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

Saratoga Investment Corp (NYSE:SAR) declared a monthly dividend on Tuesday, March 17th. Shareholders of record on Tuesday, April 7th will be given a dividend of 0.25 per share by the financial services provider on Thursday, April 23rd. This represents a c) dividend on an annualized basis and a dividend yield of 13.3%. The ex-dividend date of this dividend is Tuesday, April 7th.

Saratoga Investment has increased its dividend payment by an average of 0.1%per year 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 fall. Equities research 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

Shares of SAR stock traded up $0.61 on Tuesday, hitting $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 cap of $364.12 million, a P/E ratio of 9.22 and a beta of 0.55. The company has a 50-day moving average price of $23.24 and a 200-day moving average price of $23.22. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 0.17. Saratoga Investment has a twelve month low of $21.10 and a twelve month high of $25.64.

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