From the Wires
Saul Centers, Inc. Announces Tax Treatment of 2012 Dividends
By: PR Newswire
Jan. 18, 2013 04:52 PM
BETHESDA, Md., Jan. 18, 2013 /PRNewswire/ -- Saul Centers, Inc. (NYSE: BFS), an equity real estate investment trust (REIT), announced today the income tax treatment for its 2012 dividends. The Company declared and paid four quarterly dividends totaling $1.44 per share of Common Stock during 2012. For tax purposes, 66.0% of the dividends ($0.9504 per common share) are characterized as ordinary income and 34.0% of the dividends ($0.4896 per common share) are characterized as return of capital. The Company declared and paid four dividends totaling $2.00 per depositary share on its Series A 8% Preferred Stock during 2012. The Company also declared and paid four dividends totaling $2.25 per depositary share on its Series B 9% Preferred Stock during 2012. For tax purposes, 100.0% of all the Preferred Stock dividends are characterized as ordinary income. The information will be reported to shareholders on Form 1099-DIV.
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 58 operating community and neighborhood shopping center and office/mixed-use properties totaling approximately 9.5 million square feet of leasable area. Over 85% of the Company's cash flow is generated from properties in the metropolitan Washington, DC/Baltimore area.
More information about Saul Centers, Inc. is available on the Company's website at www.SaulCenters.com.
SOURCE Saul Centers, Inc.
Latest Cloud Developer Stories
Subscribe to the World's Most Powerful Newsletters
Subscribe to Our Rss Feeds & Get Your SYS-CON News Live!
SYS-CON Featured Whitepapers
Most Read This Week