Saratoga Investment Corp (SAR) To Go Ex-Dividend on December 2nd

Saratoga Investment Corp (NYSE:SAR) declared a monthly dividend on Thursday, September 11th. Stockholders of record on Tuesday, December 2nd will be given a dividend of 0.25 per share by the financial services provider on Thursday, December 18th. This represents a c) annualized dividend and a dividend yield of 12.9%. The ex-dividend date of this dividend is Tuesday, December 2nd.

Saratoga Investment has increased its dividend payment by an average of 0.1%per year 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 tumble. 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 $23.23 on Friday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.29 and a current ratio of 0.29. Saratoga Investment has a 52 week low of $21.10 and a 52 week high of $26.17. The company’s 50 day moving average price is $22.78 and its two-hundred day moving average price is $24.11. The company has a market capitalization of $374.10 million, a P/E ratio of 9.93 and a beta of 0.68.

Saratoga Investment (NYSE:SAR) last released its quarterly earnings results on Tuesday, October 7th. The financial services provider reported $0.58 earnings per share for the quarter, missing the consensus estimate of $0.67 by ($0.09). Saratoga Investment had a net margin of 27.19% and a return on equity of 10.09%. The company had revenue of $22.03 million during the quarter, compared to analyst estimates of $32.39 million. On average, analysts expect that Saratoga Investment will post 3.93 earnings per share for the current fiscal year.

About Saratoga Investment

Saratoga Investment Corp. is a business development company specializing in leveraged and management buyouts, acquisition financings, growth financings, recapitalization, debt refinancing, and transitional financing transactions at the lower end of middle market companies. It structures its investments as debt and equity by investing through first and second lien loans, mezzanine debt, co-investments, select high yield bonds, senior secured bonds, unsecured bonds, and preferred and common equity.