In trading on Friday, shares of Saul Centers Inc.’s 6.125% Series D Cumulative Redeemable Preferred Stock (BFS.PRD) yielded above 7.5% based on its quarterly dividend of $1.5312 annualized, with shares trading as low as $20.41. This yield contrasts with the average of 8.16% in the Real Estate preferred stock category. At the last close, BFS.PRD was trading at a 17.36% discount to its liquidation preference amount, compared to the average discount of 15.38% in the same category.
During Friday’s trading session, BFS.PRD was down approximately 0.8%, while the common shares (BFS) fell about 1.2%.
