Saul Centers Inc (BFS) Announces Dividend Increase – $0.52 Per Share
Saul Centers Inc (NYSE:BFS) announced a quarterly dividend on Thursday, December 7th, Zacks reports. Shareholders 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 dividend yield of 3.60%. The ex-dividend date of this dividend is Tuesday, January 16th. This is a boost from Saul Centers’s previous quarterly dividend of $0.51.
Saul Centers has raised its dividend payment by an average of 9.4% per year over the last three years and has increased its dividend annually for the last 4 consecutive years. Saul Centers has a payout ratio of 64.8% meaning its dividend is sufficiently covered by earnings. Equities research 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%.
Saul Centers (NYSE BFS) traded up $0.06 on Thursday, hitting $57.71. The company’s stock had a trading volume of 34,400 shares, compared to its average volume of 27,457. Saul Centers has a 1 year low of $55.86 and a 1 year high of $66.14. The firm has a market cap of $1,288.60, a P/E ratio of 35.41, a price-to-earnings-growth ratio of 3.58 and a beta of 0.72. The company has a debt-to-equity ratio of 4.62, a current ratio of 2.68 and a quick ratio of 2.68.
In other news, insider James Page Lansdale sold 2,372 shares of the firm’s stock in a transaction dated Tuesday, December 12th. The stock was sold at an average price of $62.50, for a total value of $148,250.00. Following the completion of the transaction, the insider now owns 2,972 shares in the company, valued at approximately $185,750. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold a total of 20,999 shares of company stock valued at $1,329,716 in the last 90 days. 48.80% of the stock is owned by corporate insiders.
Several analysts have issued reports on the company. Raymond James Financial reissued a “hold” rating on shares of Saul Centers in a research note on Monday, December 4th. Zacks Investment Research upgraded Saul Centers from a “sell” rating to a “hold” rating in a report on Thursday, November 30th.
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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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