BETHESDA, Md., March 3, 2016 /PRNewswire/ -- Saul Centers, Inc. (NYSE: BFS) has declared a quarterly dividend of $0.47 per share on its common stock, to be paid April 29, 2016 to holders of record on April 15, 2016. The common dividend represents a $0.04 (9.3%) increase over the amount paid in the previous quarter, and the prior year's comparable quarter.
The Company also declared the quarterly dividend for its 6.875% Series C Cumulative Redeemable Preferred Stock in the amount of $0.4296875 per depositary share. The preferred dividend will be paid April 15, 2016 to holders of record on April 6, 2016.
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 59 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) 3 land and development properties. Approximately 85% of the Company's property operating income is generated from properties in the metropolitan Washington, DC/Baltimore area.
More information about Saul Centers is available on the Company's website at www.saulcenters.com.
SOURCE Saul Centers, Inc.