Saratoga Investment Corp (NYSE:SAR) Declares Dividend of $0.25

Key Points

• Saratoga Investment Corp has declared a dividend of $0.25 per share, with stockholders of record on August 7th eligible for payment on August 21st, resulting in a remarkable dividend yield of 1,217.0%.
• The company's stock has experienced a slight decline of 0.5%, with a current price of $24.67, amidst a 52-week range of $21.10 to $26.49.
• Saratoga Investment recently reported an EPS of $0.66 for the last quarter, which missed analysts' estimates, while projecting expected EPS for the current fiscal year at 3.93.

Saratoga Investment Corp (NYSE:SAR - Get Free Report) declared a dividend on Friday, August 1st, investing.com reports. Investors of record on Thursday, August 7th will be given a dividend of 0.25 per share by the financial services provider on Thursday, August 21st. This represents a dividend yield of 1,217.0%. The ex-dividend date of this dividend is Wednesday, August 6th.

Saratoga Investment Stock Performance

SAR traded up $0.45 during midday trading on Tuesday, hitting $24.93. 236,973 shares of the company were exchanged, compared to its average volume of 118,010. The company's 50 day simple moving average is $24.74 and its 200 day simple moving average is $24.55. The firm has a market capitalization of $390.65 million, a price-to-earnings ratio of 10.09 and a beta of 0.64. The company has a current ratio of 0.32, a quick ratio of 0.32 and a debt-to-equity ratio of 0.18. Saratoga Investment has a 1-year low of $21.10 and a 1-year high of $26.49.

Saratoga Investment (NYSE:SAR - Get Free Report) last announced its quarterly earnings results on Tuesday, July 8th. The financial services provider reported $0.66 earnings per share for the quarter, missing the consensus estimate of $0.69 by ($0.03). The company had revenue of $35,219.96 billion for the quarter, compared to analyst estimates of $32.75 million. Saratoga Investment had a return on equity of 12.71% and a net margin of 24.85%. As a group, sell-side analysts predict that Saratoga Investment will post 3.93 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on SAR shares. B. Riley started coverage on shares of Saratoga Investment in a research note on Tuesday, May 13th. They set a "neutral" rating and a $23.50 target price on the stock. Compass Point lowered shares of Saratoga Investment from a "buy" rating to a "neutral" rating and decreased their price target for the company from $25.25 to $24.25 in a research note on Monday, June 9th. Five research analysts have rated the stock with a hold rating, According to data from MarketBeat, Saratoga Investment presently has an average rating of "Hold" and an average price target of $24.25.

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.