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

Saratoga Investment Corp. (NYSE:SAR - Get Free Report) announced a monthly dividend on Thursday, February 20th, Wall Street Journal reports. Stockholders 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 dividend on an annualized basis 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 Stock Performance

Shares of SAR stock traded up $0.31 during mid-day trading on Friday, reaching $25.95. 187,899 shares of the company's stock traded hands, compared to its average volume of 113,794. Saratoga Investment has a 12 month low of $21.56 and a 12 month high of $26.49. The firm has a 50 day moving average price of $24.67 and a two-hundred day moving average price of $24.12. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.33 and a current ratio of 0.33. The firm has a market capitalization of $372.31 million, a PE ratio of 10.46 and a beta of 1.34.

Saratoga Investment (NYSE:SAR - Get Free Report) last issued its quarterly earnings data on Wednesday, January 8th. The financial services provider reported $0.90 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.82 by $0.08. Saratoga Investment had a net margin of 22.01% and a return on equity of 15.53%. On average, research analysts forecast that Saratoga Investment will post 3.93 EPS for the current year.

Analysts Set New Price Targets

SAR has been the subject of several recent analyst reports. StockNews.com raised shares of Saratoga Investment from a "hold" rating to a "buy" rating in a report on Sunday, January 26th. Compass Point dropped their target price on shares of Saratoga Investment from $26.25 to $25.25 and set a "buy" rating for the company in a report on Monday, January 13th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average 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.