BETHESDA, Md., Jan. 19, 2021 /PRNewswire/ -- Saul Centers,
Inc. (NYSE: BFS), an equity real estate investment trust (REIT),
announced today the income tax treatment of its 2020
dividends. During 2020, the Company declared and paid four
quarterly dividends on its Common Stock totaling $2.12 per share. For tax purposes, 67.3% of
the dividends ($1.43 per common
share) are characterized as ordinary income, while 32.7% of the
dividends ($0.69 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 section 199A dividends.
During 2020, the Company declared and paid the following
dividends on its preferred stock:
- four dividends totaling $1.53125
per depositary share on its 6.125% Series D Preferred Stock;
and
- four dividends totaling $1.50000
per depositary share on its 6.000% Series E Preferred Stock
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
section 199A dividends.
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 that includes (a) 50 community and neighborhood shopping
centers and seven mixed-use properties with approximately 9.8
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, Inc. is available on the Company's website at
www.SaulCenters.com.
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SOURCE Saul Centers, Inc.