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

Saratoga Investment Corp (NYSE:SAR) announced a monthly dividend on Wednesday, September 9th. Investors of record on Thursday, November 5th will be given a dividend of 0.25 per share by the financial services provider on Tuesday, November 24th. This represents a c) dividend on an annualized basis and a yield of 17.5%. The ex-dividend date is Thursday, November 5th.

Saratoga Investment has increased its dividend payment by an average of 0.2%per year 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 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 Trading Down 1.3%

NYSE SAR opened at $17.15 on Friday. The firm has a market capitalization of $275.77 million, a price-to-earnings ratio of 17.15 and a beta of 0.54. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.09 and a current ratio of 0.09. Saratoga Investment has a one year low of $17.13 and a one year high of $25.15. The company’s 50 day moving average price is $18.95 and its 200 day moving average price is $21.22.

Saratoga Investment (NYSE:SAR) last released its quarterly earnings data on Tuesday, July 7th. The financial services provider reported $0.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.54 by ($0.07). Saratoga Investment had a return on equity of 8.76% and a net margin of 12.70%.The business had revenue of $30.78 million for the quarter, compared to analysts’ expectations of $31.38 million. On average, sell-side analysts predict that Saratoga Investment will post 1.94 EPS 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.