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

Saratoga Investment Corp. (NYSE:SAR) announced a monthly dividend on Wednesday, February 19th,Wall Street Journal reports. Investors of record on Thursday, June 5th will be given a dividend of 0.25 per share by the financial services provider on Tuesday, June 24th. This represents a $3.00 dividend on an annualized basis 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 Up 1.5 %

Shares of SAR opened at $25.74 on Thursday. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.14. The business has a fifty day moving average of $24.60 and a 200 day moving average of $24.08. The company has a market cap of $369.37 million, a PE ratio of 10.38 and a beta of 1.34. Saratoga Investment has a 52-week low of $21.56 and a 52-week high of $26.49.

Saratoga Investment (NYSE:SAR) last announced its earnings results on Wednesday, January 8th. The financial services provider reported $0.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.82 by $0.08. Saratoga Investment had a return on equity of 15.53% and a net margin of 22.01%. On average, sell-side analysts expect that Saratoga Investment will post 3.93 EPS for the current year.

Analyst Ratings Changes

A number of analysts have weighed in on the company. Compass Point reduced their target price 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 raised shares of Saratoga Investment from a “hold” rating to a “buy” rating in a research report on Sunday, January 26th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average 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.