Saratoga Investment Corp (NYSE:SAR) will begin trading ex-dividend on October 23, 2020. The quarterly dividend payment of $ 0.41 per share is scheduled to be paid on November 10, 2020. The dividend yield based on the latest trading day closing price was 8.08 %. To secure the dividend payout, investors must buy the stock prior to the ex-dividend date..
Dividends History
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Saratoga Investment Corp recently reported second quarter financial results on October 7, 2020, after market close, the New York based company announced income for the second quarter of $ 0.49 per share, from the revenue of $ 13.86 million. The quarterly earnings down 27.94 percent while revenues declined 0.22 percent compared with the same quarter last year.
Street analysts expected Saratoga Investment Corp recently reported second quarter financial results on October 7, 2020, after market close, the New York based company to report income of $ 0.26 per share on revenue of $ 12.90 million for the second quarter. The bottom line results beat street analysts by $ 0.23 or 88.46 percent, at the same time, top line results outshined analysts by $ 0.96 million or 7.44 percent.
Stock Performance
Shares of Saratoga Investment Corp traded up $ 0.33 or 1.65 percent on Thursday, reaching $ 20.30 with volume of 45.80 thousand shares. Saratoga Investment Corp has traded high as $ 20.90 and has cracked $ 19.74 on the downward trend
According to the previous trading day, closing price of $ 20.30, representing a 236.20 % increase from the 52 week low of $ 5.94 and a 30.42 % decrease over the 52 week high of $ 28.70.
The company has a market capital of $ 226.84 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.
