Saratoga Investment Corp. Increases Quarterly Dividend by $0.01, or 1.4%, to $0.70 per Share for the Fiscal First Quarter Ended May 31, 2023
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 $0.70 per share for the fiscal first quarter ended May 31, 2023, an increase of $0.01 from $0.69 per share in the prior fiscal fourth quarter, and the thirteenth quarterly dividend increase in a row. This dividend is payable on June 29, 2023, to all stockholders of record at the close of business on June 13, 2023.
Saratoga Investment Corp. Announces Fiscal Year-End and Fourth Quarter 2023 Financial Results
NEW YORK, May 02, 2023 (GLOBE NEWSWIRE) — Saratoga Investment Corp. (NYSE:SAR) (“Saratoga Investment” or “the Company”), a business development company (“BDC”), today announced financial results for its 2023 fiscal year and fourth quarter, with Net Investment Income (“NII”) per share up 69% over both last year and last year’s fourth quarter, and adjusted NII per share notably up 27% and 85%, respectively, over those same periods. This increase in earnings reflects the improving margins, primarily from rising rates on Saratoga Investment’s floating rate assets, which comprise approximately 89% of the Company’s assets under management, and the largely fixed interest rates paid on financing liabilities.
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Saratoga Investment Corp. to Report Fiscal Fourth Quarter and Full Year 2023 Financial Results and Hold Conference Call
Saratoga Investment Corp. (NYSE:SAR), a business development company, will report its financial results for the fiscal quarter and year ended February 28, 2023, on Tuesday May 2, 2023, after market close. A conference call to discuss the financial results will be held on Wednesday May 3, 2023. Details for the conference call are provided below.
Saratoga Investment Corp. Announces Offering of Notes and BBB+ Investment Grade Rating from Egan-Jones Ratings Company
Saratoga Investment Corp. (the “Company”) (NYSE: SAR) announced the commencement of a registered public offering of unsecured notes (the “Notes”). The Company also announced that it has received an investment grade rating of “BBB+” from Egan-Jones Ratings Company, an independent, unaffiliated rating agency.
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n recent years, Software as a Service (SaaS) has emerged as a leading technology sector. The market was recently valued at $251.17 billion last year, but is expected to increase to upwards of $883.34 billion by the end of 2029. This rapid growth indicates the robustness of the SaaS market and demonstrates how quickly SaaS companies are evolving and pushing the boundaries of what’s possible in their industry.
Saratoga Investment Corp. Increases Quarterly Dividend by $0.01, or 1.5%, to $0.69 per Share for the Fiscal Fourth Quarter Ended February 28, 2023
NEW YORK, Feb. 28, 2023 (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 $0.69 per share for the fiscal fourth quarter ended February 28, 2023, an increase of $0.01 from $0.68 per share in the prior fiscal third quarter.
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Saratoga Investment Corp. Announces Fiscal Third Quarter 2023 Financial Results
Saratoga Investment Corp. (NYSE:SAR) (“Saratoga Investment” or “the Company”), a business development company (“BDC”), today announced financial results for its 2023 fiscal third quarter, with Net Investment Income (“NII”) per share notably up 30% over the prior quarter and up 84% over the year ago quarter, and Adjusted NII per share up 33% and 45%, respectively, over those same periods.
Saratoga Investment Corp. to Report Fiscal Third Quarter 2023 Financial Results and Hold Conference Call
Saratoga Investment Corp. (NYSE:SAR), a business development company, will report its financial results for the fiscal quarter ended November 30, 2022, on January 10, 2023, after market close.
