Saratoga Investment (SAR) Raises Quarterly Dividend 1.9% to $0.53; 10.2% Yield
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Saratoga Investment (NYSE: SAR) declared a quarterly dividend of $0.53 per share, or $2.12 annualized. This is a 1.9% increase from the prior dividend of $0.52.
The dividend will be payable on January 2, 2019, to stockholders of record on December 17, 2018, with an ex-dividend date of December 14, 2018.
The annual yield on the dividend is 10.2 percent.
“We have continued to consistently grow the size and quality of our asset base, which has enabled us to generate increased investment income and net asset value over time,” said Christian L. Oberbeck, Chairman and Chief Executive Officer of Saratoga Investment. “We are very proud of our continued ability to steadily increase our quarterly dividend, an accomplishment that sets us apart from our BDC competition. We have accomplished this for more than four years and it underscores the value of our high quality management team, ample liquidity and access to capital, disciplined credit analysis and robust investment pipeline.”
For a dividend history and other dividend-related data on Saratoga Investment (SAR) click here.
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