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

Saul Centers, Inc. (NYSE:BFS - Get Free Report) announced a quarterly dividend on Thursday, March 6th, RTT News reports. Stockholders 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 annualized dividend and a dividend yield of 6.36%. The ex-dividend date is Tuesday, April 15th.

Saul Centers has increased its dividend payment by an average of 14.8% per year over the last three years. Saul Centers has a dividend payout ratio of 181.5% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities 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

Saul Centers stock traded up $0.08 during mid-day trading on Monday, reaching $37.13. 18,582 shares of the company were exchanged, compared to its average volume of 47,825. The firm has a market cap of $898.58 million, a PE ratio of 20.18 and a beta of 1.08. The firm's 50-day simple moving average is $36.96 and its two-hundred day simple moving average 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. Saul Centers has a twelve month low of $34.98 and a twelve month high of $42.39.

Saul Centers (NYSE:BFS - Get Free Report) last released its quarterly earnings results on Friday, February 28th. The real estate investment trust reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.31. The business had revenue of $67.92 million during 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%. Equities analysts predict that Saul Centers will post 3.14 earnings per share for the current fiscal year.

Remove Ads

Analysts Set New Price Targets

Separately, StockNews.com lowered 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.