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Saul Centers Series C Preferred Stock Shares Cross 6.5% Yield Mark

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In trading on Friday, shares of Saul Centers, Inc.'s 6.875% Series C Cumulative Redeemable Preferred Stock (NYSE: BFS.PRC) were yielding above the 6.5% mark based on its quarterly dividend (annualized to $1.7188), with shares changing hands as low as $26.35 on the day. This compares to an average yield of 6.94% in the "Real Estate" preferred stock category, according to Preferred Stock Channel. As of last close, BFS.PRC was trading at a 6.32% premium to its liquidation preference amount, versus the average premium of 1.89% in the "Real Estate" category.

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The chart below shows the one year performance of BFS.PRC shares, versus BFS:

Below is a dividend history chart for BFS.PRC, showing historical dividend payments on Saul Centers, Inc.'s 6.875% Series C Cumulative Redeemable Preferred Stock:


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In Friday trading, Saul Centers, Inc.'s 6.875% Series C Cumulative Redeemable Preferred Stock (NYSE: BFS.PRC) is currently off about 0.9% on the day, while the common shares (NYSE: BFS) are off about 0.7%.