Saul Centers' Series C Preferred Stock Yield Pushes Past 6.5%
In trading on Wednesday, shares of Saul Centers Inc's 6.875% Series C Cumulative Redeemable Preferred Stock (Symbol: 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 $26.28 on the day. This compares to an average yield of 6.61% in the "Real Estate" preferred stock category, according to Preferred Stock Channel. As of last close, BFS.PRC was trading at a 5.88% premium to its liquidation preference amount, versus the average premium of 37.22% in the "Real Estate" category.
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:
In Wednesday trading, Saul Centers Inc's 6.875% Series C Cumulative Redeemable Preferred Stock (Symbol: BFS.PRC) is currently down about 0.1% on the day, while the common shares (Symbol: BFS) are down about 0.8%.
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