Saratoga Investment Corp (SAR) To Go Ex-Dividend on June 4th

Saratoga Investment Corp (NYSE:SAR) declared a monthly dividend on Tuesday, March 17th. Shareholders of record on Thursday, June 4th will be given 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 13.2%. The ex-dividend date of this dividend is Thursday, June 4th.

Saratoga Investment has increased its dividend 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 tumble. 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

NYSE:SAR opened at $22.71 on Tuesday. Saratoga Investment has a twelve month low of $20.78 and a twelve month high of $25.64. The company has a current ratio of 0.04, a quick ratio of 0.04 and a debt-to-equity ratio of 0.18. The company has a 50-day moving average of $22.33 and a 200-day moving average of $22.80. The firm has a market cap of $369.50 million, a price-to-earnings ratio of 9.75 and a beta of 0.56.

Saratoga Investment (NYSE:SAR) last posted its quarterly earnings data on Tuesday, May 5th. The financial services provider reported $0.53 earnings per share for the quarter, meeting the consensus estimate of $0.53. Saratoga Investment had a net margin of 29.12% and a return on equity of 9.29%. The company had revenue of $6.85 million during the quarter, compared to analyst estimates of $30.85 million. Analysts forecast that Saratoga Investment will post 2.15 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Weiss Ratings restated a “hold (c)” rating on shares of Saratoga Investment in a research report on Friday, March 27th. Wall Street Zen lowered shares of Saratoga Investment from a “hold” rating to a “sell” rating in a research report on Saturday, May 9th. Six investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $23.63.

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.