StockNews.AI
SAR
StockNews.AI
68 days

Saratoga Investment Corp. Declares Dividends for the Second Quarter Fiscal 2026 of $0.75 Per Share, In the Aggregate – Paid in a Monthly Dividend of $0.25 Per Share

1. Saratoga Investment declared a quarterly dividend of $0.75 per share. 2. Dividend will be paid monthly at $0.25 for three months. 3. Annualized yield is 12.5% based on recent stock price. 4. The company continues to support shareholders with solid dividends. 5. Saratoga manages $550 million CLO and has diverse funding sources.

9m saved
Insight
Article

FAQ

Why Bullish?

The strong dividend announcement indicates financial stability and commitment to investors, similar to past successful dividend increases, which have positively impacted stock prices.

How important is it?

The article highlights a significant dividend distribution, which is critical for income-focused investors, thus influencing SAR's share price.

Why Short Term?

Investors may react quickly to dividend announcements, as seen in previous years when dividend declarations led to immediate stock price increases.

Related Companies

CLONYCFDX
June 12, 2025 08:30 ET  | Source: Saratoga Investment Corp NEW YORK, June 12, 2025 (GLOBE NEWSWIRE) -- 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 $0.75 per share in aggregate for the second quarter of fiscal 2026, declaring the following three monthly dividends for the quarter ended August 31, 2025: MonthAmount per ShareRecord DatePayment DateJune 2025$0.25July 8, 2025July 24, 2025July 2025$0.25August 6, 2025August 21, 2025August 2025$0.25September 4, 2025September 24, 2025 “Continuing our strong dividend distribution history and recent monthly payment frequency, our board of directors approved an aggregated dividend for the second quarter of fiscal 2026 of $0.75 per share, paid in monthly dividends of $0.25 per share per month. Annualizing this dividend rate implies a 12.5% dividend yield based on Saratoga’s recent stock price of $24.08 per share on June 10, 2025. Our board of directors is pleased to continue delivering attractive returns to our shareholders via solid and consistent dividends,” said Christian L. Oberbeck, Chairman and Chief Executive Officer of Saratoga Investment. These are the second dividends declared for fiscal year 2026. Historical Dividend Distributions Period (Fiscal Year ends Feb) Base Dividend Per ShareSpecial Dividend Per ShareTotal Dividend Per ShareFiscal Q2 2026 (August 2025)$0.25-$0.25Fiscal Q2 2026 (July 2025)$0.25-$0.25Fiscal Q2 2026 (June 2025)$0.25-$0.25Fiscal Q1 2026 (May 2025)$0.25-$0.25Fiscal Q1 2026 (April 2025)$0.25-$0.25Fiscal Q1 2026 (March 2025)$0.25-$0.25Total Year Fiscal 2026$1.50-$1.50Fiscal Q4 2025$0.74-$0.74Fiscal Q3 2025 $0.74$0.35$1.09Fiscal Q2 2025 $0.74-$0.74Fiscal Q1 2025 $0.74-$0.74Full Year Fiscal 2025$2.96$0.35$3.31Fiscal Q4 2024 $0.73-$0.73Fiscal Q3 2024 $0.72-$0.72Fiscal Q2 2024 $0.71-$0.71Fiscal Q1 2023 $0.70-$0.70Full Year Fiscal 2024$2.86-$2.86Fiscal Q4 2023 $0.69-$0.69Fiscal Q3 2023 $0.68-$0.68Fiscal Q2 2023 $0.54-$0.54Fiscal Q1 2023 $0.53-$0.53Full Year Fiscal 2023$2.44-$2.44 Shareholders will have the option to receive payment of the dividend in cash or receive shares of common stock pursuant to the Company’s dividend reinvestment plan (“DRIP”). Saratoga Investment shareholders who hold their shares with a broker must affirmatively instruct their brokers prior to the record date if they prefer to receive this dividend, and future dividends, in common stock.  The number of shares of common stock to be delivered shall be determined by dividing the total dollar amount by 95% of the average of the market prices per share at the close of trading on the ten (10) trading days immediately preceding (and including) the payment date. About Saratoga Investment Saratoga Investment is a specialty finance company that provides customized financing solutions to U.S. middle-market businesses. The Company invests primarily in senior and unitranche leveraged loans and mezzanine debt, and, to a lesser extent, equity to provide financing for change of ownership transactions, strategic acquisitions, recapitalizations and growth initiatives in partnership with business owners, management teams and financial sponsors. Saratoga Investment’s objective is to create attractive risk-adjusted returns by generating current income and long-term capital appreciation from its debt and equity investments. Saratoga Investment has elected to be regulated as a business development company under the Investment Company Act of 1940 and is externally managed by Saratoga Investment Advisors, LLC, an SEC-registered investment advisor focusing on credit-driven strategies. Saratoga Investment Corp. owns two active SBIC-licensed subsidiaries, having surrendered its first license after repaying all debentures for that fund following the end of its investment period and subsequent wind-down. Furthermore, it manages a $550 million collateralized loan obligation (“CLO”) fund and co-manages a joint venture (“JV”) fund that owns a $400 million collateralized loan obligation (“JV CLO”) fund.  It also owns 52% of the Class F and 100% of the subordinated notes of the CLO, 87.5% of both the unsecured loans and membership interests of the JV and 87.5% of the Class E notes of the JV CLO. The Company’s diverse funding sources, combined with a permanent capital base, enable Saratoga Investment to provide a broad range of financing solutions. Forward Looking Statements This press release contains historical information and forward-looking statements with respect to the business and investments of the Company, including, but not limited to, the statements about future events or our future performance or financial condition. Forward-looking statements can be identified by the use of forward looking words such as “outlook,” “believes,” “expects,” “potential,” “continues,” “may,” “will,” “should,” “seeks,” “approximately,” “predicts,” “intends,” “plans,” “estimates,” “anticipates” or negative versions of those words, other comparable words or other statements that do not relate to historical or factual matters. The forward-looking statements are based on our beliefs, assumptions and expectations of our future performance, taking into account all information currently available to us. These statements are not guarantees of future performance, condition or results and involve a number of risks and uncertainties. Actual results may differ materially from those in the forward-looking statements as a result of a number of factors, including, but not limited to: changes in the markets in which we invest; changes in the financial, capital, and lending markets; an economic downturn or a recession and its impact on the ability of our portfolio companies to operate and the investment opportunities available to us; the impact of interest rate volatility on our business and our portfolio companies; the uncertainty associated with the imposition of tariffs and trade barriers and changes in trade policy and its impact on our portfolio companies and the global economy; the impact of supply chain constraints and labor shortages on our portfolio companies; and the elevated levels of inflation and its impact on our portfolio companies and the industries in which we invests, as well as those described from time to time in our filings with the Securities and Exchange Commission. Any forward-looking statement speaks only as of the date on which it is made. The Company undertakes no duty to update any forward-looking statements made herein or on the webcast/conference call, whether as a result of new information, future developments or otherwise, except as required by law. Readers should not place undue reliance on any forward-looking statements and are encouraged to review the Company’s Annual Report on Form 10-K for the fiscal year ended February 28, 2025 and subsequent filings, including the “Risk Factors” sections therein, with the Securities and Exchange Commission for a more complete discussion of the risks and other factors that could affect any forward-looking statements.  Contacts:Saratoga Investment Corporation535 Madison Avenue, 4th FloorNew York, NY 10022 Henri SteenkampChief Financial OfficerSaratoga Investment Corp.212-906-7800                                                             Lena CatiThe Equity Group Inc.212-836-9611 / lcati@equityny.com Val FerraroThe Equity Group Inc.212-836-9633 / vferraro@equityny.com

Related News