Saul Centers Series E Preferred Shares Cross 6.5% Yield Threshold

0

In Thursday’s trading, Saul Centers Inc. Series E 6.000% Redeemable Preferred Stock (ticker: BFS.PRE) was yielding above the 6.5% mark based on its quarterly dividend (annualized at 1 $.50), with the shares changing hands as low as $22.87 on the day. That compares to an average return of 7.09% in the Real Estate preferred stock category, according to Preferred Stock Channel. At last close, BFS.PRE was trading at a 6.24% discount to its preferred liquidation amount, compared to an average discount of 7.16% in the “Real Estate” category.

The graph below shows the one-year performance of BFS.PRE shares, compared to BFS:


Below is a historical dividend chart for BFS.PRE, showing historical dividend payments on Saul Centers Inc Series E 6.000% Cumulative Redeemable Preferred Shares:

BFS.PRE+Dividend+Historical+Chart


In Thursday’s trading, Saul Centers Inc. Series E 6.000% Cumulative Redeemable Preferred Stock (ticker: BFS.PRE) is currently down about 2.4% on the day, while common stock (ticker: : BFS) are trading flat.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Share.

Comments are closed.