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

Saratoga Investment Corp. (NYSE:SAR - Get Free Report) declared a monthly dividend on Wednesday, February 19th, Wall Street Journal reports. Investors 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 yield of 11.56%. The ex-dividend date is Thursday, June 5th. This is a positive change from Saratoga Investment's previous monthly dividend of $0.25.

Saratoga Investment Stock Performance

SAR stock traded up $0.31 on Friday, reaching $25.95. 187,899 shares of the company were exchanged, 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 stock's fifty day moving average price is $24.67 and its 200 day moving average price is $24.12. The firm has a market capitalization of $372.31 million, a PE 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 - Get Free Report) last announced its earnings results on Wednesday, January 8th. The financial services provider reported $0.90 earnings per share (EPS) for the quarter, topping 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 anticipate that Saratoga Investment will post 3.93 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on SAR shares. Compass Point decreased 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. StockNews.com upgraded shares of Saratoga Investment from a "hold" rating to a "buy" rating in a research note on Sunday, January 26th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price 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.