Saratoga Investment Corp (NYSE:SAR) declared quarterly dividend of $ 0.40 per share, or $ 1.60 annualized.
The dividend will be payable on August 12, 2020, to stockholders of record on July 27, 2020, with an ex-dividend date of July 24, 2020.
The press release noted that the shareholders have the option to receive payment of the dividend in cash, or receive shares of common stock pursuant to the Companys DRIP.
Dividends History
wpDataTable with provided ID not found!Recent Earnings Announcement
Saratoga Investment Corp recorded loss for the first quarter of $ 2.02 per share, from the revenue of $ 13.30 million, On adjusted basis, SAR reported income for the quarter of $ 0.51 per share. The quarterly revenues improved 7.61 percent compared with the same quarter last year. The consensus estimates are loss of $ 1.38 per share from $ 13.37 million in revenue. The bottom line results beat street analysts by $ 1.89 or 136.96 percent, at the same time, top line results fell short of analysts by $ 0.07 million or 0.52 percent.
Stock Performance
According to the previous trading day, closing price of SAR was $ 15.08, representing a 153.87 % increase from the 52 week low of $ 5.94 and a 47.46 % decrease over the 52 week high of $ 28.70.
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The company has a market capital of $ 174.99 million and is part of the Financial Services sector and Asset Management industry.
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.
