BETHESDA, Md., Dec. 6, 2018 /PRNewswire/ -- Saul Centers, Inc. (BFS) has declared a quarterly dividend of $0.53 per share on its common stock, to be paid on January 31, 2019, to holders of record on January 17, 2019. The common dividend represents a $0.01 per share (1.92%) increase over the amount paid in the previous quarter and the amount paid in the prior year's comparable quarter.
The Company also declared quarterly dividends on (a) its 6.875% Series C Cumulative Redeemable Preferred Stock in the amount of $0.4296875 per depositary share and (b) its 6.125% Series D Cumulative Redeemable Preferred Stock, in the amount of $0.3828125 per depositary share. The preferred dividends will be paid on January 15, 2019, to holders of record on January 2, 2019.
Saul Centers is a self-managed, self-administered equity REIT headquartered in Bethesda, Maryland, which currently operates and manages a real estate portfolio of 60 properties which includes (a) 49 community and neighborhood shopping centers and seven mixed-use properties with approximately 9.3 million square feet of leasable area and (b) four land and development properties. Over 85% of the Saul Centers' property operating income is generated by properties in the metropolitan Washington, DC/Baltimore area.
More information about Saul Centers is available on the Company's website at www.saulcenters.com.