Saratoga Investment Corp (NYSE:SAR) Declares Monthly Dividend of $0.25

Saratoga Investment Corp (NYSE:SAR) announced a monthly dividend on Tuesday, March 17th. Investors of record on Tuesday, May 5th will be given a dividend of 0.25 per share by the financial services provider on Thursday, May 21st. This represents a c) annualized dividend and a yield of 13.3%. The ex-dividend date of this dividend is Tuesday, May 5th.

Saratoga Investment has raised its dividend by an average of 0.1%per year 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 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 Up 2.8%

NYSE SAR traded up $0.61 on Tuesday, reaching $22.50. The company had a trading volume of 107,217 shares, compared to its average volume of 139,242. The firm has a market capitalization of $364.12 million, a price-to-earnings ratio of 9.22 and a beta of 0.55. 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 1-year low of $21.10 and a 1-year high of $25.64. The company’s fifty day moving average is $23.24 and its 200-day moving average is $23.22.

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