Saratoga Investment Corp. Announces Quarterly Dividend of $0.74 Per Share for the Fiscal Fourth Quarter Ending February 28, 2025
Saratoga Investment Corp. (NYSE:SAR) has announced significant changes to its dividend structure. The company declared a quarterly dividend of $0.74 per share for the fiscal fourth quarter ending February 28, 2025, payable on March 25, 2025. Additionally, the Board has decided to transition from quarterly to monthly dividend payments starting March 31, 2025.
The company also increased its quarterly dividend by $0.01 to $0.75 per share in aggregate for fiscal 2026's first quarter, to be paid as three monthly installments of $0.25 per share. Based on the recent stock price of $25.39, this represents an annualized dividend yield of 11.8%. The company's strong liquidity, stable asset quality, and successful long-term origination track record supported this decision.
Saratoga Investment Corp. (NYSE:SAR) ha annunciato significative modifiche alla sua struttura di dividendi. La società ha dichiarato un dividendo trimestrale di $0,74 per azione per il quarto trimestre fiscale che si conclude il 28 febbraio 2025, pagabile il 25 marzo 2025. Inoltre, il Consiglio ha deciso di passare da pagamenti di dividendi trimestrali a mensili a partire dal 31 marzo 2025.
La società ha anche incrementato il suo dividendo trimestrale di $0,01 a $0,75 per azione in totale per il primo trimestre fiscale 2026, che sarà pagato in tre rate mensili di $0,25 per azione. Sulla base del recente prezzo delle azioni di $25,39, questo rappresenta un rendimento annualizzato del dividendo dell'11,8%. La forte liquidità della società, la stabilità della qualità degli attivi e il successo nel lungo termine nella concessione di prestiti hanno sostenuto questa decisione.
Saratoga Investment Corp. (NYSE:SAR) ha anunciado cambios significativos en su estructura de dividendos. La empresa declaró un dividendo trimestral de $0,74 por acción para el cuarto trimestre fiscal que termina el 28 de febrero de 2025, pagadero el 25 de marzo de 2025. Además, la Junta ha decidido pasar de pagos de dividendos trimestrales a mensuales a partir del 31 de marzo de 2025.
La empresa también aumentó su dividendo trimestral en $0,01 a $0,75 por acción en total para el primer trimestre fiscal de 2026, que se pagará en tres cuotas mensuales de $0,25 por acción. Con un precio de acción reciente de $25,39, esto representa un rendimiento de dividendo anualizado del 11,8%. La fuerte liquidez de la empresa, la calidad estable de sus activos y su exitoso historial de originación a largo plazo respaldaron esta decisión.
사라토가 투자 주식회사 (NYSE:SAR)는 배당 구조에 중요한 변화를 발표했습니다. 회사는 2025년 2월 28일 종료되는 회계 연도 4분기를 위한 분기 배당금을 $0.74 주당으로 선언하였으며, 이는 2025년 3월 25일에 지급될 예정입니다. 또한 이사회는 2025년 3월 31일부터 분기 배당금 지급에서 월별 지급으로 전환하기로 결정했습니다.
회사는 또한 2026 회계 연도 1분기 동안 분기 배당금을 $0.01 증가시켜 $0.75 주당으로 결정하였으며, 이는 $0.25 주당 3개월 할부로 지급될 예정입니다. 최근 주가가 $25.39에 기반할 때, 이는 연간 배당 수익률 11.8%를 나타냅니다. 회사의 강력한 유동성, 안정적인 자산 품질 및 성공적인 장기 대출 실적이 이 결정을 뒷받침했습니다.
Saratoga Investment Corp. (NYSE:SAR) a annoncé des changements significatifs dans sa structure de dividende. La société a déclaré un dividende trimestriel de 0,74 $ par action pour le quatrième trimestre fiscal se terminant le 28 février 2025, payable le 25 mars 2025. De plus, le Conseil a décidé de passer de paiements de dividendes trimestriels à mensuels à partir du 31 mars 2025.
La société a également augmenté son dividende trimestriel de 0,01 $ à 0,75 $ par action au total pour le premier trimestre fiscal 2026, qui sera payé en trois versements mensuels de 0,25 $ par action. Sur la base du prix récent de l'action de 25,39 $, cela représente un rendement de dividende annualisé de 11,8 %. La forte liquidité de la société, la qualité stable de ses actifs et son historique de réussite à long terme dans l'octroi de prêts ont soutenu cette décision.
Saratoga Investment Corp. (NYSE:SAR) hat bedeutende Änderungen in seiner Dividendenstruktur angekündigt. Das Unternehmen erklärte eine vierteljährliche Dividende von 0,74 $ pro Aktie für das vierte Quartal des Geschäftsjahres, das am 28. Februar 2025 endet, zahlbar am 25. März 2025. Darüber hinaus hat der Vorstand beschlossen, ab dem 31. März 2025 von vierteljährlichen auf monatliche Dividendenzahlungen umzusteigen.
Das Unternehmen hat auch seine vierteljährliche Dividende um 0,01 $ auf 0,75 $ pro Aktie für das erste Quartal des Geschäftsjahres 2026 erhöht, die in drei monatlichen Raten von 0,25 $ pro Aktie ausgezahlt wird. Basierend auf dem aktuellen Aktienkurs von 25,39 $ entspricht dies einer annualisierten Dividendenrendite von 11,8 %. Die starke Liquidität des Unternehmens, die stabile Vermögensqualität und die erfolgreiche langjährige Herkunftsrekord unterstützten diese Entscheidung.
- Dividend increase of 1.4% ($0.01 per share) for Q1 2026
- High dividend yield of 11.8% based on current stock price
- Transition to monthly dividend payments indicates strong liquidity
- Consistent dividend growth pattern shown in historical distributions
- None.
Insights
The transition to monthly dividends, coupled with a dividend increase, signals robust confidence in Saratoga Investment's cash flow generation and portfolio stability. This strategic shift is particularly noteworthy for several reasons:
The company's diversified funding structure, including two active SBIC licenses, a
The historical dividend progression shows consistent quarterly increases from
- Enhanced shareholder liquidity with more frequent payments
- Potentially reduced share price volatility around ex-dividend dates
- Greater appeal to income-focused investors who prefer monthly cash flows
The
The dividend reinvestment plan (DRIP) offering at
SARATOGA INVESTMENT CORP. ALSO ANNOUNCES TRANSITION OF DIVIDEND FROM QUARTERLY TO MONTHLY AND DECLARES FIRST QUARTER FISCAL 2026 DIVIDEND OF
NEW YORK, Feb. 18, 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
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
| Month | Amount per Share | Record Date | Payment Date |
| March 2025 | April 8, 2025 | April 24, 2025 | |
| April 2025 | May 6, 2025 | May 22, 2025 | |
| May 2025 | June 5, 2025 | June 24, 2025 |
“As a result of the strong overall performance of our diversified portfolio during the fiscal year, our board of directors approved a quarterly dividend of
This is the fourth dividend declared in fiscal year 2025, with the new monthly dividends being the first dividends declared for fiscal year 2026.
Historical Dividend Distributions
| Period (Fiscal Year ends Feb) | Base Dividend Per Share | Special Dividend Per Share | Total Dividend Per Share | |||||||||
| Fiscal Q1 2026 (May 2025) | $ | 0.25 | - | $ | 0.25 | |||||||
| Fiscal Q1 2026 (April 2025) | $ | 0.25 | - | $ | 0.25 | |||||||
| Fiscal Q1 2026 (March 2025) | $ | 0.25 | - | $ | 0.25 | |||||||
| Full Year Fiscal 2026 | $ | 0.75 | - | $ | 0.75 | |||||||
| Fiscal Q4 2025 | $ | 0.74 | - | $ | 0.74 | |||||||
| Fiscal Q3 2025 | $ | 0.74 | $ | 0.35 | $ | 1.09 | ||||||
| Fiscal Q2 2025 | $ | 0.74 | - | $ | 0.74 | |||||||
| Fiscal Q1 2025 | $ | 0.74 | - | $ | 0.74 | |||||||
| Full Year Fiscal 2025 | $ | 2.96 | $ | 0.35 | $ | 3.31 | ||||||
| Fiscal Q4 2024 | $ | 0.73 | - | $ | 0.73 | |||||||
| Fiscal Q3 2024 | $ | 0.72 | - | $ | 0.72 | |||||||
| Fiscal Q2 2024 | $ | 0.71 | - | $ | 0.71 | |||||||
| Fiscal Q1 2024 | $ | 0.70 | - | $ | 0.70 | |||||||
| Full Year Fiscal 2024 | $ | 2.86 | - | $ | 2.86 | |||||||
| Fiscal Q4 2023 | $ | 0.69 | - | $ | 0.69 | |||||||
| Fiscal Q3 2023 | $ | 0.68 | - | $ | 0.68 | |||||||
| Fiscal Q2 2023 | $ | 0.54 | - | $ | 0.54 | |||||||
| Fiscal Q1 2023 | $ | 0.53 | - | $ | 0.53 | |||||||
| Full 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
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
Forward Looking Statements
Statements included herein contain certain “forward-looking statements” within the meaning of the federal securities laws, which relate to 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 future events and our future performance, taking into account all information currently available to us. These statements are not guarantees of future events, 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 the Company invests; changes in the financial, capital, and lending markets; a rising interest rate environment and its impact on the Company’s business and its portfolio companies; regulatory changes; tax treatments; an economic downturn and its impact on the ability of our portfolio companies to operate and the investment opportunities available to the Company; 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 invest; and those described from time to time in our filings with the SEC. Any forward-looking statement speaks only as of the date on which it is made. Saratoga Investment Corp. undertakes no duty to update any forward-looking statements made herein, whether as a result of new information, future developments or otherwise, except as required by law.
Contacts:
Saratoga Investment Corporation
535 Madison Avenue, 4th Floor
New York, NY 10022
Henri Steenkamp
Chief Financial Officer
Saratoga Investment Corp.
212-906-7800
Lena Cati
The Equity Group Inc.
212-836-9611 / lcati@equityny.com
Val Ferraro
The Equity Group Inc.
212-836-9633 / vferraro@equityny.com
FAQ
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