Saratoga Investment (SAR) Raises Quarterly Dividend 1.9% to $0.54; 9.3% Yield
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Saratoga Investment (NYSE: SAR) declared a quarterly dividend of $0.54 per share, or $2.16 annualized. This is a 1.9% increase from the prior dividend of $0.53.
The dividend will be payable on March 28, 2019, to stockholders of record on March 14, 2019, with an ex-dividend date of March 13, 2019.
The annual yield on the dividend is 9.3 percent.
“The increased size and continued high quality of our asset base over time has enabled us to generate strong investment income and increased net asset value,” said Christian L. Oberbeck, Chairman and Chief Executive Officer of Saratoga Investment. “Our ability to increase our dividend payment for more than four straight years sets us strongly apart from our BDC competition and underscores the value of our high quality management team, ample available liquidity, disciplined credit analysis and robust investment sourcing pipeline.”
For a dividend history and other dividend-related data on Saratoga Investment (SAR) click here.
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