Saratoga Investment Corp. (NYSE:SAR) Announces $0.74 Quarterly Dividend

Posted by Emily Schoerning on Feb 18th, 2025

Saratoga Investment Corp. (NYSE:SAR – Get Free Report) announced a quarterly dividend on Tuesday, February 18th,RTT News reports. Investors of record on Thursday, March 6th will be given 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 11.62%.

Saratoga Investment Stock Up 0.4 %

SAR traded up $0.09 on Tuesday, hitting $25.48. 777,309 shares of the company were exchanged, compared to its average volume of 100,208. The stock’s fifty day moving average is $24.54 and its 200-day moving average is $24.05. The company has a market cap of $365.64 million, a PE ratio of 10.27 and a beta of 1.34. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.33 and a current ratio of 0.33. Saratoga Investment has a 12 month low of $21.56 and a 12 month high of $26.49.

Saratoga Investment (NYSE:SAR – Get Free Report) last announced its quarterly earnings results on Wednesday, January 8th. The financial services provider reported $0.90 earnings per share for the quarter, topping analysts’ consensus estimates of $0.82 by $0.08. Saratoga Investment had a return on equity of 15.53% and a net margin of 22.01%. Equities research analysts predict that Saratoga Investment will post 3.93 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

SAR has been the topic of a number of recent analyst reports. Compass Point lowered their price target 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 research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $25.08.

Check Out Our Latest Report on SAR

Saratoga Investment Company Profile

(Get Free Report)

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.