BETHESDA, Md., Sept. 17, 2015 /PRNewswire/ -- Saul Centers, Inc. (NYSE: BFS) has declared a quarterly dividend of $0.43 per share on its common stock, to be paid October 30, 2015 to holders of record on October 16, 2015. The common dividend is unchanged from the amount paid in the previous quarter, but represents a $0.03 per share increase (7.5%) 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 October 15, 2015 to holders of record on October 6, 2015.
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.
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SOURCE Saul Centers, Inc.
