Saratoga Investment Corp (SAR) to Issue Monthly Dividend of $0.25 on July 23rd

Saratoga Investment Corp (NYSE:SAR) declared a monthly dividend on Thursday, June 11th. Investors of record on Monday, July 6th will be paid a dividend of 0.25 per share by the financial services provider on Thursday, July 23rd. This represents a c) dividend on an annualized basis and a yield of 13.3%. The ex-dividend date is Monday, July 6th.

Saratoga Investment has raised its dividend payment by an average of 0.2%annually over the last three years. Saratoga Investment has a dividend payout ratio of 90.4% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Equities research analysts expect Saratoga Investment to earn $2.12 per share next year, which means the company may not be able to cover its $3.00 annual dividend with an expected future payout ratio of 141.5%.

Saratoga Investment Stock Performance

Shares of NYSE:SAR opened at $22.48 on Friday. The company’s 50 day simple moving average is $22.46 and its 200 day simple moving average is $22.81. The stock has a market capitalization of $365.67 million, a price-to-earnings ratio of 9.65 and a beta of 0.54. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.04 and a quick ratio of 0.04. Saratoga Investment has a 1 year low of $20.78 and a 1 year high of $25.64.

Saratoga Investment (NYSE:SAR) last announced its quarterly earnings data on Tuesday, May 5th. The financial services provider reported $0.53 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.53. The business had revenue of $6.85 million for the quarter, compared to analysts’ expectations of $30.85 million. Saratoga Investment had a net margin of 29.12% and a return on equity of 9.29%. As a group, research analysts predict that Saratoga Investment will post 2.15 EPS for the current fiscal year.

About Saratoga Investment

Saratoga Investment Corp. is a closed-end, externally managed investment company that seeks to generate current income and total return through a diversified portfolio of private U.S. companies. Trading on the New York Stock Exchange under the ticker SAR, the firm primarily targets middle-market businesses across a broad range of industries, including industrials, healthcare, consumer products, financial services and technology. Its investment approach combines debt and equity instruments, providing flexible capital solutions such as first-lien and second-lien secured loans, mezzanine debt, preferred equity and common equity positions.

As an actively managed vehicle, Saratoga Investment works closely with portfolio companies’ management teams to support growth initiatives, operational improvements, and strategic transactions.