BETHESDA, Md., Jan. 17, 2017 /PRNewswire/ -- Saul Centers, Inc. (NYSE: BFS), an equity real
estate investment trust (REIT), announced today the income tax
treatment of its 2016 dividends. The Company declared and
paid four quarterly dividends totaling $1.84 per share of Common Stock during
2016. For tax purposes, 95.1% of the dividends ($1.75 per common share) are characterized as
ordinary income, while 4.9% of the dividends ($0.09 per common share) are characterized as
return of capital. The information will be reported to
shareholders on Form 1099-DIV.
The Company declared and paid four dividends totaling
$1.71875 per depositary share on its
6.875% Series C Preferred Stock during 2016. For tax
purposes, 100.0% of the Preferred Stock dividends are characterized
as ordinary income. The information will be reported to
shareholders on Form 1099-DIV.
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 58 properties which includes (a)
49 community and neighborhood shopping centers and 6 mixed-use
properties with approximately 9.6 million square feet of leasable
area and (b) 3 land and development properties. Approximately 85%
of the Company's property operating income is generated from
properties in the metropolitan Washington, DC/Baltimore area.
More information about Saul
Centers, Inc. is available on the Company's website at
www.SaulCenters.com.
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/saul-centers-inc-announces-tax-treatment-of-2016-dividends-300392293.html
SOURCE Saul Centers, Inc.