Saratoga Investment Corp. (NYSE:SAR) Raises Dividend to $0.25 Per Share

Saratoga Investment Corp. (NYSE:SAR) declared a monthly dividend on Thursday, February 20th,Wall Street Journal reports. Investors of record on Thursday, June 5th will be paid a dividend of 0.25 per share by the financial services provider on Tuesday, June 24th. This represents a $3.00 annualized dividend and a yield of 11.66%. The ex-dividend date is Thursday, June 5th. This is a positive change from Saratoga Investment’s previous monthly dividend of $0.25.

Saratoga Investment Stock Performance

SAR stock opened at $25.74 on Thursday. The company has a market capitalization of $369.27 million, a price-to-earnings ratio of 10.38 and a beta of 1.34. The firm has a 50 day moving average of $24.60 and a two-hundred day moving average of $24.08. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.14. Saratoga Investment has a 12 month low of $21.56 and a 12 month high of $26.49.

Saratoga Investment (NYSE:SAR) last posted its earnings results on Wednesday, January 8th. The financial services provider reported $0.90 EPS for the quarter, topping the consensus estimate of $0.82 by $0.08. Saratoga Investment had a net margin of 22.01% and a return on equity of 15.53%. As a group, equities analysts anticipate that Saratoga Investment will post 3.93 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently weighed in on SAR shares. Compass Point cut their price objective on Saratoga Investment from $26.25 to $25.25 and set a “buy” rating on the stock in a research note on Monday, January 13th. StockNews.com upgraded shares of Saratoga Investment from a “hold” rating to a “buy” rating in a research note on Sunday, January 26th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $25.08.

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.