BETHESDA, Md., March 12, 2020 /PRNewswire/ -- Saul Centers, Inc. (NYSE: BFS) has declared a
quarterly dividend of $0.53 per share
on its common stock, to be paid on April 30,
2020, to holders of record on April 16, 2020. The
common dividend is the same as the amount paid in the previous
quarter, and the prior year's comparable quarter.
The Company also declared quarterly dividends on (a) its 6.125%
Series D Cumulative Redeemable Preferred Stock, in the amount of
$0.3828125 per depositary share and
(b) its 6.000% Series E Cumulative Redeemable Preferred Stock, in
the amount of $0.3750000 per
depositary share. The preferred dividends will be paid on
April 15, 2020, to holders of record
on April 1, 2020.
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 60 properties which includes (a)
56 community and neighborhood Shopping Centers and Mixed-Use
properties with approximately 9.3 million square feet of leasable
area and (b) four land and development properties. Approximately
85% of the Company's 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.
Statements in this press release that are not strictly
historical are "forward-looking" statements. Forward-looking
statements involve known and unknown risks, which may cause the
Company's actual future results to differ materially from expected
results. These risks include, among others, general economic
conditions, local real estate conditions, changes in interest
rates, increases in operating costs, the preferences and financial
condition of our tenants, the availability of capital, and risks
related to our status as a REIT. Additional information
concerning these and other factors that could cause actual results
to differ materially from those forward-looking statements is
contained from time to time in the Company's Securities and
Exchange Commission ("SEC") filings, including, but not limited to,
the Company's Annual Report on Form 10-K. Copies of each
filing may be obtained from the Company or the SEC. Such
forward-looking statements should be regarded solely as reflections
of the Company's current operating plans and estimates.
Actual operating results may differ materially from what is
expressed or forecast in this press release. The Company
undertakes no obligation to publicly release the results of any
revisions to these forward-looking statements that may be made to
reflect events or circumstances after the date these statements
were made.
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SOURCE Saul Centers, Inc.