Saul Centers Holds $0.59 Quarterly Dividend, Declares $0.3828 and $0.375 Preferred Payouts
BFS•Saul Centers declared a $0.59 per share common dividend payable July 31 to holders of record July 15, matching the prior quarter. The REIT also set dividends of $0.3828125 on Series D and $0.375 on Series E depositary shares payable July 15 to holders of record July 1.
1. Common Dividend Declaration
Saul Centers’ board approved a quarterly common dividend of $0.59 per share, unchanged from both the prior quarter and last year’s comparable period. This dividend will be paid on July 31 to shareholders of record as of July 15, reflecting the REIT’s commitment to stable distributions.
2. Preferred Stock Dividends
The company also declared a $0.3828125 quarterly dividend on its 6.125% Series D depositary shares and a $0.375 dividend on its 6.000% Series E depositary shares. Both preferred dividends will be paid on July 15 to holders of record as of July 1.
3. Property Portfolio and Income Concentration
Saul Centers manages a portfolio of 62 properties totaling approximately 10.6 million square feet, including 59 community and neighborhood shopping centers and three development sites. Over 85% of its property operating income is generated in the Washington, DC/Baltimore area, underscoring regional concentration risks and opportunities.
