BETHESDA, Md. - Saul Centers, Inc. (NYSE: NYSE:BFS), a real estate investment trust (REIT), announced today that it will maintain its quarterly dividend for common stock at $0.59 per share, consistent with the previous quarter and the same quarter the previous year. The dividend is scheduled for payment on April 30, 2024, to stockholders of record as of April 15, 2024.
In addition to the common stock dividend, Saul Centers also declared dividends on its preferred stock. Holders of the 6.125% Series D Cumulative Redeemable Preferred Stock will receive $0.3828125 per depositary share, and holders of the 6.000% Series E Cumulative Redeemable Preferred Stock will receive $0.3750000 per depositary share. These dividends are due to be paid on April 15, 2024, to shareholders who are on record as of April 1, 2024.
Saul Centers is known for operating and managing a portfolio of 61 properties, which includes 57 community and neighborhood shopping centers and mixed-use properties, alongside four land and development properties. A significant portion, over 85%, of the company's property operating income, is derived from the Washington, DC/Baltimore metropolitan area.
The company has cautioned that certain statements within the press release may be considered forward-looking and are subject to various risks and uncertainties. These include, but are not limited to, general economic conditions, tenant bankruptcies, financing risks, legislative changes, operating costs, and public health emergencies.
The company's expectations are based on assumptions that may not materialize, and they advise against placing undue reliance on these forward-looking statements.
This announcement is based on a press release statement from Saul Centers, Inc. and serves to inform shareholders and the market of the company's upcoming dividend payments and its operational focus.
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