SmarterDividends
BFS

Saul Centers, Inc.

BFS

Real Estate · REIT - Retail · Stock · quarterly payer

$29.49

Undervalued · +100% Add to Portfolio

Forward Yield

8.00%

Annual Dividend

$2.36

Payout Ratio

241%

5-Yr Growth

2.2%

Ex-Date

Oct 15, 2026

Frequency

Quarterly

Key facts about BFS's dividend

Data as of · Source: SmarterDividends data

  • As of Oct 18, 2026, Saul Centers, Inc. (BFS) has a forward dividend yield of 8.00%, based on an annual dividend of $2.36 per share and a share price of $29.49.
  • As of Oct 18, 2026, BFS's dividend safety grade from SmarterDividends is B (67 out of 100), which rates the dividend as safe.
  • BFS last cut its regular dividend in 2010.
  • BFS's most recent ex-dividend date was Oct 15, 2026, for a dividend of $0.59 per share.
  • As of Oct 18, 2026, BFS pays out 241% of its trailing 12-month earnings as dividends (its payout ratio).
  • BFS's dividend has grown at an average rate of 2.2% a year over the past five years.
  • As of Oct 18, 2026, BFS's 8.00% yield is 36% above its five-year average yield of 5.89%.
  • As of Oct 18, 2026, SmarterDividends' blended fair-value estimate for BFS is $59.09 per share, 100% above the $29.49 share price, so BFS screens as undervalued.
  • Saul Centers, Inc. (BFS) pays its dividend quarterly, 4 times a year.
  • Saul Centers, Inc. (BFS) has raised its regular dividend 14 times and cut it 2 times across the 133 payments on record since 1993. Its most recent change was a 3.5% increase to $0.590 per share, going ex-dividend on Jul 14, 2022. The last cut went ex-dividend on Oct 14, 2009.
Cite this page

SmarterDividends, "BFS Dividend: Yield, Safety Grade & Next Ex-Date," updated Oct 18, 2026, https://smarterdividends.com/stocks/BFS

Summary

As of Oct 18, 2026, Saul Centers, Inc. (BFS) yields 8.00% ($2.36 a year per share) and has a dividend safety grade of B (67/100).

Is BFS a good dividend stock?

Yes, with caveats

Saul Centers, Inc. (BFS) pays a quarterly dividend yielding 8.00% ($2.36/yr), with 0 years of growth and a dividend-safety grade of B. It's a solid income payer, but check the caveats below before buying.

Advantages

    Risks

    • Cut its dividend in 2010
    • Elevated payout ratio (241%)
    • Share price is down over the past 5 years

    Key Data

    Dividend Yield
    8.00%
    Payout Ratio
    241%
    Annual Dividend
    $2.36
    5-Yr Avg Growth
    2.2%
    Ex-Dividend Date
    Oct 15, 2026
    Years of Growth
    0
    Frequency
    quarterly
    Beta
    0.89
    Market Cap
    $1.0B
    P/E Ratio
    30.1
    5-Yr Total Return
    -40%
    52-Week Range
    $29.06 – $38.42
    Dividend Safety
    B · 67/100
    Ever Cut?
    Yes (2010)

    BFS dividend raises and cuts

    Saul Centers, Inc. (BFS) has raised its regular dividend 14 times and cut it 2 times across the 133 payments on record since 1993. Its most recent change was a 3.5% increase to $0.590 per share, going ex-dividend on Jul 14, 2022. The last cut went ex-dividend on Oct 14, 2009.

    Ex-dateChangeOld → newMove
    Jul 14, 2022Raise$0.570 → $0.590+3.5%
    Jan 13, 2022Raise$0.550 → $0.570+3.6%
    Jul 15, 2021Raise$0.530 → $0.550+3.8%
    Jan 16, 2019Raise$0.520 → $0.530+1.9%
    Jan 16, 2018Raise$0.510 → $0.520+2.0%
    Jan 12, 2017Raise$0.470 → $0.510+8.5%
    Apr 13, 2016Raise$0.430 → $0.470+9.3%
    Apr 14, 2015Raise$0.400 → $0.430+7.5%
    Apr 14, 2014Raise$0.360 → $0.400+11.1%
    Oct 14, 2009Cut$0.390 → $0.360−7.7%
    Jan 14, 2009Cut$0.470 → $0.390−17.0%
    Oct 15, 2007Raise$0.440 → $0.470+6.8%
    Show all 16 changes since 1994
    Ex-dateChangeOld → newMove
    Apr 12, 2007Raise$0.420 → $0.440+4.8%
    Oct 13, 2005Raise$0.400 → $0.420+5.0%
    Jul 13, 2005Raise$0.390 → $0.400+2.6%
    Jan 10, 1994Raise$0.150 → $0.390+160.0%
    Every BFS payment →Download every raise and cut (CSV)
    BFS ex-dividend date & scheduleNext ex-date Oct 15, 2026 · full ex-dividend historyView →BFS dividend historyEvery payment, totals by year, raises and cutsView →

    Frequently Asked Questions

    Is BFS a good dividend stock?

    Yes, with caveats. Saul Centers, Inc. (BFS) pays a quarterly dividend yielding 8.00% ($2.36/yr), with 0 years of growth and a dividend-safety grade of B. It's a solid income payer, but check the caveats below before buying.

    Is BFS undervalued?

    Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, BFS's fair value is about $59.09 versus a $29.49 share price — so it looks undervalued (+100% vs. fair value).

    Is BFS's dividend safe?

    BFS has a dividend-safety grade of B (67/100), based on its payout coverage, free-cash-flow, 0-year growth streak, a dividend cut in 2010, debt and yield-versus-history.

    What is BFS's fair value?

    Our blended fair-value estimate for BFS is about $59.09 per share, roughly 100% above the current $29.49 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

    Is BFS a buy, hold, or sell?

    We don't issue formal ratings, but on the data BFS screens as "yes, with caveats" and undervalued. Saul Centers, Inc. (BFS) pays a quarterly dividend yielding 8.00% ($2.36/yr), with 0 years of growth and a dividend-safety grade of B. It's a solid income payer, but check the caveats below before buying. This is research for your own analysis, not investment advice.

    Will BFS cut its dividend?

    BFS earns a dividend-safety grade of B (67/100), and has cut its dividend before (last in 2010). A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.

    Does BFS pay a dividend?

    Yes. Saul Centers, Inc. pays a quarterly dividend of about $2.36 per share annually, a forward yield of roughly 8.00%.

    What is BFS's dividend yield?

    As of Oct 18, 2026, BFS's forward dividend yield is 8.00%, based on a $2.36 annual dividend and a $29.49 share price.

    What is BFS's dividend per share?

    As of Oct 18, 2026, BFS pays $2.36 per share per year, distributed on a quarterly basis.

    What is BFS's dividend payout ratio?

    As of Oct 18, 2026, BFS's payout ratio is 241% of trailing 12-month earnings — an elevated level worth watching, as it leaves less cushion if earnings dip.

    How many years has BFS grown its dividend?

    BFS does not currently have a long dividend-growth streak on record.

    When is the next BFS ex-dividend date?

    As of Oct 18, 2026, BFS's next ex-dividend date hasn't been announced. The most recent was Oct 15, 2026, for $0.59 per share.

    Income Calculator

    At $2.36 / yr per share

    Per payment (quarterly)$59.00
    Annual$236.00
    Monthly avg$19.67

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