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

Saratoga Investment Corp (NYSE:SAR) declared a monthly dividend on Wednesday, September 9th. Investors of record on Thursday, November 5th will be given a dividend of 0.25 per share by the financial services provider on Tuesday, November 24th. This represents a c) dividend on an annualized basis and a yield of 17.3%. The ex-dividend date is Thursday, November 5th.

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 fall. 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 Price Performance

Shares of Saratoga Investment stock opened at $17.35 on Thursday. Saratoga Investment has a twelve month low of $17.20 and a twelve month high of $25.15. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.18. The company has a 50-day simple moving average of $19.06 and a two-hundred day simple moving average of $21.26. The stock has a market capitalization of $278.99 million, a price-to-earnings ratio of 17.35 and a beta of 0.54.

Saratoga Investment (NYSE:SAR) last announced its earnings results on Tuesday, July 7th. The financial services provider reported $0.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 analyst estimates of $31.38 million. Analysts forecast that Saratoga Investment will post 1.94 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.