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Saratoga Investment Corp (SAR)

  • Thu, Apr. 9, 8:25 AM
    • The payout for the quarter ended Feb. 28 is $0.27 per share for an annualized yield of 6.8%. The company expects another boost next quarter. Saratoga (NYSE:SAR) initiated a dividend of $0.18 in September of last year and subsequently boosted the payout to $0.22.
    • Source: Press Release
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  • Mon, Apr. 6, 8:28 AM
    • The SBA issues Saratoga Investment (NYSE:SAR) a "green light" or "go forth" letter inviting the company to continue its application to form and operate a second Small Business Investment Company subsidiary.
    • The current SBIC program has been a boon to company, and a 2nd license would allow SAR another source of long-term capital with the issuance of $75M of SBA-guaranteed debt in addition to the $150M already approved under the 1st license.
    • Source: Press Release
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  • Wed, Jan. 14, 7:27 PM
    • Saratoga Investment (NYSE:SAR): FQ3 EPS of $0.53 beats by $0.11.
    • Total Investment income of $7.3M (+25.9% Y/Y).
    • Press Release
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  • Oct. 14, 2014, 4:51 PM
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  • Sep. 24, 2014, 9:26 AM
    • Previously making annual payouts, Saratoga Investment (NYSE:SAR) will now pay dividends quarterly, with the first being $0.18 per share for the quarter ended in August, and the second being $0.22 per share for the quarter ending in November. The most recent annual payout was $2.65 in November of last year.
    • The company expects to continue boosting the dividend in coming quarters.
    • A buyback program allowing the company to buy up to 200K shares at prices below net asset value is approved. The current float is about 5.4M shares.
    • Source: Press release
    • Shares +2.6% premarket
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  • Sep. 18, 2014, 10:06 AM
    • Institutional Shareholder Services recommends Saratoga Investment (SAR) owners vote for all proposals scheduled for the upcoming annual meeting, including one which would allow the company to issue shares below net asset value.
    • Saratoga reminds it has no imminent plans to issue shares below NAV, and that the authority granted under the proposal expires in one year. The company also notes insiders own more than 34% of the float and are their shares will not be included in the vote tally.
    • Source: Press Release
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  • Jul. 14, 2014, 5:47 PM
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  • May. 27, 2014, 5:32 PM
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  • Jan. 15, 2014, 6:18 AM
    • Saratoga Investment Corp (SAR): FQ3 EPS of $0.26.
    • NII of $2.9M. (PR)
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  • Oct. 30, 2013, 8:43 AM
    • Saratoga Investment Corp (SAR) declares dividend of $2.65/share, to be paid in cash and stock
    • Payable Dec. 27; for shareholders of record Nov. 13; ex-div Nov. 8.
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  • May. 30, 2013, 6:21 AM
    Saratoga Investment (SAR): FQ4 NII of $0.42. (PR)
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  • Nov. 11, 2012, 4:25 AM
    Saratoga Investment Corp (SAR) declares $4.25/share dividend. For shareholders of record Nov. 20. Payable Dec. 31. Ex-div Nov. 16. (PR)
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Company Description
Saratoga Investment Corp is a closed end management investment company that invests primarily in leveraged loans and mezzanine debt issued by private U.S. middle-market companies.