BETHESDA, Md., May 3 /PRNewswire-FirstCall/ -- Saul Centers, Inc. has declared a quarterly dividend of $0.44 per share on its common stock, to be paid July 31, 2007 to holders of record on July 17, 2007. The common dividend represents a $0.02 per share increase (4.8%) over the amount paid in the prior year's comparable quarter. The Company also declared the quarterly dividend for its 8% Series A Cumulative Redeemable Preferred Stock in the amount of $0.50 per depositary share. The preferred dividend will be paid July 13, 2007 to holders of record on June 29, 2007.
Saul Centers is a self-managed, self-administered equity real estate investment trust headquartered in Bethesda, Maryland. Saul Centers currently operates and manages a real estate portfolio of 47 community and neighborhood shopping center and office properties totaling approximately 7.9 million square feet of leasable area. Over 80% of the Company's cash flow is generated from properties in the metropolitan Washington, DC/Baltimore area.
More information about Saul Centers is available on the Company's website at http://www.saulcenters.com/.
