Saul Centers' Series D Preferred Stock Shares Cross 7.5% Yield Mark

Saul Centers Inc.'s 6.125% Series D preferred was yielding above 7.5% based on the quarterly dividend annualized to $1.5312. Shares traded as low as $20.41 on the day, driving the elevated headline yield and signalling intraday price weakness in the issue.

Analysis

Saul Centers Inc.'s 6.125% Series D preferred was yielding above 7.5% based on the quarterly dividend annualized to $1.5312. Shares traded as low as $20.41 on the day, driving the elevated headline yield and signalling intraday price weakness in the issue.