Saratoga Investment Corp. Announces Quarterly Dividend of $0.74 Per Share for the Fiscal Fourth Quarter Ending February 28, 2025

Core Points - Saratoga Investment Corp. declared a base quarterly dividend of $0.74 per share for the fiscal fourth quarter ending February 28, 2025, payable on March 25, 2025 [1] - The company transitioned its dividend payment schedule from quarterly to monthly starting March 31, 2025, increasing the quarterly dividend to $0.75 per share for the first quarter of fiscal 2026, which represents a 1.4% increase from the previous four quarters [2][3] - The annualized dividend rate implies an industry-leading 11.8% dividend yield based on a recent stock price of $25.39 per share [2] Dividend History - The new monthly dividends for fiscal Q1 2026 are set at $0.25 per share for March, April, and May 2025, totaling $0.75 for the quarter [2][4] - The total dividend per share for fiscal year 2025 was $3.31, which included a special dividend of $0.35 [4][5] - Historical dividends show a consistent increase over the years, with the base dividend per share rising from $0.70 in fiscal Q1 2024 to $0.74 in fiscal Q4 2025 [4][5] Company Overview - Saratoga Investment is a specialty finance company that provides customized financing solutions to U.S. middle-market businesses, primarily investing in senior and unitranche leveraged loans and mezzanine debt [6] - The company aims to create attractive risk-adjusted returns through current income and long-term capital appreciation from its investments [6] - Saratoga Investment is regulated as a business development company and manages a $650 million collateralized loan obligation (CLO) fund [6]