Saul Centers, Inc. (NYSE:BFS) Announces Quarterly Dividend of $0.59

Saul Centers, Inc. (NYSE:BFS) announced a quarterly dividend on Thursday, September 17th. Investors of record on Thursday, October 15th will be paid a dividend of 0.59 per share by the real estate investment trust on Friday, October 30th. This represents a c) annualized dividend and a dividend yield of 7.8%. The ex-dividend date of this dividend is Thursday, October 15th.

Saul Centers has increased its dividend by an average of 0.0%annually over the last three years. Saul Centers has a dividend payout ratio of 181.5% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments.

Saul Centers Trading Down 0.1%

NYSE:BFS opened at $30.30 on Friday. The firm has a market capitalization of $748.93 million, a P/E ratio of 31.24 and a beta of 0.90. The business has a 50 day simple moving average of $33.99 and a 200 day simple moving average of $34.47. The company has a debt-to-equity ratio of 5.64, a current ratio of 1.62 and a quick ratio of 1.62. Saul Centers has a 12-month low of $29.16 and a 12-month high of $38.42.

Saul Centers (NYSE:BFS) last issued its earnings results on Thursday, August 6th. The real estate investment trust reported $0.24 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.10. Saul Centers had a return on equity of 11.97% and a net margin of 11.54%.The firm had revenue of $72.80 million for the quarter, compared to analyst estimates of $78.98 million.

About Saul Centers

Saul Centers, Inc is a self-managed real estate investment trust that owns, operates, acquires, develops, and redevelops income-producing commercial real estate. The company’s portfolio is primarily composed of grocery-anchored community and neighborhood shopping centers, as well as mixed-use properties that combine retail, office, residential, and other uses.

The company focuses on leasing space to retailers, restaurants, service providers, and other commercial tenants. Its properties are concentrated in the Mid-Atlantic region, particularly the Washington, DC, metropolitan area and nearby markets in Maryland and Virginia, with an emphasis on locations serving established residential communities.

Saul Centers was established in 1993 and is affiliated with B.F.