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

Key Points

• Saul Centers, Inc. declared a quarterly dividend of $0.59, with stockholders of record on October 15th set to receive payment on October 31st, representing a 7.5% dividend yield.
• The company has a current dividend payout ratio of 181.5%, indicating it relies on its balance sheet for dividend payments, although future projections suggest a more sustainable ratio of 80.8% based on expected earnings.
• In its latest earnings report, Saul Centers missed analysts' expectations with a reported EPS of $0.73, compared to a consensus estimate of $0.75, alongside a net margin of 15.51% and revenue of $69.43 million.

Saul Centers, Inc. (NYSE:BFS - Get Free Report) declared a quarterly dividend on Tuesday, September 23rd, RTT News reports. Stockholders of record on Wednesday, October 15th will be paid a dividend of 0.59 per share by the real estate investment trust on Friday, October 31st. This represents a c) annualized dividend and a dividend yield of 7.5%.

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 Trading Down 0.7%

Shares of BFS traded down $0.23 during trading hours on Tuesday, reaching $31.62. The stock had a trading volume of 64,661 shares, compared to its average volume of 62,610. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 5.16. Saul Centers has a 52 week low of $31.25 and a 52 week high of $42.39. The firm has a 50-day moving average of $32.81 and a 200 day moving average of $33.73. The company has a market cap of $770.58 million, a P/E ratio of 23.95 and a beta of 1.19.

Saul Centers (NYSE:BFS - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The real estate investment trust reported $0.73 EPS for the quarter, missing analysts' consensus estimates of $0.75 by ($0.02). Saul Centers had a net margin of 15.51% and a return on equity of 13.79%. The firm had revenue of $69.43 million during the quarter, compared to the consensus estimate of $71.39 million. On average, sell-side analysts expect that Saul Centers will post 3.14 earnings per share for the current fiscal year.

About Saul Centers

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.

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