Saratoga Investment Corp (SAR) To Go Ex-Dividend on September 3rd

Saratoga Investment Corp (NYSE:SAR) announced a monthly dividend on Thursday, June 11th. Shareholders of record on Thursday, September 3rd will be given a dividend of 0.25 per share by the financial services provider on Wednesday, September 23rd. This represents a c) dividend on an annualized basis and a yield of 16.2%. The ex-dividend date is Thursday, September 3rd.

Saratoga Investment has raised its dividend payment by an average of 0.2%annually over the last three years. Saratoga Investment has a dividend 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. 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 Price Performance

Shares of NYSE:SAR opened at $18.52 on Tuesday. The company has a 50-day moving average price of $19.68 and a 200 day moving average price of $21.53. Saratoga Investment has a 52 week low of $17.34 and a 52 week high of $25.64. The company has a market cap of $297.80 million, a P/E ratio of 18.52 and a beta of 0.55. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.18.

Saratoga Investment (NYSE:SAR) last posted its quarterly 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). The company had revenue of $30.78 million for the quarter, compared to analyst estimates of $31.38 million. Saratoga Investment had a net margin of 12.70% and a return on equity of 8.76%. Research analysts predict 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.