Trailing Dividend / Share
$2.36
Saul Centers, Inc. (BFS) Dividend History
Income profile from 1993 to 2026 with payout safety and yield-on-cost trend
Dividend Yield
6.9%
Payout Ratio
1.1%
Sustainable
Dividend Streak
0 years
3-Second Income Check
Safety
1.1% payout ratio with sustainable safety profile.
Consistency
0 straight years of dividend increases.
Income Trend
Yield on cost is 7.6% and trend is rising.
Dividend Scorecard
Yield & Income
Dividend Yield6.9%
Trailing DPS$2.36
FrequencyAnnual
Payments / 12M4
Payout Safety
Earnings Payout1.1%
Earnings SafetySustainable
FCF Payout53.5%
FCF SafetyAdequate
Piotroski F-Score4/9
Growth
Growth Streak0 years
3Y CAGR0.6%
5Y CAGR2.2%
Yield on Cost (5Y)7.6%
YOC Trendrising
Total Returns
Buyback Yield0.0%
Total Shareholder Yield6.9%
1Y Total Return-2.7%
5Y Total Return24.6%
Div Contribution (5Y)31.7%
Estimated $10K growth (return + dividends):
5Y ago$12,45910Y ago$11,43320Y ago$18,530
Uses precomputed total return metrics from screening data (not lot-by-lot dividend reinvestment transactions). BFS's recent 5Y regime has been stronger than its full 10Y period, so 5Y can appear higher than 10Y.
Income Growth Story
Dividend per share and yield on cost over time (34 years of payments)
Dividend Safety Story
EPS is the container — dividend is what's drawn out
Dividend Analysis
Payout Safety
Saul Centers, Inc. distributes 1.1% of earnings as dividends (Sustainable). When measured against free cash flow—a stricter test—the payout ratio stands at 53.5%, rated "Adequate".
Piotroski F-Score: 4/9 — moderate financial health.
Growth Track Record
BFS does not have a current streak of consecutive dividend increases, with a 3-year CAGR of 0.6% and 5-year CAGR of 2.2%.
Total Shareholder Returns
Beyond cash dividends, BFS returns capital through share repurchases. The combined picture: 6.9% dividend yield, 6.9% total shareholder yield.
Income Trend & Total Return
Yield on cost (5-year basis) has reached 7.6% and is currently rising. The 5-year total return is 24.6%, with dividends contributing 31.7% of that performance.
DRIP Growth
A $10,000 investment made 10 years ago with dividends reinvested would have grown to approximately $11,433 today.
Recent Dividend Payments
Last 20 payments · Annual
TTM Total$11.62
Avg/Payment$0.5810
| Ex-Date | Amount | Change | Yield % | Payment Date |
|---|---|---|---|---|
| Jan 15, 2026Latest | $0.5900 | — | 7.39% | Jan 30, 2026 |
| Oct 15, 2025 | $0.5900 | — | 7.79% | Oct 31, 2025 |
| Jul 15, 2025 | $0.5900 | — | 7.11% | Jul 31, 2025 |
| Apr 15, 2025 | $0.5900 | — | 7.15% | Apr 30, 2025 |
| Jan 15, 2025 | $0.5900 | — | 6.44% | Jan 31, 2025 |
| Oct 15, 2024 | $0.5900 | — | 5.81% | Oct 31, 2024 |
| Jul 15, 2024 | $0.5900 | — | 6.15% | Jul 31, 2024 |
| Apr 12, 2024 | $0.5900 | — | 6.51% | Apr 30, 2024 |
Dividend Peer Comparison
Peer group: Open-Air Shopping Centers
#2 yield in peer group
Div Yield
6.9%
#2 of 8
Safety
Sustainable
1.1% payout
Streak
0Y
2.2% 5Y CAGR
Total Shareholder
6.9%
#4 of 8
| Company | Mkt Cap | Yield | Payout | Streak | Safety |
|---|---|---|---|---|---|
2nd BFSSaul Centers, Inc. | $835M | 6.9% | 1.1% | 0 | Sustainable |
3rd KIMKimco Realty Corpora… | $16.0B | 4.3% | 1.7% | 0 | Sustainable |
REGRegency Centers Corp… | $14.4B | 3.4% | 1.2% | 4 | Sustainable |
PECOPhillips Edison & Co… | $4.9B | 2.5% | 2.1% | 0 | Sustainable |
CURBCurbline Properties … | $2.9B | 2.6% | — | 1 | Unknown |
1st SITCSITE Centers Corp. | $323M | 100.0% | — | 4 | Unknown |
CDR-PBCedar Realty Trust, … | $260M | 4.0% | 2.3% | 0 | Sustainable |
CDR-PCCedar Realty Trust, … | $248M | 4.2% | 2.3% | 0 | Sustainable |
Annual Dividend History
34 years of dividend data
GrowthDecline
| Year | DPS | YoY | Pmts | EPS | Payout | Coverage | YOC |
|---|---|---|---|---|---|---|---|
| 2026YTD | $0.59 | — | 1 | — | — | — | 1.9% |
| 2025 | $2.36 | 0.0% | 4 | — | — | — | 7.6% |
| 2024 | $2.36 | 0.0% | 4 | $1.63 | 144.8% | 0.69x | 7.6% |
| 2023 | $2.36 | 1.7% | 4 | $1.73 | 136.4% | 0.73x | 7.6% |
| 2022 | $2.32 | 7.4% | 4 | $1.63 | 142.3% | 0.70x | 7.4% |
| 2021 | $2.16 | 1.9% | 4 | $1.57 | 137.6% | 0.73x | 6.9% |
| 2020 | $2.12 | 0.0% | 4 | $1.25 | 169.6% | 0.59x | 6.8% |
| 2019 | $2.12 | 1.9% | 4 | $2.24 | 94.6% | 1.06x | 6.8% |
| 2018 | $2.08 | 2.0% | 4 | $2.25 | 92.4% | 1.08x | 6.7% |
| 2017 | $2.04 | 10.9% | 4 | $1.63 | 125.2% | 0.80x | 6.5% |
See BFS's True Return
Price is only half the story. See total return with reinvested dividends.
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Start ComparisonFrequently Asked Questions
How much dividend does BFS pay per share?
Saul Centers, Inc. (BFS) pays a trailing 12-month dividend of $2.36 per share, with a current dividend yield of +6.9%. Payments are made Annual.
When is BFS's next ex-dividend date?
BFS's most recent ex-dividend date is N/A. You must own shares before the ex-dividend date to receive the next payment. BFS typically pays dividends Annual.
Is BFS's dividend safe?
BFS's dividend safety is rated "Sustainable" based on an earnings payout ratio of +1.1% and FCF payout ratio of +53.5%. The dividend history does not yet show a prolonged growth streak.
How many years has BFS increased its dividend?
BFS has not maintained a consecutive growth streak recently. The 5-year dividend CAGR is +2.2%.
How often does BFS pay dividends?
Saul Centers, Inc. pays dividends Annual. The trailing 12-month total is $2.36 per share. Dividend data on this page covers 33+ years from 1993 to 2026.
How much would $10,000 invested in BFS grow with dividend reinvestment?
With dividends reinvested (DRIP), $10,000 invested in BFS five years ago would be worth approximately $12,459 today. This includes both price appreciation and compounded dividend reinvestment. Use the DRIP calculator above for other time periods.
What is BFS's yield on cost for long-term holders?
BFS's yield on cost — the current dividend divided by the original purchase price — is +7.6% for a 5-year holding period. This means long-term holders earn a higher effective yield than today's +6.9% market yield, thanks to consistent dividend growth.