Saul Centers, Inc. (BFS) to Issue Quarterly Dividend of $0.59 on April 30th

Saul Centers, Inc. (NYSE:BFS) declared a quarterly dividend on Thursday, March 6th, RTT News reports. Shareholders of record on Tuesday, April 15th will be given a dividend of 0.59 per share by the real estate investment trust on Wednesday, April 30th. This represents a $2.36 dividend on an annualized basis and a dividend yield of 6.37%. The ex-dividend date is Tuesday, April 15th.

Saul Centers has increased its dividend by an average of 14.8% per year over the last three years. Saul Centers has a payout ratio of 181.5% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Saul Centers to earn $2.92 per share next year, which means the company should continue to be able to cover its $2.36 annual dividend with an expected future payout ratio of 80.8%.

Saul Centers Stock Up 2.6 %

BFS stock opened at $37.03 on Friday. Saul Centers has a fifty-two week low of $34.98 and a fifty-two week high of $42.39. The business’s 50 day moving average price is $36.96 and its two-hundred day moving average price is $39.11. The company has a debt-to-equity ratio of 4.61, a quick ratio of 1.13 and a current ratio of 1.13. The company has a market capitalization of $896.26 million, a price-to-earnings ratio of 20.13 and a beta of 1.08.

Saul Centers (NYSE:BFS) last posted its quarterly earnings results on Friday, February 28th. The real estate investment trust reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.31. The company had revenue of $67.92 million for the quarter, compared to the consensus estimate of $68.94 million. Saul Centers had a return on equity of 17.16% and a net margin of 20.84%. As a group, analysts forecast that Saul Centers will post 3.14 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded Saul Centers from a “buy” rating to a “hold” rating in a research note on Friday.

Saul Centers Company Profile

Saul Centers is a self-managed, self-administered equity REIT headquartered in Bethesda, Maryland. Saul Centers currently operates and manages a real estate portfolio comprised of 61 properties that includes (a) 57 community and neighborhood Shopping Centers and Mixed-Use properties with approximately 9.8 million square feet of leasable area and (b) four land and development properties.