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

Saratoga Investment Corp (NYSE:SAR) announced a monthly dividend on Thursday, June 11th. Stockholders of record on Thursday, September 3rd will be given a dividend of 0.25 per share by the financial services provider on Wednesday, September 23rd. This represents a c) annualized dividend and a dividend yield of 13.4%. The ex-dividend date of this dividend is Thursday, September 3rd.

Saratoga Investment has raised its dividend by an average of 0.2%annually over the last three years. Saratoga Investment has a 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. 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 Price Performance

NYSE:SAR opened at $22.31 on Friday. The firm has a market capitalization of $362.98 million, a price-to-earnings ratio of 9.58 and a beta of 0.54. Saratoga Investment has a 1 year low of $20.78 and a 1 year high of $25.64. The business has a 50 day simple moving average of $22.44 and a 200-day simple moving average of $22.82. 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 (NYSE:SAR) last posted its quarterly earnings data on Tuesday, May 5th. The financial services provider reported $0.53 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.53. The business had revenue of $6.85 million during the quarter, compared to analyst estimates of $30.85 million. Saratoga Investment had a return on equity of 9.29% and a net margin of 29.12%. Equities analysts forecast that Saratoga Investment will post 2.15 EPS 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.