Saratoga Investment Corp. is a business development company specializing in leveraged and management buyouts, acquisition financings, growth financings, recapitalization, debt refinancing, and transitional financing transactions at the lower end of middle market companies. It structures its investments as debt and equity by investing through first and second lien loans, mezzanine debt, co-investments, select high yield bonds, senior secured bonds, unsecured bonds, and preferred and common equity. The firm prefers to invest in aerospace, automotive aftermarket and services, business products and services, consumer products and services, education, environmental services, industrial services, financial services, food and beverage, healthcare products and services, logistics, distribution, manufacturing, restaurants services, food services, software services, technology services, specialty chemical, media and telecommunications. It seeks to invest in the United States. The firm primarily invests $5 million to $50 million in companies having EBITDA of $2 million or greater and revenues of $8 million to $250 million. The firm prefer to take a majority stake. It invests through direct lending as well as participation in loan syndicates. The firm was formerly known as GSC Investment Corp. Saratoga Investment Corp. is based in New York, New York with an additional office in Florham Park, New Jersey.
Saratoga Investment Dividend Announcement
• Saratoga Investment announced a quarterly dividend of $1.09 per ordinary share which will be made payable on 2024-12-19. Ex dividend date: 2024-12-04
• Saratoga Investment annual dividend for 2024 was $3.30
• Saratoga Investment annual dividend for 2023 was $2.82
• Saratoga Investment's trailing twelve-month (TTM) dividend yield is 13.7%
• Saratoga Investment's payout ratio for the trailing twelve months (TTM) is 124.16%
• Saratoga Investment's dividend growth over the last five years (2018-2023) was 6.48% year
• Saratoga Investment's dividend growth over the last ten years (2013-2023) was 0.62% year
Saratoga Investment Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-12-04 | $1.09 | quarterly | 2024-12-19 |
2024-09-11 | $0.74 | quarterly | 2024-09-26 |
2024-06-13 | $0.74 | quarterly | 2024-06-27 |
2024-03-12 | $0.73 | quarterly | 2024-03-28 |
2023-12-08 | $0.72 | quarterly | 2023-12-28 |
2023-09-13 | $0.71 | quarterly | 2023-09-28 |
2023-06-12 | $0.70 | quarterly | 2023-06-29 |
2023-03-15 | $0.69 | quarterly | 2023-03-30 |
2022-12-14 | $0.68 | quarterly | 2023-01-04 |
2022-09-13 | $0.54 | quarterly | 2022-09-29 |
2022-06-13 | $0.53 | quarterly | 2022-06-29 |
2022-03-11 | $0.53 | quarterly | 2022-03-28 |
2022-01-03 | $0.53 | quarterly | 2022-01-19 |
2021-09-13 | $0.52 | quarterly | 2021-09-28 |
2021-06-14 | $0.44 | quarterly | 2021-06-29 |
2021-04-07 | $0.43 | quarterly | 2021-04-22 |
2021-01-25 | $0.42 | quarterly | 2021-02-10 |
2020-10-23 | $0.41 | quarterly | 2020-11-10 |
2020-07-24 | $0.40 | quarterly | 2020-08-12 |
2020-01-23 | $0.56 | quarterly | 2020-02-06 |
2019-09-12 | $0.56 | quarterly | 2019-09-26 |
2019-06-12 | $0.55 | quarterly | 2019-06-27 |
2019-03-13 | $0.54 | quarterly | 2019-03-28 |
2018-12-14 | $0.53 | quarterly | 2019-01-02 |
2018-09-14 | $0.52 | quarterly | 2018-09-27 |
2018-06-14 | $0.51 | quarterly | 2018-06-27 |
2018-03-13 | $0.50 | quarterly | 2018-03-26 |
2017-12-14 | $0.49 | quarterly | 2017-12-27 |
2017-09-14 | $0.48 | quarterly | 2017-09-26 |
2017-06-13 | $0.47 | quarterly | 2017-06-27 |
2017-03-13 | $0.46 | quarterly | 2017-03-28 |
2017-01-27 | $0.45 | quarterly | 2017-02-09 |
2016-10-27 | $0.44 | quarterly | 2016-11-09 |
2016-08-22 | $0.20 | quarterly | 2016-09-05 |
2016-07-27 | $0.43 | quarterly | 2016-08-09 |
2016-04-13 | $0.41 | quarterly | 2016-04-27 |
2016-01-28 | $0.40 | quarterly | 2016-02-29 |
2015-10-29 | $0.36 | quarterly | 2015-11-30 |
2015-07-30 | $0.33 | quarterly | 2015-08-31 |
2015-05-21 | $1.00 | quarterly | 2015-06-05 |
2015-04-30 | $0.27 | quarterly | 2015-05-29 |
2015-01-29 | $0.22 | quarterly | 2015-02-27 |
2014-10-30 | $0.18 | quarterly | 2014-11-28 |
2013-11-08 | $2.65 | quarterly | 2013-12-27 |
Saratoga Investment Dividend per year
Saratoga Investment Dividend growth
Saratoga Investment Dividend Yield
Saratoga Investment current trailing twelve-month (TTM) dividend yield is 13.7%. Interested in purchasing Saratoga Investment stock? Use our calculator to estimate your expected dividend yield:
Saratoga Investment Financial Ratios
Saratoga Investment Dividend FAQ
Other factors to consider when evaluating Saratoga Investment as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
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1. Determination of Dividend: Saratoga Investment's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, Saratoga Investment publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, Saratoga Investment distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from Saratoga Investment are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
1. Record Date: Saratoga Investment sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, Saratoga Investment distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Saratoga Investment declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
To assess the safety of Saratoga Investment's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review Saratoga Investment's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.