BETHESDA, Md., March 15, 2018 /PRNewswire/ -- Saul Centers,
Inc. (NYSE: BFS) has declared a quarterly dividend of $0.52 per share on its common stock, to be paid
on April 30, 2018 to holders of
record on April 16, 2018. The
common dividend is consistent with the amount paid in the previous
quarter, and represents a $0.01
(1.96%) increase over the amount paid in the prior year's
comparable quarter.
The Company also declared (a) a quarterly dividend on its 6.875%
Series C Cumulative Redeemable Preferred Stock in the amount of
$0.4296875 per depositary share and
(b) a dividend on its 6.125% Series D Cumulative Redeemable
Preferred Stock, prorated from its January
23, 2018 issuance date, in the amount of $0.2892361 per depositary share. The
preferred dividends will be paid April 16,
2018 to holders of record on April 2,
2018.
Saul Centers is a self-managed,
self-administered equity REIT headquartered in Bethesda, Maryland, which currently operates
and manages a real estate portfolio of 58 properties that includes
(a) 55 community and neighborhood shopping centers and mixed-use
properties with approximately 9.2 million square feet of leasable
area and (b) three land and development properties. Over 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.