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

Saratoga Investment Corp (NYSE:SAR) announced a monthly dividend on Tuesday, March 17th. Investors of record on Thursday, June 4th will be paid a dividend of 0.25 per share by the financial services provider on Tuesday, June 23rd. This represents a c) annualized dividend and a yield of 13.3%. The ex-dividend date of this dividend is Thursday, June 4th.

Saratoga Investment has increased its dividend payment by an average of 0.1%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 decline. Equities analysts expect Saratoga Investment to earn $2.98 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 100.7%.

Saratoga Investment Stock Performance

NYSE:SAR opened at $22.51 on Thursday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.25 and a current ratio of 0.25. Saratoga Investment has a fifty-two week low of $21.10 and a fifty-two week high of $25.64. The company has a 50 day simple moving average of $23.23 and a two-hundred day simple moving average of $23.19. The company has a market capitalization of $364.21 million, a PE ratio of 9.23 and a beta of 0.55.

Saratoga Investment (NYSE:SAR) last issued its quarterly earnings results on Wednesday, January 7th. The financial services provider reported $0.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.59 by $0.02. Saratoga Investment had a net margin of 30.61% and a return on equity of 9.19%. The firm had revenue of $23.41 million for the quarter, compared to the consensus estimate of $31.35 million. Research analysts anticipate that Saratoga Investment will post 3.93 earnings per share for the current year.

Saratoga Investment Company Profile

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.