BFS) has declared a quarterly dividend of $0.40 per share on its common stock, to be paid
April 30, 2014 to holders of record
on April 16, 2014. The common
dividend represents a $0.04 per share
increase (11.1%) over 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 6.875%
Series C Cumulative Redeemable Preferred Stock in the amount of
$0.4296875 per depositary
share. Both preferred dividends will be paid April 15, 2014 to holders of record on
April 4, 2014.
Saul Centers is a self-managed,
self-administered equity REIT headquartered in Bethesda, Maryland. Saul Centers currently operates and manages a
real estate portfolio comprised of 59 properties which includes (a)
56 community and neighborhood shopping centers and mixed-use
properties with approximately 9.3 million square feet of
leasable area and (b) 3 land and development properties. Over
85% of the Company's property operating income 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.