BFS (Saul Centers) Dividend Payout Ratio: 2.27 (As of Mar. 2026) — 66% Above Median

What is Saul Centers Dividend Payout Ratio?

Saul Centers BFS +0.82% 77 Dividend Payout Ratio is 2.27 as of Mar. 2026, which is 66% above its 10-year median of 1.37. GuruFocus rates BFS with a GF Score™ of 77/100 and a GF Value™ of $41.81 (Modestly Undervalued). The stock has 9 warning signs investors should review. Among 718 REITs companies, Saul Centers ranks worse than 84.12% on this metric.

The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period. Saul Centers's Dividend Payout Ratio for the months ended in Mar. 2026 was 2.27.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Saul Centers Inc is 2.23, which seems too high.

The historical rank and industry rank for Saul Centers's Dividend Payout Ratio or its related term are showing as below:

BFS' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 1.23 Med: 1.37 Max: 2.23
Current: 2.23

During the past 13 years, the highest Dividend Payout Ratio of Saul Centers was 2.23. The lowest was 1.23. And the median was 1.37.

BFS's Dividend Payout Ratio is ranked worse than
84.12% of 718 companies
in the REITs industry
Industry Median: 0.99 vs BFS: 2.23

As of today (2026-06-25), the Dividend Yield % of Saul Centers is 6.36%.

During the past 13 years, the highest Trailing Annual Dividend Yield of Saul Centers was 8.80%. The lowest was 2.60%. And the median was 4.97%.

Saul Centers's Dividends per Share for the months ended in Mar. 2026 was $0.59.

During the past 3 years, the average Dividends Per Share Growth Rate was 0.60% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 2.40% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 3.10% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Saul Centers was 118.30% per year. The lowest was -8.50% per year. And the median was 1.05% per year.

The growth rate is calculated with least square regression.

For more information regarding to dividend, please check our Dividend Page.

* Please note that "special dividend" is not included in the calculation of dividend per share and related fields.

Saul Centers (NYSE:BFS) Dividend Payout Ratio Explanation

In dividends investing, Dividend Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

Saul Centers Dividend Payout Ratio Related Terms

Saul Centers Dividend Payout Ratio Historical Data

* Premium members only.

The historical data trend for Saul Centers's Dividend Payout Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Saul Centers Dividend Payout Ratio Chart

Saul Centers Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

Dividend Payout Ratio

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1.38

1.41

1.36

1.45

2.17

Saul Centers Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25	Jun25	Sep25	Dec25	Mar26
Dividend Payout Ratio	Get a 7-Day Free Trial															2.03	1.81	1.84	3.93	2.27

BFS vs WSR, ALX, PINE: Dividend Payout Ratio Comparison

For the REIT - Retail subindustry, Saul Centers's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Saul Centers Dividend Payout Ratio vs REITs Industry

For the REITs industry and Real Estate sector, Saul Centers's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where Saul Centers's Dividend Payout Ratio falls into.

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77GF Score

Saul Centers Inc BFS

Dividend Payout Ratio is just one metric. See GF Score™, valuation, warning signs, and more.

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Saul Centers Dividend Payout Ratio Calculation

Saul Centers's Dividend Payout Ratio for the fiscal year that ended in Dec. 2025 is calculated as

Dividend Payout Ratio	=	Dividends per Share (A: Dec. 2025 )	/	EPS without NRI (A: Dec. 2025 )
	=	2.36	/	1.086
	=	2.17

Saul Centers's Dividend Payout Ratio for the quarter that ended in Mar. 2026 is calculated as

Dividend Payout Ratio	=	Dividends per Share (Q: Mar. 2026 )	/	EPS without NRI (Q: Mar. 2026 )
	=	0.59	/	0.26
	=	2.27

Frequently Asked Questions Learn more about Dividend Payout Ratio →

What does a Dividend Payout Ratio of 2.27 mean?

Saul Centers (BFS) has a Dividend Payout Ratio of 2.27 as of Mar. 2026. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Saul Centers and its competitors. This is 66% above median its historical median of 1.37. Over the past decade, Saul Centers' Dividend Payout Ratio has ranged from 1.23 to 2.23. According to the industry distribution chart, Saul Centers ranks #604 out of 718 companies in the REITs industry, placing it in the top 84.1%.

Is Saul Centers' Dividend Payout Ratio too high?

Saul Centers' current Dividend Payout Ratio of 2.27 is 66% above median its 10-year median of 1.37. Over the past 10 years, this metric has ranged from a low of 1.23 to a high of 2.23. The REITs industry median Dividend Payout Ratio is 0.99. Saul Centers' value of 2.27 is 129.3% above this industry median. Based on the distribution chart, Saul Centers ranks #604 out of 718 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, Saul Centers has a GF Score™ of 77/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.

How does Saul Centers' Dividend Payout Ratio compare to WSR and ALX?

According to the REITs industry distribution chart, Saul Centers ranks #604 out of 718 companies for Dividend Payout Ratio. This places Saul Centers in the lower half of its industry. The industry median Dividend Payout Ratio is 0.99. Saul Centers' value of 2.27 is 129.3% above this benchmark. Historically, Saul Centers' own Dividend Payout Ratio has ranged from 1.23 to 2.23 over the past decade. While the company's 10-year median is 1.37 vs. the industry median of 0.99, Saul Centers has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good Dividend Payout Ratio for a REITs company?

The median Dividend Payout Ratio among REITs companies is 0.99, based on 718 companies in the industry. Companies in the top quartile (top 25%) have a Dividend Payout Ratio significantly above this median, while those in the bottom quartile fall well below. However, Dividend Payout Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Saul Centers's current Dividend Payout Ratio of 2.27 is 129.3% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high Dividend Payout Ratio mean?

A high Dividend Payout Ratio can signal that a stock is expensive relative to its fundamentals. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Saul Centers and its competitors. For the REITs industry, the median Dividend Payout Ratio is 0.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Saul Centers's current Dividend Payout Ratio is 2.27, which is 66% above median its own 10-year median of 1.37. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Saul Centers stock overvalued right now?

Based on GuruFocus' analysis, Saul Centers (BFS) is currently considered Modestly Undervalued. The stock's GF Value™ is $41.81, compared to a current price of $37.07 — trading 11.3% below its estimated fair value. The current Dividend Payout Ratio is 2.27, which is 66% above median its 10-year median of 1.37 and 129.3% above the REITs industry median of 0.99. Saul Centers' overall GF Score™ is 77/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is Dividend Payout Ratio calculated?

Dividend Payout Ratio is calculated from a company's financial statements. For Saul Centers (BFS), the current Dividend Payout Ratio is 2.27 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Saul Centers (BFS) Overvalued in 2026?

Based on GuruFocus' analysis, Saul Centers stock appears to be undervalued. The current stock price of $37.07 is trading 11.3% below its estimated GF Value™ of $41.81. GuruFocus considers Saul Centers to be Modestly Undervalued.

Key valuation signals for BFS:

Dividend Payout Ratio: 2.27 (66% above median its 10-year median of 1.37)
GF Value™: $41.81 vs. price of $37.07 (11.3% below fair value)
GF Score™: 77/100 with 9 warning signs
Industry Position: 129.3% above the REITs median (#604 of 718)

No single metric tells the full story. See the BFS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Saul Centers Business Description

Industry Real Estate REITs

Comparable Companies WSR ALX PINE SITC CBL WHLR GTY NTST IVT FCPT SPG O XPAR:URW KIM ASX:SCG REG SGX:C38U HKSE:00823 XPAR:LI FRT

Other Exchanges BFSpE.PFD:USA BFSpD.PFD:USA

Address 7501 Wisconsin Avenue, Suite 1500 East, Bethesda, MD, USA, 20814-6522

Website https://www.saulcenters.com

Saul Centers Inc is a self-managed real estate investment trust which invests in, operates and develops retail and commercial properties. The company's portfolio includes community and neighbourhood shopping centres, office properties, and mixed-use properties. Properties are located in the Washington, D.C. and Batlimore metropolitan areas. Saul Centers operates through two business segments: Shopping Centers segment, which contribute the maximum portion of total revenue; and mixed-use properties.Mixed-Use Properties segment include office, retail and multi-family residential use.

77GF Score

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$37.07

Price

$41.81

GF Value

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