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

Saratoga Investment Corp. (NYSE:SAR) announced a monthly dividend on Thursday, February 20th, Wall Street Journal reports. Shareholders 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 11.56%. The ex-dividend date of this dividend is Thursday, June 5th. This is a boost from Saratoga Investment’s previous monthly dividend of $0.25.

Saratoga Investment Stock Performance

SAR opened at $25.95 on Friday. The business’s 50-day moving average price is $24.67 and its two-hundred day moving average price is $24.12. Saratoga Investment has a 1 year low of $21.56 and a 1 year high of $26.49. The company has a market capitalization of $372.31 million, a price-to-earnings ratio of 10.46 and a beta of 1.34. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.33 and a quick ratio of 0.33.

Saratoga Investment (NYSE:SAR) last released 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%. Equities analysts expect that Saratoga Investment will post 3.93 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on SAR shares. Compass Point lowered their target price on Saratoga Investment from $26.25 to $25.25 and set a “buy” rating on the stock in a research report on Monday, January 13th. StockNews.com raised Saratoga Investment from a “hold” rating to a “buy” rating in a research report on Sunday, January 26th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus 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.