BETHESDA, Md., Sept. 18, 2014 /PRNewswire/ -- Saul Centers,
Inc. (NYSE: BFS) has declared a quarterly dividend of $0.40 per share on its common stock, to be paid
October 31, 2014 to holders of record
on October 17, 2014. The common
dividend is unchanged from the amount paid in the previous quarter,
but represents a $0.04 per share
increase (11.1%) over 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 October 15, 2014 to holders of record on
October 6, 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.