BETHESDA, Md., June 22, 2017 /PRNewswire/ -- Saul Centers, Inc. (NYSE: BFS) has declared a
quarterly dividend of $0.51 per share
on its common stock, to be paid July 31,
2017 to holders of record on July
17, 2017. The common dividend is consistent with the
amount paid in the previous quarter, and represents a $0.04 (8.5%) increase over the amount paid in the
prior year's comparable quarter.
The Company also declared a quarterly dividend on its 6.875%
Series C Cumulative Redeemable Preferred Stock in the amount of
$0.4296875 per depositary
share. The preferred dividend will be paid July 17, 2017 to holders of record on
July 7, 2017.
Saul Centers is a self-managed,
self-administered equity REIT headquartered in Bethesda, Maryland, which currently operates
and manages a real estate portfolio of 59 properties which includes
(a) 50 community and neighborhood shopping centers and six
mixed-use properties with approximately 9.5 million square feet of
leasable area and (b) three land and development properties.
Approximately 85% of the Saul Centers' property operating income is
generated by properties in the metropolitan Washington, DC/Baltimore area.
More information about Saul
Centers is available on the Company's website at
www.saulcenters.com.
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SOURCE Saul Centers, Inc.