Saul Centers Inc (NYSE:BFS) announced 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 dividend on an annualized basis and a yield of 3.60%. The ex-dividend date of this dividend is Tuesday, January 16th. This is an increase from Saul Centers’s previous quarterly dividend of $0.51.

Saul Centers has raised its dividend by an average of 9.4% per year over the last three years and has increased its dividend every year for the last 4 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%.

Saul Centers (NYSE:BFS) traded up $0.06 during trading on Thursday, reaching $57.71. 34,400 shares of the company were exchanged, compared to its average volume of 27,457. The stock has a market capitalization 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 current ratio of 2.68, a quick ratio of 2.68 and a debt-to-equity ratio of 4.62. Saul Centers has a 52 week low of $55.86 and a 52 week high of $66.14.

In other Saul Centers news, insider James Page Lansdale sold 2,372 shares of the business’s stock in a transaction 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 transaction, the insider now owns 2,972 shares in the company, valued at $185,750. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have sold 20,999 shares of company stock worth $1,329,716 in the last quarter. Company insiders own 48.80% of the company’s stock.

A number of equities research analysts recently issued reports on the stock. Raymond James Financial reaffirmed a “hold” rating on shares of Saul Centers in a research note on Monday, December 4th. Zacks Investment Research upgraded shares of Saul Centers from a “sell” rating to a “hold” rating in a research report on Thursday, November 30th.

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Saul Centers Company Profile

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.

Dividend History for Saul Centers (NYSE:BFS)

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