Saul Centers, Inc. (NYSE:BFS) Announces Quarterly Dividend of $0.59

Saul Centers, Inc. (NYSE:BFS - Get Free Report) announced a quarterly dividend on Friday, December 6th,Wall Street Journal reports. Shareholders of record on Wednesday, January 15th will be paid a dividend of 0.59 per share by the real estate investment trust on Friday, January 31st. This represents a $2.36 annualized dividend and a yield of 5.91%. The ex-dividend date is Wednesday, January 15th.

Saul Centers has increased its dividend by an average of 18.3% per year over the last three years. Saul Centers has a payout ratio of 173.5% 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 Performance

Shares of Saul Centers stock traded down $0.41 during midday trading on Friday, hitting $39.94. The company had a trading volume of 34,646 shares, compared to its average volume of 51,825. Saul Centers has a 12-month low of $34.87 and a 12-month high of $42.39. The company has a fifty day simple moving average of $40.37 and a 200 day simple moving average of $39.07. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 4.61. The stock has a market cap of $965.39 million, a price-to-earnings ratio of 21.93 and a beta of 1.11.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. B. Riley upped their target price on Saul Centers from $43.50 to $45.50 and gave the company a "buy" rating in a research report on Thursday, August 22nd. StockNews.com upgraded Saul Centers from a "hold" rating to a "buy" rating in a research report on Thursday.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.