Saratoga Investment Corp. to Issue Quarterly Dividend of $0.74 (NYSE:SAR)

Saratoga Investment Corp. (NYSE:SAR - Get Free Report) declared a quarterly dividend on Tuesday, February 18th, RTT News reports. Investors of record on Thursday, March 6th will be paid a dividend of 0.74 per share by the financial services provider on Tuesday, March 25th. This represents a $2.96 annualized dividend and a yield of 11.41%. The ex-dividend date of this dividend is Thursday, March 6th.

Saratoga Investment Price Performance

NYSE:SAR traded up $0.31 during mid-day trading on Friday, hitting $25.95. 187,899 shares of the stock traded hands, compared to its average volume of 113,794. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 0.14. Saratoga Investment has a 12-month low of $21.56 and a 12-month high of $26.49. The company has a market cap of $372.31 million, a PE ratio of 10.46 and a beta of 1.34. The business's 50-day moving average price is $24.67 and its 200 day moving average price is $24.12.

Saratoga Investment (NYSE:SAR - Get Free Report) last released its quarterly earnings results on Wednesday, January 8th. The financial services provider reported $0.90 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, analysts expect that Saratoga Investment will post 3.93 EPS for the current fiscal year.

Analyst Ratings Changes

SAR has been the subject of a number of research reports. Compass Point cut their price objective on shares of Saratoga Investment from $26.25 to $25.25 and set a "buy" rating for the company 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 report on Sunday, January 26th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company 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.