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

Saratoga Investment Corp. (NYSE:SAR) announced a monthly dividend on Thursday, February 20th, Wall Street Journal reports. Stockholders 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 annualized dividend and a dividend yield of 11.71%. The ex-dividend date of this dividend is Thursday, June 5th. This is an increase from Saratoga Investment’s previous monthly dividend of $0.25.

Saratoga Investment Stock Down 0.5 %

SAR opened at $25.63 on Friday. Saratoga Investment has a 1-year low of $21.56 and a 1-year high of $26.49. The stock’s fifty day simple moving average is $24.63 and its 200 day simple moving average is $24.09. 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 $367.79 million, a PE ratio of 10.33 and a beta of 1.34.

Saratoga Investment (NYSE:SAR) last posted its quarterly earnings results on Wednesday, January 8th. The financial services provider reported $0.90 earnings per share for the quarter, beating analysts’ consensus estimates of $0.82 by $0.08. Saratoga Investment had a return on equity of 15.53% and a net margin of 22.01%. As a group, research analysts expect that Saratoga Investment will post 3.93 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms recently weighed in on SAR. Compass Point dropped their price target 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 Saratoga Investment from a “hold” rating to a “buy” rating in a research note on Sunday, January 26th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target 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.