BETHESDA, Md., Dec. 9, 2016 /PRNewswire/ -- Saul Centers, Inc. (NYSE: BFS) has declared a quarterly dividend of $0.51 per share on its common stock, to be paid January 31, 2017 to holders of record on January 17, 2017. The common dividend represents a $0.04 (8.5%) increase over the amount paid in the previous quarter. Furthermore, the common dividend represents an $0.08 (18.6%) increase over the amount paid in 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 January 13, 2017 to holders of record on January 6, 2017.
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) 49 community and neighborhood shopping centers and 7 mixed-use properties encompassing approximately 9.6 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.
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/saul-centers-declares-quarterly-dividends-300376079.html
SOURCE Saul Centers, Inc.