Saul Centers Declares Common and Preferred Dividends
Shopping center REIT Saul Centers announced today its third-quarter dividend of $0.36 per share, the same rate it's paid since 2009.
The board also said it would be paying quarterly dividends on two classes of preferred stock as follows:
- $0.50 per share for its 8% Series A cumulative redeemable preferred stock
- $0.4296875 per share for its 6.875% Series C cumulative redeemable preferred stock
Both preferred dividends will be paid October 15 to holders of record on October 5.
The board of directors said the regular quarterly dividend is payable on October 31 to holders of record at the close of business on October 17. The regular dividend payment equates to a $1.44-per-share annual dividend, yielding 3.1% based on the closing price today of Saul Centers' stock.
The article Saul Centers Declares Common and Preferred Dividends originally appeared on Fool.com.Fool contributor Rich Duprey has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.