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Bethesda’s Saul Centers declares quarterly dividends
Saul Centers Inc., a self-managed, self-administered equity real estate investment trust headquartered in Bethesda, declared a quarterly dividend of $0.59 per share on its common stock, to be paid on Jan. 31, 2024, to holders of record on Jan. 16, 2024. The common dividend is unchanged from the amount paid in the previous quarter and the amount paid in the prior year’s comparable quarter.
The company also declared quarterly dividends on its 6.125% Series D Cumulative Redeemable Preferred Stock, in the amount of $0.3828125 per depositary share and its 6% Series E Cumulative Redeemable Preferred Stock, in the amount of $0.375 per depositary share. The preferred dividends will be paid on Jan. 16, 2024 to holders of record on Jan. 2, 2024.
Saul Centers currently operates and manages a real estate portfolio comprised of 61 properties, which includes 57 community and neighborhood shopping centers and mixed-use properties with approximately 9.8 million square feet of leasable area and four land and development properties. More than 85% of the Saul Centers’ property operating income is generated by properties in the metropolitan Washington-Baltimore area.
