Saul Centers Inc (NYSE:BFS) declared a quarterly dividend on Thursday, December 7th, Zacks reports. Investors of record on Wednesday, January 17th will be given a dividend of 0.52 per share by the real estate investment trust on Wednesday, January 31st. This represents a $2.08 annualized dividend and a yield of 3.60%. The ex-dividend date is Tuesday, January 16th. This is a boost from Saul Centers’s previous quarterly dividend of $0.51.
Saul Centers has raised its dividend by an average of 9.4% annually over the last three years and has increased its dividend annually for the last 4 consecutive years. Saul Centers has a dividend payout ratio of 64.8% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Saul Centers to earn $3.28 per share next year, which means the company should continue to be able to cover its $2.08 annual dividend with an expected future payout ratio of 63.4%.
Shares of Saul Centers (NYSE BFS) traded up $0.06 during trading on Thursday, reaching $57.71. 34,400 shares of the company’s stock were exchanged, compared to its average volume of 27,457. Saul Centers has a 12 month low of $55.86 and a 12 month high of $66.14. The company has a debt-to-equity ratio of 4.62, a quick ratio of 2.68 and a current ratio of 2.68. The stock has a market capitalization of $1,288.60, a PE ratio of 35.41, a PEG ratio of 3.58 and a beta of 0.72.
A number of research analysts have issued reports on the stock. Raymond James Financial reaffirmed a “hold” rating on shares of Saul Centers in a report on Monday, December 4th. Zacks Investment Research raised shares of Saul Centers from a “sell” rating to a “hold” rating in a report on Thursday, November 30th.
In other news, insider James Page Lansdale sold 2,372 shares of the firm’s stock in a transaction that occurred on Tuesday, December 12th. The shares were sold at an average price of $62.50, for a total transaction of $148,250.00. Following the completion of the transaction, the insider now directly owns 2,972 shares of the company’s stock, valued at approximately $185,750. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Over the last ninety days, insiders sold 20,999 shares of company stock valued at $1,329,716. 48.80% of the stock is currently owned by corporate insiders.
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About Saul Centers
Saul Centers, Inc operates as a real estate investment trust. The Company’s principal business activity is the ownership, management and development of income-producing properties. It operates through two segments: Shopping Centers and Mixed-Use Properties. The Company, which conducts all of its activities through its subsidiaries, the Saul Holdings Limited Partnership (Operating Partnership) and Subsidiary Partnerships, engages in the ownership, operation, management, leasing, acquisition, renovation, expansion, development and financing of community and neighborhood shopping centers and mixed-used properties in the Washington, District of Columbia/Baltimore metropolitan area.
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