BETHESDA, Md., Jan. 21, 2020 /PRNewswire/ -- Saul Centers,
Inc. (NYSE: BFS), an equity real estate investment trust (REIT),
announced today the income tax treatment of its 2019
dividends. The Company declared and paid four quarterly
dividends totaling $2.12 per share of
Common Stock during 2019. For tax purposes, 94.4% of the
dividends ($2.00 per common share)
are characterized as ordinary income, while 5.6% of the dividends
($0.12 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.
During 2019, the Company declared and paid the following
dividends on its preferred stock:
- $1.79513 per depositary share on
its 6.875% Series C Preferred Stock comprised of (a) four quarterly
dividends totaling $1.71875 and (b)
one prorated dividend covering the period from October 1, 2019 through (but not including) its
October 17, 2019 redemption
date;
- four dividends totaling $1.53125
per depositary share on its 6.125% Series D Preferred Stock;
and
- one prorated dividend of $0.05833 per depositary share on its 6.000%
Series E Preferred Stock covering the period from its September 17, 2019 issuance date through and
including September 30,
2019.
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 six mixed-use properties with approximately
9.2 million square feet of leasable area and (b) five 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, Inc. is available on the Company's website at
www.SaulCenters.com.
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SOURCE Saul Centers, Inc.