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Bethesda-based REIT declares quarterly dividends.

Byline: Daily Record Staff

Bethesdsa-based self-managed, self-administered equity REIT Saul Centers Inc. declared a quarterly dividend of$0.52per share on its common stock Friday, to be paid Oct. 31to holders of record onOct.17.

The common dividend is consistent with the amount paid in the previous quarter, and represents a$0.01(1.96 percent) increase over the amount paid in the prior year's comparable quarter.

The company also declared quarterly dividends on its 6.875 percent Series C Cumulative Redeemable Preferred Stock in the amount of$0.4296875per depositary share and its 6.125 percent Series D Cumulative Redeemable Preferred Stock, in the amount of$0.3828125per depositary share. The preferred dividends will be paidOct. 15to holders of record onOct. 1.

Saul Centers, Inc. operates and manages a real estate portfolio of 60 properties which includes 49 community and neighborhood shopping centers andseven mixed-use properties with approximately 9.3 million square feet of leasable area and four land and development properties. More than 85 percent of the Saul Centers' property operating income is generated by properties in the Baltimore/Washington metropolitan area.

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Publication:Daily Record (Baltimore, MD)
Date:Sep 21, 2018
Words:192
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