This Dividend Represents an Increase of Approximately 4.2% as Compared to Same Second Quarter of Fiscal 2024 NEW YORK, Aug. 22, 2024 (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 quarterly dividend of $0.74 per share for the fiscal second quarter ending August 31, 2024, which represents a 4.2% increase as compared to the $0.71 per share distributed in the second qua ...

NEW YORK, NY, Aug. 13, 2024 (GLOBE NEWSWIRE) -- Saratoga Investment Corp. (NYSE: SAR) ("Saratoga Investment," "Saratoga" or "the Company") today announced that the Company commenced distribution of proxy materials to the Company's stockholders for the 2024 Annual Meeting of Stockholders (the "Annual Meeting") to be held on September 26 2024. Saratoga's Annual Report on Form 10-K for the year ended February 29, 2024, and its definitive proxy statement for the Annual Meeting which was filed on August 1, 2024 ...

I P III # # HOBEL 1984 1 000 1 I I I H . Saratoga Investment Q1 Review The Bottom Line I have been covering Saratoga Investment Corp (NYSE:SAR) since March this year when I issued an article arguing that the risks are just too high for going long here. After SAR circulated its Q4, 2023 earnings deck, I wrote a follow-up article, where my overall investment stance did not change even though the underlying performance showed some signs of improvement. The reason for this was simple - the combination of one of ...

Saratoga Investment Corp (NYSE:SAR) Q1 2025 Earnings Conference Call July 10, 2024 10:00 AM ET Company Participants Christian Oberbeck - Chairman, CEO & President Henri Steenkamp - CFO and Chief Compliance Officer Michael Grisius - CIO Conference Call Participants Bryce Rowe - B. Riley Casey Alexander - Compass Point Robert Dodd - Raymond James Operator Good morning, ladies and gentlemen. Thank you for standing by. Welcome to Saratoga Investment Corp’s 2025 Fiscal First Quarter Financial Results Conference ...

Saratoga Investment Corp. Fiscal First Quarter 2025 Shareholder Presentation July 10, 2024 Steady Long-Term Growth and Performance in Q1 2025 Fiscal First Quarter 2025 Highlights: • 98.3% of loan investments with highest internal rating and three non-accruals (1.6% of fair value / 4.8% of cost) • Remaining total Pepper Palace and Zollege fair value as of quarter-end is $4.4m • Fair value of $1.096 billion is 2.4% below total cost of portfolio, with core non-CLO BDC portfolio, excluding Zollege and Pepper Pa ...

Saratoga Investment (SAR) came out with quarterly earnings of $1.05 per share, beating the Zacks Consensus Estimate of $0.97 per share. This compares to earnings of $1.08 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 8.25%. A quarter ago, it was expected that this business development company would post earnings of $0.96 per share when it actually produced earnings of $0.94, delivering a surprise of -2.08%. Over the last fo ...

For the three months ended and as of February 29, 2024 NEW YORK, July 09, 2024 (GLOBE NEWSWIRE) -- Saratoga Investment Corp. (NYSE:SAR) ("Saratoga Investment" or "the Company"), a business development company ("BDC"), today announced financial results for its 2025 fiscal first quarter, with Net Investment Income ("NII") per share of $1.05 versus $1.35 last year and $0.94 for last year's fourth quarter, and adjusted NII per share of $1.05 versus $1.08 last year and $0.94 for last year's fourth quarter. The C ...

Saratoga Investment's annualized first quarter dividend of $0.74 per share and adjusted net investment income of $1.05 per share imply a 13.1% dividend yield and 18.6% earnings yield based on its recent stock price of $22.59 per share on July 8, 2024. This substantial overearning of the dividend by 31c this quarter, or $1.24 annualized per share, amply supports the increased level of dividends, increases Net Asset Value ("NAV"), supports increased portfolio growth and provides a cushion against adverse even ...

NEW YORK, July 09, 2024 (GLOBE NEWSWIRE) -- Saratoga Investment Corp. (NYSE:SAR) ("Saratoga Investment" or "the Company"), a business development company ("BDC"), today announced financial results for its 2025 fiscal first quarter, with Net Investment Income ("NII") per share of $1.05 versus $1.35 last year and $0.94 for last year's fourth quarter, and adjusted NII per share of $1.05 versus $1.08 last year and $0.94 for last year's fourth quarter. Saratoga Investment's annualized first quarter dividend of $ ...

1M USD TERM SOFR - The 1 month USD TERM SOFR rate as of February 29, 2024 was 5.32%. 3M USD TERM SOFR - The 3 month USD TERM SOFR rate as of February 29, 2024 was 5.33%. 6M USD TERM SOFR - The 6 month USD TERM SOFR rate as of February 29, 2024 was 5.27%. PIK - Payment-in-Kind (see Note 2 to the consolidated financial statements). Note 1. Organization The Company is externally managed and advised by the investment adviser, Saratoga Investment Advisors, LLC (the "Manager" or "Saratoga Investment Advisors"), p ...