Saul Centers Inc (NYSE:BFS) declared a quarterly dividend on Friday, December 7th, Wall Street Journal reports. Shareholders of record on Thursday, January 17th will be paid 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 yield of 4.15%. The ex-dividend date of this dividend is Wednesday, January 16th. This is an increase from Saul Centers’s previous quarterly dividend of $0.52.

Saul Centers has increased its dividend by an average of 7.2% annually over the last three years and has increased its dividend annually for the last 5 consecutive years. Saul Centers has a payout ratio of 68.6% meaning its dividend is sufficiently covered by earnings. 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 $2.12 annual dividend with an expected future payout ratio of 63.3%.

Shares of NYSE BFS opened at $51.05 on Friday. The company has a debt-to-equity ratio of 4.28, a current ratio of 2.04 and a quick ratio of 2.04. The firm has a market cap of $1.16 billion, a price-to-earnings ratio of 16.05, a PEG ratio of 3.06 and a beta of 0.89. Saul Centers has a 1 year low of $45.49 and a 1 year high of $60.65.

In other news, CFO Scott V. Schneider sold 805 shares of the firm’s stock in a transaction on Monday, November 19th. The stock was sold at an average price of $54.04, for a total transaction of $43,502.20. Following the completion of the sale, the chief financial officer now directly owns 9,398 shares of the company’s stock, valued at approximately $507,867.92. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director John E. Chapoton sold 10,000 shares of the firm’s stock in a transaction on Monday, November 12th. The stock was sold at an average price of $50.04, for a total value of $500,400.00. The disclosure for this sale can be found here. Company insiders own 49.60% of the company’s stock.

Separately, Zacks Investment Research raised Saul Centers from a “hold” rating to a “buy” rating and set a $55.00 price target for the company in a research note on Tuesday.

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Saul Centers Company Profile

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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Dividend History for Saul Centers (NYSE:BFS)

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