Saul Centers, Inc. (BFS) To Go Ex-Dividend on July 15th

Saul Centers, Inc. (NYSE:BFS – Get Free Report) announced a quarterly dividend on Thursday, June 18th. Investors of record on Wednesday, July 15th will be given a dividend of 0.59 per share by the real estate investment trust on Friday, July 31st. This represents a c) annualized dividend and a dividend yield of 6.5%. The ex-dividend date of this dividend is Wednesday, July 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.

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Saul Centers Stock Up 0.1%

BFS stock opened at $36.19 on Monday. Saul Centers has a twelve month low of $29.16 and a twelve month high of $38.42. The company has a quick ratio of 1.71, a current ratio of 1.71 and a debt-to-equity ratio of 5.54. The company has a market cap of $887.84 million, a PE ratio of 34.14 and a beta of 0.90. The business’s 50-day simple moving average is $35.71 and its 200 day simple moving average is $34.05.

Saul Centers (NYSE:BFS – Get Free Report) last posted its quarterly earnings results on Thursday, May 7th. The real estate investment trust reported $0.26 EPS for the quarter, beating the consensus estimate of $0.13 by $0.13. The firm had revenue of $74.64 million during the quarter, compared to analysts’ expectations of $75.11 million. Saul Centers had a return on equity of 12.44% and a net margin of 12.43%.

About Saul Centers

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Saul Centers, Inc is a publicly traded real estate investment trust (REIT) that specializes in the ownership, development and management of retail properties. The company’s portfolio is focused on grocery-anchored and necessity-based shopping centers, providing stable, long-term cash flows through leasing arrangements with national and regional retailers. In addition to ground-up development, Saul Centers actively pursues redevelopment and adaptive reuse projects to enhance value in existing assets.

Founded by the Saul family in 1945, Saul Centers has grown from a local real estate development firm into a listed REIT while maintaining its headquarters in Bethesda, Maryland.

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