Saratoga Investment Corp. (NYSE:SAR) Declares Dividend Increase – $0.25 Per Share

Saratoga Investment Corp. (NYSE:SAR) announced 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 dividend yield of 11.56%. The ex-dividend date of this dividend is Thursday, June 5th. This is a positive change from Saratoga Investment’s previous monthly dividend of $0.25.

Saratoga Investment Trading Up 1.2 %

Shares of SAR stock opened at $25.95 on Friday. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.14. The stock has a market cap of $372.31 million, a P/E ratio of 10.46 and a beta of 1.34. The stock has a 50 day simple moving average of $24.67 and a 200 day simple moving average of $24.12. Saratoga Investment has a 1 year low of $21.56 and a 1 year high of $26.49.

Saratoga Investment (NYSE:SAR) last issued its quarterly 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, research analysts predict that Saratoga Investment will post 3.93 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have commented on SAR shares. StockNews.com upgraded shares of Saratoga Investment from a “hold” rating to a “buy” rating in a research report on Sunday, January 26th. Compass Point lowered their price objective on shares of Saratoga Investment from $26.25 to $25.25 and set a “buy” rating for the company in a research report on Monday, January 13th. Three 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, the company presently has an average rating of “Hold” and an average target price of $25.08.

Saratoga Investment Company Profile

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.