Saul Centers Inc (NYSE:BFS) announced a quarterly dividend on Thursday, September 19th, Zacks reports. Investors of record on Thursday, October 17th will be paid a dividend of 0.53 per share by the real estate investment trust on Thursday, October 31st. This represents a $2.12 annualized dividend and a yield of 3.93%. The ex-dividend date of this dividend is Wednesday, October 16th.
Saul Centers has raised its dividend payment 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 dividend payout ratio of 68.6% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Saul Centers to earn $3.32 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 63.9%.
Shares of NYSE:BFS traded down $0.26 during trading on Monday, hitting $53.98. 450 shares of the company traded hands, compared to its average volume of 43,573. The stock has a market capitalization of $1.23 billion, a price-to-earnings ratio of 17.35, a PEG ratio of 3.30 and a beta of 0.92. The business’s fifty day moving average is $52.57 and its 200-day moving average is $53.74. Saul Centers has a one year low of $45.49 and a one year high of $58.49. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 4.07.
A number of equities analysts recently issued reports on BFS shares. DA Davidson reissued a “neutral” rating on shares of Saul Centers in a report on Monday, July 29th. Zacks Investment Research downgraded Saul Centers from a “hold” rating to a “sell” rating in a research report on Monday, August 12th.
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) 56 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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