Saratoga Investment Corp (SAR) to Issue Monthly Dividend of $0.25 on April 23rd

Saratoga Investment Corp (NYSE:SAR) declared a monthly dividend on Tuesday, March 17th. Stockholders 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) annualized dividend and a dividend yield of 13.6%. The ex-dividend date of this dividend is Tuesday, April 7th.

Saratoga Investment has raised its dividend payment by an average of 0.1%annually over the last three years. Saratoga Investment has a dividend 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. 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

NYSE SAR opened at $22.00 on Friday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.25 and a current ratio of 0.25. Saratoga Investment has a fifty-two week low of $20.78 and a fifty-two week high of $25.64. The stock’s fifty day moving average is $22.87 and its two-hundred day moving average is $22.95. The firm has a market capitalization of $356.93 million, a P/E ratio of 9.02 and a beta of 0.54.

Saratoga Investment (NYSE:SAR) last released its quarterly earnings data on Wednesday, January 7th. The financial services provider reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.59 by $0.02. The firm had revenue of $23.41 million during the quarter, compared to analysts’ expectations of $31.35 million. Saratoga Investment had a net margin of 30.61% and a return on equity of 9.19%. On average, research analysts anticipate that Saratoga Investment will post 3.93 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in SAR. BNP Paribas Financial Markets acquired a new position in Saratoga Investment in the third quarter valued at $25,000. Quantbot Technologies LP purchased a new position in Saratoga Investment in the third quarter valued at about $36,000. Advisory Services Network LLC purchased a new position in Saratoga Investment in the 3rd quarter valued at approximately $45,000. Kestra Advisory Services LLC purchased a new position in shares of Saratoga Investment in the fourth quarter valued at $46,000. Finally, Daytona Street Capital LLC acquired a new position in Saratoga Investment during the fourth quarter worth about $51,000. Institutional investors and hedge funds own 19.09% of the company’s stock.

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.