Dividend increase #17 of 2025 : Saratoga Investment Corp.

Saratoga Investment Corp. (NYSE:SAR) (“Saratoga Investment” or “the Company”), a business development company, today announced that its Board of Directors has declared a base quarterly dividend of $0.74 per share for the fiscal fourth quarter ending February 28, 2025. The dividend is payable on March 25, 2025, to all stockholders of record at the close of business on March 6, 2025.

In addition, its Board of Directors also transitioned Saratoga Investment’s dividend payment schedule from quarterly to monthly beginning with the month ended March 31, 2025. As part of that transition, it increased its quarterly dividend by $0.01 per share to $0.75 per share in aggregate for the first quarter of fiscal 2026, declaring three monthly $0.25 per share dividends for the quarter ended May 31, 2025

Saratoga Investment to pay special dividend in December

Saratoga Investment Corp. (NYSE:SAR), a business development company, today announced that its Board of Directors has declared a base quarterly dividend of $0.74 per share for the fiscal third quarter ending November 30, 2024, and an additional special dividend of $0.35 per share fulfilling our fiscal 2024 distribution requirements. Both dividends are payable on December 19, 2024, to all stockholders of record at the close of business on December 4, 2024. 

“As a result of the strong overall performance of our portfolio during the fiscal second and third quarters, the board of directors approved a dividend of $0.74 per share, equivalent to the highest in our history, while maintaining industry leading dividend coverage and yield. Annualizing this dividend rate implies a 12.7% dividend yield based on Saratoga’s recent stock price of $23.31 per share on November 5, 2024” said Christian L. Oberbeck, Chairman and Chief Executive Officer of Saratoga Investment. 

Mr. Oberbeck continued, “Additionally, we are pleased to declare an additional special distribution of $0.35 per share, which was driven by the substantial overearning of our dividend during the previous fiscal year. By distributing this dividend at this stage, we have fulfilled our fiscal 2024 spillover requirements, with new spillover starting to build commencing March 1, 2024, generated from our quarterly earnings. We believe the diligent execution of our strategy, and the highly diversified nature and solid performance of our portfolio has allowed us to continue delivering attractive returns to our shareholders via solid and consistent base dividends, further enhanced with this special distribution. This dividend strategy provides a cushion against potential adverse events, including the possible effects of further cuts in interest rates.”

Dividend increase #23 of 2024 : Saratoga Investment Corp.

Saratoga Investment Corp. (NYSE:SAR), a business development company, today announced that its Board of Directors has declared a quarterly dividend of $0.74 per share for the fiscal first quarter ended May 31, 2024, an increase of $0.01 from $0.73 per share in the prior fiscal fourth quarter, and the seventeenth quarterly dividend increase in a row. 

This first quarter dividend is payable on June 27, 2024, to all stockholders of record at the close of business on June 13, 2024.

 

Dividend increase #9 of 2024 : Saratoga Investment Corp.

Saratoga Investment Corp. (NYSE:SAR) (“Saratoga Investment” or “the Company”), a business development company, today announced that its Board of Directors has declared a quarterly dividend of $0.73 per share for the fiscal fourth quarter ended February 29, 2024, an increase of $0.01 from $0.72 per share in the prior fiscal third quarter, and the sixteenth quarterly dividend increase in a row. 

Total dividends for fiscal year 2024 are $2.85 per share, an increase of 16.8% over the prior year. This fourth quarter dividend is payable on March 28, 2024, to all stockholders of record at the close of business on March 13, 2024. 

 

New purchase : Saratoga Investment Corporation

Added 45 shares of Saratoga Investment Corporation (NYSE:SAR) at $25.70 per share. I now hold 90 shares of Saratoga Investment Corporation

Dividend increase #46 of 2023 : Saratoga Investment Corp.

Saratoga Investment Corp. (NYSE:SAR) (“Saratoga Investment” or “the Company”), a business development company, today announced that its Board of Directors has declared a quarterly dividend of $0.72 per share for the fiscal third quarter ended November 30, 2023, an increase of $0.01 from $0.71 per share in the prior fiscal second quarter, and the fifteenth quarterly dividend increase in a row. This dividend is payable on December 28, 2023, to all stockholders of record at the close of business on December 11, 2023. 

 

New purchase : Saratoga Investment Corporation

A new position initiated in portfolio with a purchase of 45 shares of Saratoga Investment Corporation (NYSE:SAR). 

Saratoga Investment Corp. is a specialty finance company. The Company provides customized financing solutions to United States middle-market businesses. It primarily invests in senior and unitranche-leveraged loans and mezzanine debt and, to a lesser extent, equity issued by private United States middle-market companies. Its investment objective is to create attractive risk-adjusted returns by generating current income and long-term capital appreciation from its investments. Its investments generally provide financing for change of ownership transactions, strategic acquisitions, recapitalizations and growth initiatives in partnership with business owners, management teams and financial sponsors. Its portfolio is comprised primarily of investments in leveraged loans issued by middle market companies. It also invests in mezzanine debt and makes equity investments in middle market companies. Its investment activities are externally managed and advised by Saratoga Investment Advisors, LLC.