Saratoga Investment Corp (SAR) To Go Ex-Dividend on August 5th

Saratoga Investment Corp (NYSE:SAR) declared a monthly dividend on Thursday, June 11th. Stockholders of record on Wednesday, August 5th will be given a dividend of 0.25 per share by the financial services provider on Tuesday, August 25th. This represents a c) dividend on an annualized basis and a dividend yield of 13.3%. The ex-dividend date of this dividend is Wednesday, August 5th.

Saratoga Investment has raised its dividend payment by an average of 0.2%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 analysts expect Saratoga Investment to earn $2.12 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 141.5%.

Saratoga Investment Price Performance

Saratoga Investment stock opened at $22.48 on Friday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.04 and a current ratio of 0.04. Saratoga Investment has a 52 week low of $20.78 and a 52 week high of $25.64. The stock has a market capitalization of $365.67 million, a P/E ratio of 9.65 and a beta of 0.54. The stock has a fifty day moving average of $22.46 and a 200-day moving average of $22.81.

Saratoga Investment (NYSE:SAR) last issued its earnings results on Tuesday, May 5th. The financial services provider reported $0.53 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.53. Saratoga Investment had a return on equity of 9.29% and a net margin of 29.12%.The business had revenue of $6.85 million during the quarter, compared to analysts’ expectations of $30.85 million. On average, sell-side analysts expect that Saratoga Investment will post 2.15 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Wall Street Zen cut Saratoga Investment from a “hold” rating to a “sell” rating in a report on Saturday, May 9th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Saratoga Investment in a report on Friday, March 27th. Five research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $23.00.

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.