Saratoga Investment Corp (NYSE:SAR) declared quarterly dividend of $ 0.56 per share, or $ 2.24 annualized.
The dividend will be payable on September 26, 2019, to stockholders of record on September 13, 2019, with an ex-dividend date of September 12, 2019.
Christian L. Oberbeck, Chairman and Chief Executive Officer of Saratoga Investment, said, This quarters dividend reflects almost five years of increased quarterly dividends. This further increase is supported by our ability to consistently generate strong investment income and increased net asset value and net asset value per share over the long-term, despite market volatility.
The dividend yield based on the latest trading day closing price was 9.15 %. Owners of shares as of market close on September 12, 2019 will be eligible for the dividend.
According to the previous trading day, the closing price of SAR was $ 24.47, representing a 31.56 % increase from the 52 week low of $ 18.60 and a 5.08 % decrease over the 52 week high of $ 25.78.
Saratoga Investment Corp has a market capital of $ 196.21 million and is part of the Financial Services sector and Asset Management industry.
The average volume for company has been 0.07 million shares per day over the past 30 days.