Saratoga Investment Corp (NYSE:SAR) will begin trading ex-dividend on July 24, 2020. The quarterly dividend payment of $ 0.40 per share is scheduled to be paid on August 12, 2020. To secure the dividend payout, investors must buy the stock prior to the ex-dividend date, latest at the end of the trading session on July 24, 2020.
Dividends History
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Recent Earnings Announcement
Saratoga Investment Corp announced 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 extended 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 $ 17.61, representing a 196.46 % increase from the 52 week low of $ 5.94 and a 38.64 % decrease over the 52 week high of $ 28.70.
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The company has a market capital of $ 197.54 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.
