BETHESDA, Md., Jan. 16, 2019 /PRNewswire/ -- Saul Centers,
Inc. (NYSE: BFS), an equity real estate investment trust (REIT),
announced today the income tax treatment of its 2018
dividends. The Company declared and paid four quarterly
dividends totaling $2.08 per share of
Common Stock during 2018. For tax purposes, 77.3% of the dividends
($1.61 per common share) are
characterized as ordinary income, while 22.7% of the dividends
($0.47 per common share) are
characterized as return of capital. The information will be
reported to shareholders on Form 1099-DIV and the ordinary income
portion will be reported as a section 199A dividend.
The Company declared and paid four dividends totaling
$1.71875 per depositary share on its
6.875% Series C Preferred Stock during 2018. The Company also
declared and paid three dividends totaling $1.05486 per depositary share on its 6.125%
Series D Preferred Stock during 2018, with the April dividend
prorated from its January 23, 2018
issuance date. 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 and
will be reported as a section 199A dividend.
Saul Centers, Inc. is a
self-managed, self-administered equity REIT headquartered in
Bethesda, Maryland, which
currently operates and manages a real estate portfolio of 60
properties which includes (a) 49 community and neighborhood
shopping centers and seven mixed-use properties with approximately
9.3 million square feet of leasable area and (b) four 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, Inc. is available on the Company's website at
www.SaulCenters.com.
View original
content:http://www.prnewswire.com/news-releases/saul-centers-inc-announces-tax-treatment-of-2018-dividends-300779772.html
SOURCE Saul Centers, Inc.