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

Saratoga Investment Corp. (NYSE:SAR) announced a monthly dividend on Wednesday, February 19th, 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 dividend on an annualized basis and a dividend yield of 11.71%. The ex-dividend date is Thursday, June 5th. This is a boost from Saratoga Investment’s previous monthly dividend of $0.25.

Saratoga Investment Trading Down 0.5 %

Shares of NYSE 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 company has a debt-to-equity ratio of 0.14, a current ratio of 0.33 and a quick ratio of 0.33. The firm has a 50-day moving average of $24.63 and a 200 day moving average of $24.09. The stock has a market cap of $367.79 million, a P/E ratio of 10.33 and a beta of 1.34.

Saratoga Investment (NYSE:SAR) last released 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 net margin of 22.01% and a return on equity of 15.53%. As a group, sell-side analysts expect that Saratoga Investment will post 3.93 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

SAR has been the topic of several analyst reports. StockNews.com raised Saratoga Investment from a “hold” rating to a “buy” rating in a report on Sunday, January 26th. Compass Point dropped their price target on shares of Saratoga Investment from $26.25 to $25.25 and set a “buy” rating on the stock in a research note on Monday, January 13th. 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, Saratoga Investment currently has an average rating of “Hold” and a consensus price target 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.