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

Key Points

• Saul Centers announced a quarterly dividend of $0.59 per share, payable April 30 to shareholders of record on April 15, which implies an annualized yield of about 7.0%.
• The company currently has a high dividend payout ratio of 181.5%, meaning the dividend isn't covered by recent earnings, though analysts forecast $2.92 EPS next year (implying a projected payout ratio of ~80.8%).
• Saul missed the most recent quarter with EPS of $0.15 vs. $0.27 expected and revenue of $71.65M; the stock trades around $33.92 with a market cap near $831M and a 52-week range of $29.16–$35.75.

Saul Centers, Inc. (NYSE:BFS - Get Free Report) announced a quarterly dividend on Thursday, March 12th. Investors of record on Wednesday, April 15th will be given a dividend of 0.59 per share by the real estate investment trust on Thursday, April 30th. This represents a c) dividend on an annualized basis and a yield of 7.0%. The ex-dividend date of this dividend is Wednesday, April 15th.

Saul Centers has increased its dividend payment by an average of 0.0%annually 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

Shares of BFS stock opened at $33.92 on Monday. Saul Centers has a fifty-two week low of $29.16 and a fifty-two week high of $35.75. The stock's 50-day moving average is $33.73 and its two-hundred day moving average is $31.99. The company has a debt-to-equity ratio of 5.48, a current ratio of 1.90 and a quick ratio of 1.90. The firm has a market cap of $831.06 million, a P/E ratio of 31.12 and a beta of 0.96.

Saul Centers (NYSE:BFS - Get Free Report) last announced its quarterly earnings results on Friday, February 27th. The real estate investment trust reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by ($0.12). The firm had revenue of $71.65 million for the quarter, compared to analyst estimates of $73.15 million. Saul Centers had a net margin of 12.94% and a return on equity of 12.48%. Analysts predict that Saul Centers will post 3.14 earnings per share for the current fiscal year.

About Saul Centers

Saul Centers, Inc is a publicly traded real estate investment trust (REIT) that specializes in the ownership, development and management of retail properties. The company's portfolio is focused on grocery-anchored and necessity-based shopping centers, providing stable, long-term cash flows through leasing arrangements with national and regional retailers. In addition to ground-up development, Saul Centers actively pursues redevelopment and adaptive reuse projects to enhance value in existing assets.

Founded by the Saul family in 1945, Saul Centers has grown from a local real estate development firm into a listed REIT while maintaining its headquarters in Bethesda, Maryland.

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