Saratoga Investment Corp (SAR) To Go Ex-Dividend on October 6th

Saratoga Investment Corp (NYSE:SARGet Free Report) 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 17.5%. The ex-dividend date of this dividend is Tuesday, October 6th.

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% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. 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 Down 1.3%

Saratoga Investment stock opened at $17.15 on Friday. The stock has a market cap of $275.77 million, a PE ratio of 17.15 and a beta of 0.54. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.09 and a current ratio of 0.09. The firm’s 50-day simple moving average is $18.95 and its 200 day simple moving average is $21.22. Saratoga Investment has a fifty-two week low of $17.13 and a fifty-two week high of $25.15.

Saratoga Investment (NYSE:SARGet Free Report) last posted its quarterly earnings data 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). The company had revenue of $30.78 million for the quarter, compared to analysts’ expectations of $31.38 million. Saratoga Investment had a return on equity of 8.76% and a net margin of 12.70%. Research analysts predict that Saratoga Investment will post 1.94 EPS for the current fiscal year.

About Saratoga Investment

(Get Free Report)

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.

See Also

Dividend History for Saratoga Investment (NYSE:SAR)

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