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

Saratoga Investment Corp (NYSE:SAR) declared a monthly dividend on Wednesday, September 9th. Investors of record on Tuesday, October 6th will be given a dividend of 0.25 per share by the financial services provider on Thursday, October 22nd. This represents a c) dividend on an annualized basis and a dividend yield of 17.3%. The ex-dividend date is Tuesday, October 6th.

Saratoga Investment has increased its dividend payment by an average of 0.2%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 tumble. Equities research analysts expect Saratoga Investment to earn $2.00 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 150.0%.

Saratoga Investment Stock Performance

Shares of SAR traded down $0.10 during mid-day trading on Wednesday, reaching $17.35. 185,143 shares of the company’s stock were exchanged, compared to its average volume of 134,058. The business’s fifty day simple moving average is $19.16 and its 200-day simple moving average is $21.30. Saratoga Investment has a 52-week low of $17.20 and a 52-week high of $25.15. The stock has a market capitalization of $278.99 million, a PE ratio of 17.35 and a beta of 0.54. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.09 and a quick ratio of 0.09.

Saratoga Investment (NYSE:SAR) last issued its quarterly earnings data on Tuesday, July 7th. The financial services provider reported $0.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.54 by ($0.07). Saratoga Investment had a return on equity of 8.76% and a net margin of 12.70%.The business had revenue of $30.78 million for the quarter, compared to analysts’ expectations of $31.38 million. On average, equities research analysts expect that Saratoga Investment will post 1.94 earnings per share for the current 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.