Saul Centers Inc (BFS) Announces Dividend Increase – $0.52 Per Share

Saul Centers Inc (NYSE:BFS) announced a quarterly dividend on Thursday, December 7th, Zacks reports. Investors of record on Wednesday, January 17th will be paid a dividend of 0.52 per share by the real estate investment trust on Wednesday, January 31st. This represents a $2.08 dividend on an annualized basis and a yield of 3.60%. The ex-dividend date is Tuesday, January 16th. This is a positive change from Saul Centers’s previous quarterly dividend of $0.51.

Saul Centers has increased its dividend payment by an average of 9.4% per year over the last three years and has increased its dividend annually for the last 4 consecutive years. Saul Centers has a payout ratio of 64.8% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Saul Centers to earn $3.28 per share next year, which means the company should continue to be able to cover its $2.08 annual dividend with an expected future payout ratio of 63.4%.

Shares of Saul Centers (BFS) traded up $0.06 on Thursday, hitting $57.71. 34,400 shares of the company’s stock were exchanged, compared to its average volume of 27,457. The firm has a market cap of $1,288.60, a price-to-earnings ratio of 35.41, a PEG ratio of 3.58 and a beta of 0.72. Saul Centers has a 52 week low of $55.86 and a 52 week high of $66.14. The company has a debt-to-equity ratio of 4.62, a quick ratio of 2.68 and a current ratio of 2.68.

A number of equities analysts have weighed in on BFS shares. Zacks Investment Research upgraded shares of Saul Centers from a “sell” rating to a “hold” rating in a report on Thursday, November 30th. Raymond James Financial reiterated a “hold” rating on shares of Saul Centers in a report on Monday, December 4th.

In other news, insider James Page Lansdale sold 11,027 shares of the firm’s stock in a transaction on Monday, December 4th. The shares were sold at an average price of $64.06, for a total value of $706,389.62. Following the transaction, the insider now owns 11,627 shares of the company’s stock, valued at approximately $744,825.62. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In the last quarter, insiders sold 20,999 shares of company stock worth $1,329,716. 48.80% of the stock is owned by company insiders.

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About Saul Centers

Saul Centers, Inc operates as a real estate investment trust. The Company’s principal business activity is the ownership, management and development of income-producing properties. It operates through two segments: Shopping Centers and Mixed-Use Properties. The Company, which conducts all of its activities through its subsidiaries, the Saul Holdings Limited Partnership (Operating Partnership) and Subsidiary Partnerships, engages in the ownership, operation, management, leasing, acquisition, renovation, expansion, development and financing of community and neighborhood shopping centers and mixed-used properties in the Washington, District of Columbia/Baltimore metropolitan area.

Dividend History for Saul Centers (NYSE:BFS)

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