Saul Centers Inc (NYSE:BFS) declared a quarterly dividend on Friday, December 7th, Wall Street Journal reports. Investors of record on Thursday, January 17th will be given a dividend of 0.53 per share by the real estate investment trust on Thursday, January 31st. This represents a $2.12 dividend on an annualized basis and a dividend yield of 4.00%. The ex-dividend date is Wednesday, January 16th. This is a positive change from Saul Centers’s previous quarterly dividend of $0.52.
Saul Centers has raised its dividend payment by an average of 9.4% annually over the last three years and has raised its dividend annually for the last 4 consecutive years. Saul Centers has a dividend payout ratio of 67.3% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Saul Centers to earn $3.35 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 62.1%.
BFS stock opened at $52.97 on Friday. Saul Centers has a fifty-two week low of $46.71 and a fifty-two week high of $64.93. The company has a quick ratio of 2.04, a current ratio of 2.04 and a debt-to-equity ratio of 4.28. The firm has a market capitalization of $1.20 billion, a P/E ratio of 17.27, a price-to-earnings-growth ratio of 3.40 and a beta of 0.84.
A number of research analysts recently weighed in on BFS shares. Zacks Investment Research raised shares of Saul Centers from a “sell” rating to a “hold” rating in a report on Friday, August 10th. ValuEngine raised shares of Saul Centers from a “sell” rating to a “hold” rating in a report on Wednesday, August 15th.
In other Saul Centers news, CFO Scott V. Schneider sold 805 shares of Saul Centers stock in a transaction on Monday, November 19th. The shares were sold at an average price of $54.04, for a total transaction of $43,502.20. Following the completion of the transaction, the chief financial officer now directly owns 9,398 shares of the company’s stock, valued at $507,867.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John E. Chapoton sold 10,000 shares of Saul Centers stock in a transaction on Monday, November 12th. The stock was sold at an average price of $50.04, for a total transaction of $500,400.00. The disclosure for this sale can be found here. Company insiders own 48.80% of the company’s stock.
About Saul Centers
Saul Centers, Inc 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.
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