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

Saratoga Investment Corp (NYSE:SAR) declared a monthly dividend on Tuesday, March 17th. Stockholders of record on Tuesday, May 5th will be given a dividend of 0.25 per share by the financial services provider on Thursday, May 21st. This represents a c) annualized dividend and a dividend yield of 13.3%. The ex-dividend date of this dividend is Tuesday, May 5th.

Saratoga Investment has increased its dividend by an average of 0.1%per year over the last three years. Saratoga Investment has a payout ratio of 90.4% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. 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 opened at $22.50 on Wednesday. The stock has a fifty day moving average of $23.23 and a 200 day moving average of $23.20. Saratoga Investment has a 52 week low of $21.10 and a 52 week high of $25.64. The firm has a market capitalization of $364.03 million, a price-to-earnings ratio of 9.22 and a beta of 0.55. 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 (NYSE:SAR) last issued its quarterly earnings data on Wednesday, January 7th. The financial services provider reported $0.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.59 by $0.02. Saratoga Investment had a net margin of 30.61% and a return on equity of 9.19%. The business had revenue of $23.41 million for the quarter, compared to the consensus estimate of $31.35 million. As a group, research analysts expect that Saratoga Investment will post 3.93 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.